Form 4: Nine Energy Service CFO Sells Shares to Cover Tax Obligations

Guy Sirkes, CFO of Nine Energy Service, sold 4,586 shares of common stock to cover tax withholding obligations related to vesting restricted stock.

Summary

• On May 3, 2025, Guy Sirkes, the Executive Vice President and Chief Financial Officer of Nine Energy Service, Inc. (NINE), sold 4,586 shares of common stock.
• The sale was executed at a price of $0.829 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 151,819 shares of Nine Energy Service, Inc.
• Additionally, 561 shares were transferred to his ex-spouse since his last ownership report.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the reason for the sale (tax obligations) is a common and generally accepted practice.

Key Dates

Keywords

Form 4, Nine Energy Service, NINE, Insider Trading, Guy Sirkes, CFO, Stock Sale, Tax Obligations, Restricted Stock