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

David Crombie, Executive Vice President and COO of Nine Energy Service, sold shares to cover tax obligations related to vesting restricted stock.

Summary

• David Crombie, an executive at Nine Energy Service, Inc., sold shares of common stock on May 9, 2025, and May 13, 2025.
• The first sale involved 7,576 shares at a price of $0.678 per share.
• The second sale involved 58,637 shares at a weighted average price of $0.677.
• These sales were non-discretionary and intended to cover tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 9, 2023.
• Following these transactions, Crombie directly owns 240,853 shares of Nine Energy Service, Inc.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (executive share sales for tax purposes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive share sales are a common occurrence, often related to compensation and tax planning. The impact on the stock price is usually minimal unless the sale is substantial or indicative of a larger trend.

Stakeholder Impact

• The share sales may have a minor dilutive effect on existing shareholders, but the impact is likely to be insignificant given the relatively small number of shares involved.

Key Dates

Keywords

Nine Energy Service, David Crombie, share sale, Form 4, restricted stock, tax obligations, executive, NINE