Drilling Tools Intl (DTI) Form 144 Notice of Insider Sale
Rhea-AI Filing Summary
Form 144 notice for Drilling Tools International Corp (DTI) reports a proposed sale of 52,075 common shares through Raymond James & Associates with an aggregate market value of $170,806. The shares represent a small fraction of the 35,660,000 shares outstanding and are scheduled for sale on 09/17/2025. The securities were acquired on 06/20/2023 as equity compensation, totaling 1,470,548 shares acquired on that date, and payment for those shares is recorded as stock shares. No securities were reported sold in the past three months and no additional remarks or material undisclosed information are included in the notice.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider plans to sell a small block of equity-compensated shares; size appears immaterial to capitalization.
The filing shows a proposed sale of 52,075 common shares valued at $170,806 via Raymond James, against 35.66 million shares outstanding, indicating the sale is approximately 0.15% of the outstanding float. The shares were originally acquired as equity compensation on 06/20/2023 (1,470,548 shares acquired that date). There are no reported sales in the past three months, and the filer attests to the absence of undisclosed material information. From a market-impact perspective, the transaction size is small and unlikely to materially affect valuation or liquidity.
TL;DR: The notice documents a routine Rule 144 sale by an insider; disclosure appears complete for a Form 144.
The Form 144 provides required disclosure: issuer identification fields, broker name and address (Raymond James & Associates), number of shares to be sold, aggregate market value, acquisition date and nature (equity compensation on 06/20/2023), and planned sale date (09/17/2025). The filer certifies no material nonpublic information is known. There are no flagged 10b5-1 plan adoption dates or past three-month sales reported, limiting governance concerns. This is a standard insider sale filing with routine compliance elements present.