Trust tied to Drilling Tools (NYSE: DTI) receives 281,665 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drilling Tools International Corp director Jack D. Furst reported an internal restructuring of his holdings. A trust he serves as trustee, JDF Long Term Trust, received 281,665 shares of common stock through a pro rata, no‑consideration distribution from HHEP Directional, L.P., bringing the trust’s reported holdings to 458,737 shares held indirectly.
Furst also reports 32,322 common shares held directly and 118,252 common shares held indirectly by Oak Stream Investors II, Ltd., for which he disclaims beneficial ownership beyond his pecuniary interest. He holds restricted stock units that vest 100% on May 13, 2026, each representing one common share, and fully vested stock options originally covering 250,000 shares of Legacy Drilling Tools International Holdings at an exercise price of $0.85 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
FURST JACK D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 281,665 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 458,737 shares (Indirect, by JDF Long Term Trust);
Restricted Stock Units — 0 shares (Direct);
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 32,322 shares (Direct)
Footnotes (1)
- 281,665 shares of Drilling Tools International Corporation's (DTI") common stock received as a result of HHEP Directional, L.P.'s pro rata distribution of shares to its limited partners for no consideration. The Reporting Person is the trustee of JDF Long Term Trust ("JDF"). The Reporting Person may be deemed to have voting power and dispositive power over the shares held by JDF. The Reporting Person disclaims any beneficial ownership of any shares of common stock held by Oak Stream Investors II, Ltd., other than his pecuniary interest therein. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units vest 100% on May 13, 2026, the one-year anniversary of the grant date. All shares of common stock subject to stock options held by the Reporting Person are vested. The stock options were received in exchange for stock options to purchase 250,000 shares of common stock of Drilling Tools International Holdings, Inc. ("Legacy DTI") for $0.85 per share in connection with the Issuer's business combination with Legacy DTI.
Key Figures
Trust distribution: 281,665 shares
JDF Long Term Trust holdings: 458,737 shares
Direct common stock: 32,322 shares
+3 more
6 metrics
Trust distribution
281,665 shares
Common stock received by JDF Long Term Trust via pro rata distribution
JDF Long Term Trust holdings
458,737 shares
Indirect DTI common stock held after the reported distribution
Direct common stock
32,322 shares
DTI common stock held directly by Jack D. Furst
Oak Stream indirect shares
118,252 shares
DTI common stock held indirectly by Oak Stream Investors II, Ltd.
Legacy DTI options
250,000 shares
Stock options originally for Legacy DTI at $0.85 per share
Legacy option strike price
$0.85/share
Exercise price on exchanged Legacy DTI stock options
Key Terms
pro rata distribution, beneficial ownership, pecuniary interest, restricted stock unit, +1 more
5 terms
pro rata distribution financial
"received as a result of HHEP Directional, L.P.'s pro rata distribution of shares"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
beneficial ownership financial
"The Reporting Person disclaims any beneficial ownership of any shares of common stock held by Oak Stream Investors II, Ltd."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"other than his pecuniary interest therein"
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
stock options financial
"All shares of common stock subject to stock options held by the Reporting Person are vested."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
FAQ
What insider transaction did DTI director Jack D. Furst report on this Form 4?
Director Jack D. Furst reported an internal restructuring where JDF Long Term Trust received 281,665 DTI common shares via a pro rata distribution from HHEP Directional, L.P. for no consideration, increasing the trust’s indirect holdings to 458,737 shares.
What indirect DTI holdings are reported through Oak Stream Investors II, Ltd.?
The filing shows 118,252 DTI common shares held indirectly through Oak Stream Investors II, Ltd. Jack D. Furst disclaims beneficial ownership of these shares except for his pecuniary interest, meaning his economic stake is recognized without full beneficial ownership attribution.
What stock options for Drilling Tools International are reported in this Form 4?
The Form 4 notes fully vested stock options received in exchange for options on 250,000 Legacy DTI shares at an exercise price of $0.85 per share. These options were adjusted in connection with Drilling Tools International’s business combination with Legacy DTI.
Does this DTI Form 4 show any open-market insider buying or selling?
The Form 4 does not report open-market purchases or sales. Instead, it details an internal restructuring: a pro rata share distribution to JDF Long Term Trust, indirect holdings through an investment entity, and the status of restricted stock units and vested stock options.