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

David Crombie, Executive Vice President and COO of Nine Energy Service, sold 8,116 shares of common stock to cover tax withholding obligations related to vesting restricted stock.

Summary

• On May 3, 2025, David Crombie, Executive Vice President and Chief Operating Officer of Nine Energy Service, Inc., sold 8,116 shares of common stock.
• The sale was executed at a price of $0.829 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 3, 2022.
• Following the transaction, Crombie directly owns 229,961 shares of Nine Energy Service, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment about the company's prospects.

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, as it's often a planned part of an executive's financial strategy.

Stakeholder Impact

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

Key Dates

Keywords

Nine Energy Service, David Crombie, stock sale, Form 4, executive compensation, restricted stock, tax withholding, NINE