Form 4: Nine Energy Service Executive Vice President Sells Shares
SEC Form 4 Filing
David Crombie, Executive Vice President and Chief Operating Officer of Nine Energy Service, sold 21,796 shares of common stock on May 9, 2024.
Summary
- On May 9, 2024, David Crombie, the Executive Vice President and Chief Operating Officer of Nine Energy Service, sold 21,796 shares of common stock.
- The shares were sold at a weighted average price of $1.952 per share.
- Following the transaction, Crombie directly owns 332,553 shares of Nine Energy Service.
- The sale was executed under a prearranged 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the market may interpret insider sales in various ways.
Industry Context
Insider sales are common and can be for various reasons, including diversification or personal financial planning. It's important to consider the overall context of insider transactions and company performance.
Stakeholder Impact
- Shareholders may react to the insider sale, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of the stock sale transaction |
| 05/10/2024 | Date of signature on the Form 4 filing |
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