Drilling Tools (DTI) Insider: Furst Adds Shares, RSUs Vest
Rhea-AI Filing Summary
Insider transactions for Drilling Tools International Corp (DTI): John D. Furst, a director and trustee, reported multiple acquisitions of common stock and restricted stock units received primarily for no cash consideration. On 05/14/2024 he received 18,610 shares and 18,610 RSUs that vested immediately. Pro rata distributions from HHEP Directional, L.P. added 44,300 shares (09/13/2024), 63,939 shares (06/06/2025) and 36,227 shares (09/12/2025). Post-transactions his direct beneficial ownership totals 32,322 shares and indirect holdings via JDF Long Term Trust total at least 144,466 shares; 118,252 shares are noted as held by Oak Stream Investors II, Ltd., of which he disclaims beneficial ownership except pecuniary interest.
Positive
- Material increase in holdings: Multiple non-cash distributions and vested RSUs raised total reported holdings substantially.
- RSU vesting occurred: 18,610 RSUs vested 100% on grant date, with additional RSUs set to vest, aligning insider interests with shareholders.
- Clear disclosure of indirect holdings: Reporting person disclosed trustee role and indirect ownership through JDF Long Term Trust.
Negative
- None.
Insights
TL;DR Insider increased stake via distributions and vested RSUs, modestly raising his direct and indirect ownership in DTI.
The reported transactions are mainly non-cash pro rata distributions and RSU vesting. The immediate vesting of 18,610 RSUs on 05/14/2024 and subsequent receipt of distributed shares materially increase the reporting person's stake without purchase price, which can signal internal alignment with equity value but does not reflect open-market buying pressure. Ownership is held both directly and indirectly through a trust, affecting voting and dispositive power.
TL;DR Director/trustee disclosures clarify voting and dispositive power; a disclaimer limits claimed beneficial ownership in an institutional holder.
Furst identifies himself as trustee of the JDF Long Term Trust and may have voting/dispositive power over those trust-held shares. The Form appropriately discloses an explicit disclaimer regarding shares held by Oak Stream Investors II, Ltd., reducing ambiguity about control claims. Such distinctions are important for governance assessments and for understanding which shares could influence corporate votes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 36,227 | $0.00 | -- |
| Other | Common Stock | 63,939 | $0.00 | -- |
| Exercise | Restricted Stock Units | 13,712 | $0.00 | -- |
| Exercise | Common Stock | 13,712 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 28,626 | $0.00 | -- |
| Other | Common Stock | 44,300 | $0.00 | -- |
| Exercise | Restricted Stock Units | 18,610 | $0.00 | -- |
| Exercise | Common Stock | 18,610 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 44,300 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. 63,939 shares of DTI's common stock received as a result of HHEP Directional, L.P.'s pro rata distribution of shares to its limited partners for no consideration. 36,227 shares of DTI's 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 Drilling Tools International Corporation's common stock. The restricted stock units vested 100% on the grant date. The restricted stock units vest 100% upon the one-year anniversary of the grant date. The restricted stock units vested 100% upon the one-year anniversary of the grant date.
