Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 351

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 351
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 unit). The cumulative vested value of the liability for the WB II Incentive Units allocated to the Company was approximately $2.0 million and $2.5 million as of December 31, 2024 and 2023, respectively. The Company recognized income of $0.5 million and income of $2.1 million, respectively, in share-based compensation expense during the years ended December 31, 2024 and 2023, respectively, which is included in general and administrative expense on the statements of operations. For the year ended December 31, 2024, the WB II Incentive Units were fully vested. For the year ended December 31, 2023, the remaining unrecognized compensation expense for the WB II Incentive Units was $0.6 million and the weighted average remaining vesting period was approximately 1.0 years. There were no departures requiring accelerated vesting during 2024 and 2023. Changes in the allocated vested and unvested fair value of the Incentive Units for the years ended December 31, 2024 and 2023 were as follows (in thousands):

| Recurring:                |     |   |         |   |
|:--------------------------|:----|:--|--------:|:--|
| Balance January 1, 2023   |     | $ |  33,822 |   |
| Remeasurements            |     |   | (17,889 | ) |
| Balance December 31, 2023 |     | $ |  15,933 |   |
| Remeasurements            |     |   |   5,330 |   |
| Balance December 31, 2024 |     | $ |  21,263 |   |

Defined Contribution Plan WaterBridge Management Company LLC, a subsidiary of the Company (“Management Co”), sponsors a defined contribution plan available to all eligible employees. Qualifying participants receive a matching contribution based on the amount participants contribute to the plan up to 7% of their qualifying compensation. Contributions of $2.0 million and $1.8 million were made during the years ended December 31, 2024 and 2023, respectively.

<div align='center'>F-62</div>

#### WaterBridge Equity Finance LLC and Subsidiaries

### Notes to the Consolidated Financial Statements
12. Related Party Transactions Below is a summary of our related party transaction as reported on our consolidated balance sheets and