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 May 9, 2024, Theodore R. Moore, a Senior Vice President, General Counsel and Secretary at Nine Energy Service, Inc. (NINE), sold 3,912 shares of common stock.
• The sale was executed at a price of $1.974 per share.
• This transaction was a non-discretionary sale to satisfy tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 9, 2023.
• Following the transaction, Moore directly owns 202,541 shares of Nine Energy Service, Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Insider sales are a common occurrence, especially to cover tax obligations related to stock-based compensation. The sale itself doesn't necessarily indicate a negative outlook on the company, but it's a transaction investors often monitor.

Stakeholder Impact

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

Key Dates