Quarterly report pursuant to Section 13 or 15(d)

Stockholders' and Members' Equity

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Stockholders' and Members' Equity
 6 Months Ended
Jun. 30, 2022
Stockholders' and Members' Equity  
Stockholders' and Members' Equity

9.Stockholders’/Members’ Equity

Redemptions

During the six months ended June 30, 2022, Solaris LLC units, together with an equal number of shares of our Class B common stock, were redeemed for shares of our Class A common stock on a one-for-one basis as follows:

● 148,087 shares were redeemed on February 28, 2022; and
● 107,914 shares were redeemed on June 1, 2022.

Dividends and Distributions

On February 25, 2022 and May 6, 2022, our Board of Directors declared quarterly dividends of $0.09 per share for the first quarter and second quarter of 2022, respectively, on our Class A common stock. In conjunction with the dividend payments, a distribution of $0.09 per unit was paid to unit holders of Solaris LLC for both the first quarter and second quarter of 2022.

On August 3, 2022, our Board of Directors declared a quarterly dividend of $0.09 per share for the third quarter of 2022 on our Class A common stock. The dividend will be paid on August 30, 2022, to holders of record of our Class A common stock as of the close of business on August 17, 2022. In conjunction with the dividend payment, a distribution of $0.09 per unit will be paid to unit holders of Solaris LLC subject to the same payment and record dates.