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

Theodore R. Moore, Executive Vice President and General Counsel of Nine Energy Service, Inc., sold shares of common stock to satisfy tax withholding obligations related to vesting restricted stock.

Summary

• Theodore R. Moore, an Executive Vice President at Nine Energy Service, Inc. (NINE), reported the sale of company stock on May 9, 2025, and May 12, 2025.
• On May 9, 2025, 4,203 shares of common stock were sold at a price of $0.678 per share.
• On May 12, 2025, 38,017 shares were sold at a weighted average price of $0.73, with prices ranging from $0.708 to $0.745.
• These sales were non-discretionary and intended to cover tax withholding obligations associated with the vesting of a time-based restricted stock award granted on May 9, 2023.
• Following these transactions, Moore directly owns 148,403 shares of Nine Energy Service, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Insider sales are a common occurrence, especially to cover tax obligations related to stock-based compensation. The market typically views these sales differently than discretionary sales, as they are often pre-planned and necessary.

Stakeholder Impact

• The sale of shares may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates

Keywords

Form 4, Nine Energy Service, Insider Trading, Stock Sale, Theodore R. Moore, NINE