Form 4: Director Vermillion Reports DTI Stock Distributions

Drilling Tools International Director Charles Richard Vermillion Jr. filed a Form 4 detailing distributions of common stock from MV Partners I, LP and a correction to a prior filing.

Summary

• Charles Richard Vermillion Jr., a Director of Drilling Tools International Corp (DTI), filed a Form 4 reporting changes in beneficial ownership.
• The filing details distributions of Common Stock from MV Partners I, LP to its limited partners and to MV Partners, Inc.
• On November 28, 2025, MV Partners I, LP disposed of 36,000, 144,000, and 39,944 shares of Common Stock, and MV Partners, Inc. acquired 39,944 shares, all at a price of $0.00.
• On December 10, 2025, MV Partners I, LP disposed of an additional 144,000 shares at $0.00, which the filing explains occurred on December 4, 2025.
• A previous Form 4 filed on September 16, 2025, contained a scrivener's error, understating MV Partners I, LP's beneficial ownership by 300 shares, which has been corrected in this filing.
• Mr. Vermillion is the sole owner and Chairman of the Board of Directors of MV Partners, Inc., the general partner of MV Partners I, LP, and disclaims beneficial ownership of shares held by MV Partners beyond his pecuniary interests.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports routine distributions of shares from an investment vehicle and a correction of a minor error, without indicating any direct buying or selling for value by the insider.

Positives

• Correction of a prior scrivener's error demonstrates transparency in reporting.

Management Comments

• Mr. Vermillion disclaims any beneficial ownership of any shares of Common Stock held by MV Partners, other than his pecuniary interests therein.

Related Party Transactions

• Distributions of shares from MV Partners I, LP, where the reporting person (Charles Richard Vermillion Jr.) is the sole owner and Chairman of the Board of Directors of MV Partners, Inc., the general partner of MV Partners I, LP.

Stakeholder Impact

• Shareholders: The distributions represent a change in indirect beneficial ownership structure for a director, but do not directly impact the company's outstanding shares or market capitalization as they are transfers, not new issuances or repurchases.

Key Dates

Recommendation

This Form 4 reports distributions of shares from an investment vehicle and a minor correction, not open market sales or purchases for value. As such, it provides no direct signal for a 'buy' or 'sell' recommendation. The transactions are largely administrative in nature, reflecting a change in indirect ownership structure rather than a change in the insider's investment conviction in the company. Therefore, a 'hold' recommendation is appropriate as the filing does not present new information that would alter an existing investment thesis.

Keywords

Drilling Tools International, DTI, Charles Richard Vermillion Jr., Form 4, Insider Transaction, Stock Distribution, Beneficial Ownership, SEC Filing, Corporate Governance