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

Ann G. Fox, a director and executive officer at Nine Energy Service, Inc., sold 11,292 shares of common stock to cover tax obligations related to vesting restricted stock.

Summary

• On May 3, 2025, Ann G. Fox, a Director and the President and CEO of Nine Energy Service, Inc., sold 11,292 shares of common stock at a price of $0.829 per share.
• The sale was executed to satisfy tax withholding obligations associated with the vesting of a time-based restricted stock award granted on May 3, 2022.
• Following the transaction, Fox directly owns 549,714 shares of Nine Energy Service, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't indicate a change in the executive's overall confidence in the company.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with vesting restricted stock units. It is a common practice and doesn't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.

Key Dates

Keywords

Form 4, Nine Energy Service, Insider Trading, Stock Sale, Executive Compensation, Tax Obligations, Restricted Stock, Ann G. Fox