Dawson Geophysical (DWSN) COO receives 150-share stock grant in Form 4

Rhea-AI Filing Summary

Mays Ray L reported acquisition or exercise transactions in this Form 4 filing.

Dawson Geophysical Co EVP & Chief Operating Officer Ray L. Mays received a stock grant of 150 shares of Dawson Geophysical Company common stock on June 30, 2026. The award was recorded at a price of $0.00 per share, indicating a compensation-related grant rather than an open-market purchase. Following this grant, Mays directly holds 108,650 common shares, showing a modest increase in his equity stake in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mays Ray L

Role EVP & Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Dawson Geophysical Company-Common Stock $0.01 par value	150	$0.00	--

Holdings After Transaction: Dawson Geophysical Company-Common Stock $0.01 par value — 108,650 shares (Direct, null)

Footnotes (1)

Key Figures

Stock grant size: 150 shares Grant price per share: $0.00 per share Shares owned after grant: 108,650 shares +2 more

5 metrics

Stock grant size 150 shares Non-derivative equity award to Ray L. Mays on June 30, 2026

Grant price per share $0.00 per share Indicates compensation-related grant, not open-market purchase

Shares owned after grant 108,650 shares Direct holdings of Ray L. Mays following the transaction

Acquisition transactions reported 1 transaction Single grant, award, or other acquisition coded as A

Net buy/sell direction Neutral (0 shares net) No open-market buys or sells; only a grant reported

Key Terms

Grant, award, or other acquisition, Dawson Geophysical Company-Common Stock $0.01 par value, Form 4, direct ownership

4 terms

Grant, award, or other acquisition financial

"The transaction code description is “Grant, award, or other acquisition.”"

Dawson Geophysical Company-Common Stock $0.01 par value financial

"The security title is “Dawson Geophysical Company-Common Stock $0.01 par value.”"

Form 4 regulatory

"The insider transaction is disclosed in a Form 4 insider report."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

direct ownership financial

"The filing classifies Ray L. Mays’s holdings as direct ownership with code D."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:01 PM Accepted by SEC EDGAR 07/01/2026 - 04:01 PM Learn about SEC filing dates

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^*

Mays Ray L

(Last) (First) (Middle)

508 W WALL STREET SUITE 800

(Street)

MIDLAND TEXAS 79701

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	EVP & Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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	06/30/2026		A		150	A	$0	108,650	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:

	/s/ Ray Mays	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did DWSN executive Ray L. Mays report on this Form 4?

Ray L. Mays reported receiving a grant of 150 shares of Dawson Geophysical common stock. The transaction is classified as a “Grant, award, or other acquisition,” reflecting routine equity compensation rather than an open-market trade, and modestly increases his direct ownership position.

How many DWSN shares does Ray L. Mays hold after the reported transaction?

After the stock grant, Ray L. Mays holds 108,650 shares of Dawson Geophysical common stock directly. This figure reflects his ownership following the 150-share award recorded on June 30, 2026, and indicates his continuing equity stake as a senior executive.

Was the DWSN Form 4 transaction an open-market buy or a compensation grant?

The transaction was a compensation grant, not an open-market buy. It is coded as a grant, award, or other acquisition with a price of $0.00 per share, indicating shares were awarded to Ray L. Mays as part of his executive compensation package.

What does transaction code A mean in the DWSN Form 4 for Ray L. Mays?

Transaction code A on this Form 4 denotes a “Grant, award, or other acquisition” of shares. For Ray L. Mays, it reflects an equity compensation award of 150 common shares, rather than a purchase or sale executed in the open market.

Does the DWSN Form 4 for Ray L. Mays involve any derivative securities?

The filing does not report any derivative securities for this transaction. The derivative summary is empty, and the only reported activity is a non-derivative grant of 150 common shares, leaving no additional options or similar instruments disclosed in this specific Form 4.