Major Shareholder Crestview Partners Files to Sell $40M in Select Water Solutions Stock
WTTR has more than doubled off its 52-week low of $7.86 on elevated volume (2.0× avg).
Summary
Crestview Partners, a major institutional investor, has filed a Form 144 to sell approximately $40 million in Select Water Solutions stock, extending its recent trend of reducing its stake.
Key Events · Ownership and Investor Activity · WTTR
-
Intent to Sell Shares
Crestview Partners, a major institutional shareholder, has filed a Form 144 indicating its intent to sell 2,000,000 shares of Class A Common Stock.
-
Significant Transaction Value
The proposed sale has an approximate market value of $39.96 million, representing about 1.5% of the company's current market capitalization.
-
Continuation of Prior Sales
This filing follows previous Form 144 and Form 4 filings by Crestview Partners, which have resulted in over $108 million in sales over the past three months, signaling an ongoing reduction of their stake.
Analysis · WTTR · Energy & Transportation
This Form 144 indicates that Crestview Partners, a significant institutional shareholder, intends to sell an additional $39.96 million worth of shares. This continues a pattern of substantial sales by Crestview Partners over the past few months, contributing to a persistent overhang on the stock.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1666 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WTTR was trading at $19.09 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $7.86 to $20.48. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.