[Form 4] DAWSON GEOPHYSICAL CO Insider Trading Activity

Rhea-AI Filing Summary

Dawson Geophysical (DWSN) disclosed a Form 4 showing CEO & President William Anthony Clark received 150,000 shares as a restricted stock unit grant on 10/27/2025 at a price of $0 under the Amended and Restated 2016 Stock and Performance Incentive Plan. The RSUs will vest in three equal annual installments beginning in October 2026.

Following this award, Clark beneficially owns 151,850 shares, held directly.

Insights

Governance & Compensation Analyst

Routine RSU grant to CEO; neutral governance event.

Dawson Geophysical reported a CEO equity award of 150,000 RSUs at $0 grant price on 10/27/2025, under its 2016 plan. RSUs vest in three equal annual tranches beginning in October 2026, aligning compensation with continued service and future performance periods.

The filing lists post‑grant beneficial ownership at 151,850 shares, directly held. This is a standard executive compensation action; actual dilution and value realization depend on vesting and future share delivery terms.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Clark William Anthony

(Last) (First) (Middle)

508 W. WALL STREET, SUITE 800

(Street)

MIDLAND TX 79701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DAWSON GEOPHYSICAL CO [ DWSN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Dawson Geophysical Company-Common Stock $0.01 par value	10/27/2025		A		150,000(1)	A	$0	151,850	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects restricted stock units granted to the reporting person under the Amended and Restated Dawson Geophysical Company 2016 Stock and Performance Incentive Plan. Each restricted stock unit represents the contingent right to receive one share of the Issuer's Class A common stock, par value $0.01 per share, and will vest in three equal annual installments beginning in October 2026.

	/s/ William Anthony Clark	10/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Dawson Geophysical (DWSN) disclose in this Form 4?

The CEO & President, William Anthony Clark, was granted 150,000 RSUs on 10/27/2025 at a price of $0.

How many shares does the DWSN CEO beneficially own after the grant?

Following the reported transaction, he beneficially owns 151,850 shares, held directly.

What is the vesting schedule for the 150,000 RSUs at DWSN?

They vest in three equal annual installments beginning in October 2026.

Under which plan were the RSUs granted at Dawson Geophysical?

They were granted under the Amended and Restated 2016 Stock and Performance Incentive Plan.

What transaction code and price were reported for the DWSN RSU grant?

Transaction code A (grant/acquisition) at a reported price of $0.

Who is the reporting person in this DWSN Form 4?

William Anthony Clark, CEO & President of Dawson Geophysical.