Form 4: Nine Energy Service CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Guy Sirkes, CFO of Nine Energy Service, sold 3,909 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On May 3, 2024, Guy Sirkes, the Senior Vice President and Chief Financial Officer of Nine Energy Service, Inc. (NINE), sold 3,909 shares of the company's common stock.
- The shares were sold at a price of $2.25 per share.
- This transaction was a non-discretionary sale to satisfy tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 3, 2022.
- Following the transaction, Sirkes directly owns 114,009 shares of Nine Energy Service, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation and are not necessarily indicative of a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 05/03/2022 | Date of the time-based restricted stock award grant. |
| 05/03/2024 | Date of the stock sale transaction. |
| 05/07/2024 | Date of the Form 4 filing. |
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