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

Luz S. Brett, Senior Vice President and Chief Accounting Officer of Nine Energy Service, Inc., sold shares to cover tax obligations related to vesting restricted stock.

Summary

• On May 9, 2025, Luz S. Brett, Senior Vice President and Chief Accounting Officer of Nine Energy Service, Inc., sold 1,531 shares of common stock at a price of $0.678 per share.
• The sale was non-discretionary and intended to satisfy tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 9, 2023.
• Following the transaction, Brett directly owns 108,484 shares of Nine Energy Service, Inc.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by an executive could have a marginal negative impact on shareholder confidence, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Form 4, Nine Energy Service, Stock Sale, Insider Trading, Luz S. Brett, Tax Obligations, Restricted Stock, NINE