X0306 4 2019-12-31 0 0001422841 AquaVenture Holdings Ltd WAAS 0001237644 HANRAHAN PAUL T C/O CONYERS CORP. SERVICES (B.V.I.) LTD. COMMERCE HOUSE, WICKHAMS CAY 1 ROAD TOWN D8 VG1110 VIRGIN ISLANDS, BRITISH 1 0 0 0 Ordinary Shares 2019-12-31 4 M 0 3934 0.00 A 22837 D Deferred Compensation - Phantom Share Unit 2019-12-31 4 M 0 3934.78 0 D Ordinary Shares 3934.78 0 D Deferred Compensation - Phantom Share Unit 2019-01-02 4 A 0 544.44 27.00 A Ordinary Shares 544.44 544.44 D On December 31, 2019, pursuant to the Issuer's Independent Directors' Deferred Compensation Program (the "Program") which was established under the Issuer's 2016 Share Option and Incentive Plan (the "Plan"), 3,934.78 phantom shares units held by the reporting person vested and were automatically converted into 3,934 ordinary shares of the Issuer, (the "Ordinary Shares"), plus $21.15 in cash in lieu of any fractional Ordinary Shares, based on the Issuer's closing share price as reported on The New York Stock Exchange on December 31, 2019. Each phantom share unit (which is in the form of a deferred compensation share unit) is the economic equivalent of one ordinary share of the Issuer. Represents the number of phantom share units credited to the reporting person's deferred account pursuant to the Program which was established under the Plan. The number of whole and fractional phantom share units credited to the reporting person's deferred account is equal to 120% of the aggregate deferred cash fees that would otherwise be payable on such date divided by the closing price of the Issuer's ordinary shares on the award date. Whole and fractional phantom share units credited to the reporting person's deferred account shall be settled in ordinary shares and cash, respectively, upon the earlier of the reporting person's death, disability, separation from the board, sale event (as defined in the Plan) or December 31, 2019. Whole and fractional phantom share units credited to the reporting person's deferred account shall be settled in ordinary shares and cash, respectively, upon the earlier of the reporting person's death, disability, separation from the board, sale event (as defined in the Plan) or December 31, 2021. /s/ Chad Schafer, attorney-in-fact 2020-01-03