Devon Energy Subsidiary Sells 1.76M WaterBridge Infrastructure Class A Shares at $30.05

Devon WB Holdco L.L.C., an indirect wholly-owned subsidiary of Devon Energy Corporation, executed a significant transaction involving WaterBridge Infrastructure LLC (WBI) securities on June 22, 2026. The company redeemed 1,755,174 WBI Operating LLC Units along with the cancellation of an equal number of Class B shares, receiving 1,755,174 Class A shares in exchange. Subsequently, Devon Holdco sold all 1,755,174 Class A shares at $30.05 per share through a Rule 144 transaction, generating approximately $52.7 million in proceeds. The transaction was part of a structured redemption and sale process, with Devon Holdco maintaining ownership of 16,002,051 OpCo Units following the transaction. The filing involves multiple Devon Energy entities as reporting owners, including Devon Energy Corporation, WPX Energy, Inc., WPX Energy Permian, LLC, and Devon WB Holdco L.L.C., all reporting as 10% owners.