DNOW Inc. (DNOW) VP Raymond Chang exercises 76,238 options and sells common shares
Rhea-AI Filing Summary
DNOW Inc. officer Raymond W. Chang, VP and General Counsel, reported an option exercise-and-sale sequence in DNOW common stock on 2026-08-10. He exercised 43,621 non-qualified stock options at an exercise price of $9.53 per share and 32,617 options at $10.26 per share, receiving the same number of DNOW common shares. He then sold 43,621 and 32,617 common shares, respectively, at a sale price of $16.98 per share. The filing’s Rule 10b5-1 checkbox is unchecked, and no post-transaction share holdings are reported in this form.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 76,238 shares ($544K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Chang Raymond W
Role
VP and General Counsel
Sold
76,238 shs ($1.29M)
Approx. gross sale proceeds
$1.29M
Approx. exercise cost
$750K
Approx. pre-tax spread
$544K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) F1 | 43,621 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (Right to Buy) F2 | 32,617 | $0.00 | $0.00 |
| Exercise | Common stock | 43,621 | $9.53 | $416K |
| Sale | Common stock | 43,621 | $16.98 | $741K |
| Exercise | Common stock | 32,617 | $10.26 | $335K |
| Sale | Common stock | 32,617 | $16.98 | $554K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 shares (Direct);
Common stock — 360,388 shares (Direct)
Footnotes (2)
- F1. Options vest in three (3) equal installments commencing on the date indicated.
- F2. Options vest in three (3) equal installments commencing on the date indicated.
Key Figures
Options exercised: 76,238 shares
Exercise price block 1: $9.53 per share
Exercise price block 2: $10.26 per share
+3 more
6 metrics
Options exercised
76,238 shares
Total non-qualified stock options exercised on 2026-08-10
Exercise price block 1
$9.53 per share
Exercise price for 43,621 non-qualified stock options
Exercise price block 2
$10.26 per share
Exercise price for 32,617 non-qualified stock options
Shares sold
76,238 shares
Total DNOW common shares sold on 2026-08-10
Sale price
$16.98 per share
Reported sale price for DNOW common stock
Derivative transactions
2 transactions
Number of option exercise transactions (code M)
Key Terms
Non-Qualified Stock Option (Right to Buy), derivative security, exercise price
3 terms
Non-Qualified Stock Option (Right to Buy) financial
"security_title: Non-Qualified Stock Option (Right to Buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"conversion_or_exercise_price: 9.5300"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did DNOW (DNOW) executive Raymond W. Chang report in this Form 4?
Raymond W. Chang reported exercising 76,238 stock options and selling the same number of DNOW common shares on 2026-08-10, reflecting an exercise-and-immediate-sale transaction sequence.
What option exercise prices were reported in Raymond W. Chang’s DNOW (DNOW) Form 4?
He exercised 43,621 options at $9.53 per share and 32,617 options at $10.26 per share, each option converting into one share of DNOW common stock in the reported transactions.
Were Raymond W. Chang’s DNOW (DNOW) transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is unchecked, indicating these transactions were not affirmatively reported as executed pursuant to a Rule 10b5-1 trading plan or similar pre-arranged plan.
What type of securities did Raymond W. Chang hold and exercise in DNOW (DNOW)?
He held Non-Qualified Stock Options (Right to Buy), which he exercised into DNOW common stock. The options had exercise prices of $9.53 and $10.26 per share and later-expiring dates in 2027 and 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
