Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 264

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 264
---
 | 73.2% |     |      62,094,660 |     | 52.3% |     |                                     3,411,735 |     | 7.9% |     |        58,682,925 |     | 73.2% |     |               62,094,660 |     | 50.3% |

* Less than 1%. (1) Does not include any shares or other share-based awards that will be received by our executive officers and employees under our LTIP. (2) Subject to the terms of the OpCo LLC Agreement, OpCo Unitholders (other than us) will have the right to redeem all or a portion of their OpCo Units for Class A shares (or cash, at OpCo’s election) at a redemption ratio of one Class A share for each OpCo Unit redeemed. In connection with any such redemption of OpCo Units, a corresponding number of Class B shares will be cancelled. Please see “Certain Relationships and Related Party Transactions—OpCo LLC Agreement.” Beneficial ownership of OpCo Units is not reflected as beneficial ownership of our Class A shares for which such OpCo Units may be redeemed.

<div align='center'>179</div>

Represents percentage of voting power of our Class A shares and Class B shares voting together as a single class. OpCo Unitholders (other than us) will hold one Class B share for each OpCo Unit that they own. Each Class B share has no economic rights, but entitles the holder thereof to one vote for each OpCo Unit held by such holder. Accordingly, OpCo Unitholders (other than us) collectively have a number of votes in us equal to the number of OpCo Units that they hold.

Consists of 3,411,735 Class A shares and 11,063,925 Class B shares held of record by WBR Holdings. WaterBridge Resources LLC is the managing member of WBR Holdings and is controlled by a board of managers consisting of four members. Funds controlled by Five Point Energy GP I LP (“GP I”) indirectly beneficially own a majority of the capital interests in WaterBridge Resources LLC and have a right to appoint a majority of the members of the board of managers. Five Point Energy GP I LLC (“GP I LLC”) is the sole general partner of GP I, and David N. Capobianco is the sole member of GP I LLC. As a result, each of WaterBridge Resources LLC, GP