4/A: Patterson-UTI Energy Director Amends Filing After Incorrectly Reporting Share Sale
SEC Form 4/A (Amendment)
James Carl Stewart, a director at Patterson-UTI Energy, filed an amended Form 4 to correct the source of a sale of 80,000 shares, clarifying they were sold by JCS Partners LP, not directly by the reporting person.
Summary
- James Carl Stewart, a director of Patterson-UTI Energy Inc. (PTEN), filed an amended Form 4 with the SEC.
- The amendment corrects an error in the original filing from December 20, 2024, regarding the sale of 80,000 shares of common stock.
- The original filing incorrectly stated that the shares were sold directly by Stewart, whereas they were actually sold by JCS Partners LP, a limited partnership over which Stewart exercises ownership and control.
- The sale occurred on December 18, 2024, at a weighted average price of $7.36 per share.
- Following the transaction, Stewart directly owns 112,438 shares and indirectly owns 1,197,254 shares through JCS Partners LP.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to insider trading activities, which are common in publicly traded companies. It provides transparency into the transactions of company insiders and their potential impact on the stock's price and investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/06/2023 | Date of filing of limited power of attorney with the SEC. |
| 12/18/2024 | Date of the share sale transaction. |
| 12/20/2024 | Date of the original Form 4 filing. |
| 03/11/2025 | Date of the amended Form 4/A filing. |
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