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

Guy Sirkes, Executive Vice President and CFO of Nine Energy Service, sold 4,282 shares of common stock to cover tax withholding obligations related to vesting restricted stock.

Summary

• On May 9, 2025, Guy Sirkes, Executive Vice President and CFO of Nine Energy Service, Inc. sold 4,282 shares of common stock.
• The sale was executed at a price of $0.678 per share.
• The transaction was non-discretionary and intended to cover tax withholding obligations associated with the vesting of a time-based restricted stock award granted on May 9, 2023.
• Following the transaction, Sirkes directly owns 189,341 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, indicating a neutral 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 a standard transaction to cover tax obligations, which is a common practice.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Nine Energy Service, Insider Trading, Stock Sale, Guy Sirkes, Tax Obligations, Restricted Stock