Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 477

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 477
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 |     |   |  2,000 |
| Total maturities before unamortized debt issuance costs |     | $ | 10,527 |

Note 6. Member’s Equity As provided for in the LLC Agreement, the Parent (the “sole member”) holds 100% of the limited liability company interests of the Company. The Parent’s limited liability company interests are generally consistent with ordinary equity ownership interests. Distributions (including liquidating distributions) are to be made to the sole member at the discretion of the board of managers of the Parent, as the governing body of the parent entity of each of the sole member and the Company. The sole member’s equity account will be adjusted for distributions paid to the member and additional capital contributions that are made by the sole member. All revenues, costs and expenses of the Company are allocated to the sole member. The Parent has two classes of member’s capital: Series A Units and Incentive Units. Series A members have voting rights. No interest shall be paid to any member on any capital contributions. The Incentive Units constitute profits interests, issued to Company employees. The Parent is authorized to issue, with Board approval, up to an aggregate of 10,000 incentive units. The Incentive Units vest annually over a period of three years. A summary of Incentive Units activity during the year ended December 31, 2024 and 2023 is shown in the following table:

| Outstanding at January 1, 2023   |     | Incentive Units |     - |     | Weighted Average 
 Grant Date       
 Fair Value       |     - |     | Weighted Average      
 Remaining Contractual 
 Term (years)          |    - |
|:---------------------------------|:----|:----------------|------:|:----|:-----------------|------:|:----|:----------------------|-----:|
| Granted                          |     |                 | 4,400 |     |                  | 56.65 |     |                       |      |
| Forfeited                        |     |                 |     - |     |                  |     - |     |                       |      |
| Outstanding at December 31, 2023 |     |                 | 4,400 |     |                  | 56.65 |     |                       | 2.00 |
| Granted                          |     |                 |   300 |     |                  | 53.04 |     |                       |      |
| Forfeited                        |