Form 4: Nine Energy Service Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Theodore R. Moore, Executive Vice President and General Counsel of Nine Energy Service, sold shares to cover tax obligations related to vesting restricted stock.
Summary
- Theodore R. Moore, an executive at Nine Energy Service, Inc., sold 4,502 shares of common stock on May 3, 2025.
- The sale was executed at a price of $0.829 per share.
- This transaction was a non-discretionary sale to cover tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 3, 2022.
- Following the transaction, Moore directly owns 149,658 shares of Nine Energy Service, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock are a common practice among corporate executives and do not necessarily reflect a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 05/03/2022 | Date of the time-based restricted stock award grant. |
| 05/03/2025 | Date of the stock sale transaction. |
| 05/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Nine Energy Service, NINE, Theodore R. Moore, Executive Vice President, General Counsel, Stock Sale, Restricted Stock, Tax Obligations, Beneficial Ownership
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