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

Theodore R. Moore, Senior Vice President, General Counsel, and Secretary of Nine Energy Service, Inc., sold shares to cover tax obligations related to vesting restricted stock.

Summary

• On August 12, 2024, Theodore R. Moore, a Senior Vice President, General Counsel, and Secretary at Nine Energy Service, Inc., sold 9,594 shares of common stock at a price of $1.358 per share.
• The sale was non-discretionary and intended to cover tax withholding obligations related to the vesting of a time-based restricted stock award granted on August 9, 2021.
• Following the transaction, Moore directly owns 180,936 shares of Nine Energy Service, Inc.
• Additionally, 189 shares were transferred to Moore's ex-spouse since the last ownership report.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company, but the market may react to insider selling activity.

Related Party Transactions

• Transfer of 189 shares of common stock to the reporting person's ex-spouse.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares sold.

Key Dates