4/A: William Monroe Corrects Beneficial Ownership in Nine Energy Service, Inc. (NINE)

William Monroe files an amended Form 4/A to correct the number of shares of Nine Energy Service, Inc. (NINE) common stock beneficially held, following a discovery of an error in the original filing.

Summary

• William Monroe, a director and 10% owner of Nine Energy Service, Inc. (NINE), filed an amended Form 4/A on February 11, 2025, to correct the number of shares of common stock beneficially held.
• The original Form 4, filed on August 7, 2024, contained an error that was discovered on February 10, 2025.
• The corrected filing reports that Monroe directly owns 3,903,000 shares of Nine Energy Service, Inc. common stock.
• On August 6, 2024, Monroe acquired 470,362 shares at a weighted average price of $1.5818 per share, with individual purchases ranging from $1.4823 to $1.7061.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a correction of a previous error, which is a necessary action for compliance, but doesn't inherently indicate positive or negative performance.

Negatives

• The need for an amended filing suggests an initial error in reporting beneficial ownership, which could raise concerns about internal controls.

Risks

• The correction of the filing, while necessary, could temporarily create uncertainty among investors regarding the accuracy of reported insider holdings.

Industry Context

Form 4 filings are standard practice and are required by the SEC to ensure transparency in insider trading activities. Amendments are not uncommon, but they can draw scrutiny.

Stakeholder Impact

• Shareholders may be concerned about the initial error in reporting, but the correction provides more accurate information.

Key Dates

Keywords

Form 4/A, beneficial ownership, Nine Energy Service, NINE, William Monroe, amendment, insider trading