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Hornbeck Offshore officer plans $2.7M sale

HORNBECK OFFSHORE SERVICES, INC.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

HORNBECK OFFSHORE SERVICES, INC. (HLX) received a Rule 144 notice that officer Kenneth E. Neikirk intends to sell up to 260,061 shares of common stock through Fidelity Brokerage Services LLC, with an aggregate market value of about $2,714,012.62, based on the filing. The shares relate to restricted stock vesting granted as compensation by the issuer on January 2, 2024 (104,549 shares) and January 2, 2025 (155,512 shares). The planned sale is noted with a sale date of September 2, 2026, and Hornbeck Offshore common stock outstanding is reported as 147,382,447 shares, listed on the NYSE.

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Shares proposed to be sold under Rule 144 260,061 shares Amount of HLX common stock covered by the notice
Aggregate market value of proposed sale $2,714,012.62 Value associated with 260,061 HLX shares
HLX shares outstanding 147,382,447 shares Total common shares outstanding reported in the filing
Restricted stock vesting 2024 104,549 shares Compensation-related restricted stock vesting on January 2, 2024
Restricted stock vesting 2025 155,512 shares Compensation-related restricted stock vesting on January 2, 2025
Proposed sale date September 2, 2026 Date associated with the Rule 144 sale notice
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Common | 01/02/2024 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Kenneth E. Neikirk"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for HORNBECK OFFSHORE SERVICES, INC. (HLX)?

It discloses that officer Kenneth E. Neikirk has filed a Rule 144 notice to sell up to 260,061 shares of HLX common stock through Fidelity Brokerage Services LLC, with an indicated aggregate market value of about $2,714,012.62.

How many HORNBECK OFFSHORE (HLX) shares are proposed to be sold under this Form 144?

The notice covers up to 260,061 shares of HLX common stock. This is the number shown in the securities information section as the amount to be sold under Rule 144.

What is the reported market value of the HLX shares covered by this Rule 144 filing?

The filing reports an aggregate market value of approximately $2,714,012.62 for the 260,061 shares of HLX common stock proposed to be sold.

How many HORNBECK OFFSHORE (HLX) shares are reported as outstanding in the Form 144?

The Form 144 states that 147,382,447 shares of HLX common stock are outstanding. This number is reported as the total shares outstanding for the issuer.

What is the source of the HLX shares Kenneth E. Neikirk plans to sell?

The shares come from restricted stock vesting granted as compensation by the issuer, including 104,549 shares vesting on January 2, 2024 and 155,512 shares vesting on January 2, 2025.

On which exchange is HORNBECK OFFSHORE (HLX) common stock listed in this filing?

The Form 144 notes that the HLX common stock covered by the proposed sale is listed on the NYSE.

Who is executing the proposed Rule 144 sale for HLX shares?

The proposed sale is indicated through Fidelity Brokerage Services LLC, which appears as the broker in the securities information section, with the notice signed by a Fidelity representative as attorney-in-fact for Kenneth E. Neikirk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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