DTI director awarded 23,438 restricted stock units
FURST JACK D reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
FURST JACK D reported acquisition or exercise transactions in this Form 4 filing.
Drilling Tools International Corp director Jack D. Furst received a grant of 23,438 restricted stock units of common stock. Each unit represents a contingent right to one share and vests 100% on April 29, 2027, the one-year anniversary of the grant date.
After these updates, reported holdings include 32,322 shares of common stock held directly, 458,737 shares held indirectly through the JDF Long Term Trust where he may be deemed to have voting and dispositive power, and 118,252 shares held by Oak Stream Investors II, Ltd., where he disclaims beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
Grant/Award: 23,438 shares
Grant/Award
6 txns
Insider
FURST JACK D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 23,438 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 23,438 contracts for 0 underlying shares (Direct);
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 458,737 shares (Indirect, by JDF Long Term Trust);
Common Stock — 32,322 shares (Direct);
Common Stock — 118,252 shares (Indirect, by Oak Stream Investors II, Ltd.)
Footnotes (5)
- F1. 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.
- F2. 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.
- F3. 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 April 29, 2027, the one-year anniversary of the grant date.
- F4. 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.
- F5. 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
RSU grant size: 23,438 units
RSU vesting date: April 29, 2027
Direct common stock holdings: 32,322 shares
+4 more
7 metrics
RSU grant size
23,438 units
Restricted stock units granted on April 29, 2026
RSU vesting date
April 29, 2027
New RSU grant vests 100% on this date
Direct common stock holdings
32,322 shares
Shares of Drilling Tools International common stock held directly
JDF Long Term Trust holdings
458,737 shares
Common stock held indirectly via JDF Long Term Trust
Oak Stream Investors II holdings
118,252 shares
Common stock held by Oak Stream Investors II, Ltd.
Legacy DTI option reference
250,000 shares at $0.85
Legacy DTI options exchanged in prior business combination
Additional RSU vesting date
May 13, 2026
Another RSU grant vests 100% on this date
Key Terms
Restricted Stock Units, pecuniary interest, beneficial ownership, voting power and dispositive power, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pecuniary interest financial
"disclaims any beneficial ownership... other than his pecuniary interest therein"
beneficial ownership financial
"The Reporting Person disclaims any beneficial ownership of any shares of common stock"
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.
voting power and dispositive power financial
"may be deemed to have voting power and dispositive power over the shares"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DTI director Jack D. Furst report on this Form 4?
Jack D. Furst reported receiving a grant of 23,438 restricted stock units in Drilling Tools International Corp. Each unit represents a contingent right to one share of common stock that vests in full on April 29, 2027, the one-year anniversary of the grant date.
When do Jack D. Furst’s new DTI restricted stock units vest?
The newly granted 23,438 restricted stock units vest 100% on April 29, 2027. According to the filing, each restricted stock unit converts into one share of Drilling Tools International common stock on that vesting date, assuming all vesting conditions are satisfied.
What does the Form 4 say about Jack D. Furst’s DTI stock options?
A footnote explains that all DTI common shares subject to stock options held by Jack D. Furst are vested. These options were received in exchange for options to purchase 250,000 shares of Legacy DTI common stock at $0.85 per share in connection with a prior business combination.
Are Jack D. Furst’s new DTI restricted stock units his only RSU position?
The Form 4 describes the new 23,438-unit RSU grant vesting on April 29, 2027 and references another RSU grant vesting May 13, 2026. Each restricted stock unit from these awards represents a contingent right to receive one share of Drilling Tools International common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
