Form 4: Nine Energy Service Executive Sells Shares to Cover Tax Obligations, Receives Restricted Stock

Guy Sirkes, Executive Vice President and CFO of Nine Energy Service, sold shares to cover tax obligations related to vesting restricted stock and received additional restricted stock.

Summary

• Guy Sirkes, an executive at Nine Energy Service, sold 9,196 shares of common stock on May 7, 2025, at a price of $0.649 per share to satisfy tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 7, 2024.
• On May 8, 2025, Sirkes acquired 51,000 shares of restricted stock.
• Following these transactions, Sirkes beneficially owns 193,623 shares of Nine Energy Service common stock.

Sentiment

Score: 6

Explanation: The document reflects routine executive compensation transactions. The sale of shares is offset by the acquisition of restricted stock, indicating a neutral sentiment.

Positives

• The acquisition of 51,000 restricted shares indicates continued alignment of the executive's interests with the company's long-term performance.

Future Outlook

The restricted stock will vest in three equal annual installments on the first three anniversaries of the grant date, suggesting a multi-year commitment from the executive.

Industry Context

Executive compensation in the energy sector often includes stock options and restricted stock to align management interests with shareholder value. This Form 4 filing reflects a routine transaction related to such compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares.

Key Dates

Keywords

Nine Energy Service, Sirkes, Executive Compensation, Restricted Stock, Form 4, Insider Trading, Share Sale