Form 4: Nine Energy Service Director Ernie L. Danner Reports Acquisition of Restricted Stock

Director Ernie L. Danner reported acquiring 72,116 shares of restricted stock in Nine Energy Service, Inc. on May 7, 2024, vesting on May 7, 2025.

Summary

• On May 7, 2024, Ernie L. Danner, a director of Nine Energy Service, Inc., acquired 72,116 shares of common stock.
• These shares are restricted stock and will vest on May 7, 2025.
• The acquisition was a direct transaction.
• Following the transaction, Mr. Danner directly owns 216,572 shares of common stock.
• Mr. Danner also indirectly owns 36,403 shares through Autumn Plecher, LP, of which he owns 100%.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director. The acquisition itself could be interpreted as a positive sign of confidence, but the document is primarily informational.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.

Stakeholder Impact

• The acquisition of shares by a director may positively influence shareholder sentiment.

Key Dates