AQUA Evoqua Water Technologies Corp

FORM 4 ☒ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Stas Benedict J.	2. Issuer Name and Ticker or Trading Symbol Evoqua Water Technologies Corp. [ AQUA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) EVP, CFO & Treasurer
(Last)          (First)          (Middle) EVOQUA WATER TECHNOLOGIES CORP., 210 SIXTH AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 5/24/2023
(Street) PITTSBURGH, PA 15222	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)	Rule 10b5-1(c) Transaction Indication ☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	5/24/2023		A		42413 (1)	A	$0	285326	D
Common Stock	5/24/2023		D		285326	D	(2)	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$4.64	5/24/2023		D			200000	(3)(4)	4/6/2025	Common Stock	200000.0	(5)	0	D
Stock Option (Right to Buy)	$7.42	5/24/2023		D			8464	(3)(4)	10/28/2026	Common Stock	8464.0	(5)	0	D
Stock Option (Right to Buy)	$20.88	5/24/2023		D			78739	(3)(4)	4/2/2028	Common Stock	78739.0	(5)	0	D
Stock Option (Right to Buy)	$12.67	5/24/2023		D			90909	(3)(4)	2/14/2029	Common Stock	90909.0	(5)	0	D
Stock Option (Right to Buy)	$23.63	5/24/2023		D			74319	(4)(6)	2/14/2030	Common Stock	74319.0	(5)	0	D
Stock Option (Right to Buy)	$24.76	5/24/2023		D			55692	(4)(7)	2/16/2031	Common Stock	55692.0	(5)	0	D

Explanation of Responses:
(1)	Represents performance share units ("PSUs") that became earned (at target award level) pursuant to the merger agreement among Xylem Inc., Fore Merger Sub, Inc. and the issuer, dated as of Jan. 22, 2023, upon effectiveness of the merger on May 24, 2023.
(2)	Disposed of pursuant to the merger agreement. Upon effectiveness of the merger, (i) each issued and outstanding share of issuer common stock was exchanged for 0.48 Xylem common shares, with cash paid in lieu of fractional shares, and (ii) unvested restricted stock units ("RSUs") and PSUs (at target award level) were converted into RSUs relating to Xylem common shares, by multiplying the number of shares of issuer common stock underlying the award and 0.48, rounded down to the nearest whole share.
(3)	This option is fully vested.
(4)	Pursuant to the merger agreement, outstanding options for issuer common stock were assumed by Xylem and converted into options for Xylem common shares, in an amount equal to the number of shares of issuer common stock underlying the options multiplied by 0.48, rounded down to the nearest whole share.
(5)	Pursuant to the merger agreement, the Xylem option exercise price is equal to the issuer option exercise price divided by 0.48, rounded up to the nearest whole cent.
(6)	This option vests in four equal annual installments starting on Jan. 1, 2021.
(7)	This option vests in four equal annual installments starting on Feb. 16, 2022.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Stas Benedict J. EVOQUA WATER TECHNOLOGIES CORP. 210 SIXTH AVENUE PITTSBURGH, PA 15222			EVP, CFO & Treasurer

Signatures
/s/ John DiMascio, Attorney-in-Fact for Benedict J. Stas		5/26/2023
**Signature of Reporting Person		Date

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