Drilling Tools International (NYSE: DTI) director updates indirect holdings
Rhea-AI Filing Summary
Drilling Tools International Corp. director John D. Furst reported changes in his indirect ownership of company stock as of December 10, 2025. A trust for which he serves as trustee, JDF Long Term Trust, received 32,606 shares of common stock at a stated price of $0, described as a pro rata distribution from HHEP Directional, L.P. to its limited partners for no consideration. After this, the trust held 177,072 shares of Drilling Tools International common stock indirectly for his benefit.
The filing also shows 118,252 shares of common stock indirectly held through Oak Stream Investors II, Ltd., for which Furst disclaims beneficial ownership beyond his pecuniary interest. On the derivative side, he reports restricted stock units that each represent one share of common stock and vest 100% on May 13, 2026, as well as fully vested stock options originally received in exchange for options in Drilling Tools International Holdings, Inc. connected to the company’s prior business combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 32,606 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 32,606 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.
FAQ
What insider transaction did DTI director John D. Furst report?
John D. Furst reported that JDF Long Term Trust, for which he is trustee, received 32,606 shares of Drilling Tools International Corp. (DTI) common stock on December 10, 2025 through a pro rata distribution from HHEP Directional, L.P. for no consideration.
What stock options in DTI does John D. Furst report on this Form 4?
The filing notes that all shares of common stock subject to stock options held by John D. Furst are vested. These options were received in exchange for options to purchase 250,000 shares of Drilling Tools International Holdings, Inc. common stock at $0.85 per share in connection with the company’s business combination with Legacy DTI.