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

Ann G. Fox, a director and officer of Nine Energy Service, Inc., sold 10,239 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

• On May 3, 2024, Ann G. Fox, a director and officer of Nine Energy Service, Inc., sold 10,239 shares of common stock at a price of $2.25 per share.
• The sale was executed to satisfy tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 3, 2022.
• Following the transaction, Fox directly owns 498,544 shares of Nine Energy Service, Inc.
• The transaction was reported on a Form 4 filing with the Securities and Exchange Commission (SEC) on May 7, 2024.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover tax obligations). It doesn't contain information that would significantly impact sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations are a routine part of equity compensation for executives and directors. This transaction is not necessarily indicative of the director's sentiment about the company's future prospects.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates