SCHEDULE: Jeffrey Gendell Discloses 5.2% Stake in Drilling Tools

Jeffrey L. Gendell, through Tontine entities, has disclosed a 5.2% beneficial ownership stake in Drilling Tools International Corporation, totaling 1,849,553 shares.

Summary

• Jeffrey L. Gendell reported beneficial ownership of 1,849,553 shares of Common Stock in Drilling Tools International Corporation.
• This ownership represents 5.2% of the company's outstanding Common Stock.
• The shares are held through Tontine Financial Partners, L.P. (1,757,893 shares) and Tontine Capital Overseas Master Fund II, L.P. (91,660 shares).
• Mr. Gendell serves as Managing Member of the general partners for both Tontine entities, granting him shared voting and dispositive power over the shares.
• The filing certifies that the securities were not acquired for the purpose of changing or influencing control of the issuer.
• The percentage of ownership is calculated based on 35,661,297 shares of Common Stock outstanding as of August 14, 2025, as reported in the company's Quarterly Report on Form 10-Q.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of beneficial ownership. While neutral in itself, a significant stake by an institutional investor can be interpreted as a mild positive signal of confidence in the company.

Positives

• A significant stake by an institutional investor like Jeffrey L. Gendell and his associated funds can be perceived as a signal of confidence in the company's long-term prospects.
• The filing explicitly states the stake is not for the purpose of changing or influencing control, indicating a passive investment intent.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially influencing market perception and trading activity.

Key Dates

Keywords

Drilling Tools International Corporation, Jeffrey L. Gendell, Tontine Financial Partners, Tontine Capital Overseas Master Fund II, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Oil & Gas Services