FET (NYSE: FET) CFO settles stock units and surrenders shares for tax

Rhea-AI Filing Summary

Forum Energy Technologies EVP and CFO David Lyle Jr. reported multiple equity award transactions dated February 17, 2026. Restricted stock units granted on February 17, 2023 vested and previously certified performance restricted stock units settled into shares of common stock at a conversion price of $0.00 per share.

To cover related tax obligations, Lyle surrendered portions of the newly issued common shares in several tax-withholding dispositions at $50.59 per share. Following these equity award settlements and tax withholdings, he directly owned 128,765 shares of Forum Energy Technologies common stock.

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

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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^*

Williams David Lyle Jr.

(Last) (First) (Middle)

10344 SAM HOUSTON PARK DRIVE

SUITE 300

(Street)

HOUSTON TX 77064

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FORUM ENERGY TECHNOLOGIES, INC. [ FET ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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
Common Stock	02/17/2026		M		6,835(1)	A	$0	95,368	D
Common Stock	02/17/2026		F		2,689(2)	D	$50.59	92,679	D
Common Stock	02/17/2026		M		11,961(3)	A	$0	104,640	D
Common Stock	02/17/2026		F		4,842(2)	D	$50.59	99,798	D
Common Stock	02/17/2026		M		23,038(3)	A	$0	122,836	D
Common Stock	02/17/2026		F		9,065(2)	D	$50.59	113,771	D
Common Stock	02/17/2026		M		12,360(3)	A	$0	126,131	D
Common Stock	02/17/2026		F		4,863(2)	D	$50.59	121,268	D
Common Stock	02/17/2026		M		12,360(3)	A	$0	133,628	D
Common Stock	02/17/2026		F		4,863(2)	D	$50.59	128,765	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
Restricted Stock Units	(1)	02/17/2026		M			6,835	(1)	(1)	Common Stock	6,835	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			11,961	(3)	(3)	Common Stock	11,961	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			23,038	(3)	(3)	Common Stock	23,038	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			12,360	(3)	(3)	Common Stock	12,360	$0	0	D
Performance Restricted Stock Units	(3)	02/17/2026		M			12,360	(3)	(3)	Common Stock	12,360	$0	0	D

Explanation of Responses:

1. Reflects the vesting of restricted stock units granted on February 17, 2023.

2. These shares were surrendered to satisfy the tax obligations related to the settlement of the associated equity award.

3. Reflects the settlement of previously certified performance restricted stock units.

Remarks:

	/s/ D. Lyle Williams by John C. Ivascu as Attorney-in-Fact	02/19/2026
	** 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.
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FAQ

What insider transactions did FET EVP & CFO David Lyle Jr. report?

David Lyle Jr. reported the vesting of restricted stock units and settlement of performance restricted stock units into Forum Energy Technologies common stock, plus related tax-withholding share dispositions, all dated February 17, 2026. These equity award events changed only his ownership mix, not company operations.

How many Forum Energy Technologies shares does the FET CFO own after these Form 4 transactions?

After these equity award settlements and tax-withholding dispositions, Forum Energy Technologies’ EVP and CFO David Lyle Jr. directly owned 128,765 shares of common stock. This figure reflects all February 17, 2026 conversions and share surrenders reported in the Form 4.

Were the FET insider share disposals open-market sales or tax withholdings?

The reported disposals were tax-withholding transactions, not open-market sales. Shares were surrendered at a price of $50.59 per share to satisfy tax obligations arising from the vesting and settlement of the associated restricted stock unit and performance restricted stock unit awards.

What types of equity awards did the FET Form 4 transactions involve?

The transactions involved restricted stock units and performance restricted stock units that converted into common stock at a zero-dollar exercise price. Footnotes state some awards were granted on February 17, 2023 and others were previously certified performance units being settled in shares.

Does the FET Form 4 indicate buying or selling activity by the CFO?

The Form 4 shows a mix of transactions: exercises and settlements of restricted and performance stock units acquiring common shares at no cost, and share disposals solely to cover tax liabilities. It does not report discretionary open-market purchases or sales by the CFO.