Form 4: Patterson Uti Energy Director Sells Shares
Insider Transaction (Form 4)
Robert Wayne Drummond Jr, a Director of Patterson Uti Energy Inc, sold 200,000 shares of common stock on September 1, 2026 for $12.85 per share.
Summary
- Open-market sale: disposed of 1,605 Common Stock at $12.85 ($20,624) on September 1, 2026; holds 1,127,168 after (Direct).
- Open-market sale: disposed of 198,395 Common Stock at $12.85 ($2,549,376) on September 2, 2026; holds 928,773 after (Direct).
Sentiment
Score: 3
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $2,570,000 of stock on the open market.
Insider Transactions
Robert Wayne Drummond Jr — Director
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-01 | Open-market sale | Common Stock | 1,605 | $13 | $20.6K | 1,127,168 |
| 2026-09-02 | Open-market sale | Common Stock | 198,395 | $13 | $2.5M | 928,773 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-01 | Open-market sale (1,605 shares) |
| 2026-09-02 | Open-market sale (198,395 shares) |
Keywords
insider transaction, Form 4, PTEN, PATTERSON UTI ENERGY INC, bearish, Robert Wayne Drummond Jr
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