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Hornbeck Offshore officer plans $1.27M stock sale

Officer Erik S. Staffeldt has filed a Rule 144 notice to potentially sell 117,619 Hornbeck Offshore Services common shares previously received as restricted stock compensation.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

HORNBECK OFFSHORE SERVICES, INC. (HLX) has a notice of proposed sale under Rule 144 filed on behalf of officer Erik S. Staffeldt. The notice covers up to 117,619 shares of common stock, with an aggregate market value of $1,273,813.77, to be sold through Fidelity Brokerage Services LLC on or after September 2, 2026.

The shares derive from restricted stock that vested on January 2, 2024, acquired from the issuer as compensation. No sales during the prior three months are reported in the notice.

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Shares covered by Form 144 117,619 shares Common stock proposed for sale under Rule 144
Aggregate market value $1,273,813.77 Value of 117,619 common shares covered by the notice
Intended sale date September 2, 2026 Date listed for prospective sale of the common shares
Acquisition date of shares January 2, 2024 Date restricted stock vested as compensation from issuer
CUSIP 147382447 CUSIP for Hornbeck Offshore Services common stock listed in the 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 a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact"
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 Erik S. Staffeldt has filed a Rule 144 notice for the potential sale of 117,619 shares of Hornbeck Offshore common stock, with an aggregate market value of $1,273,813.77, through Fidelity Brokerage Services LLC.

How many HLX shares are covered by Erik S. Staffeldt’s Form 144 notice?

The notice covers up to 117,619 shares of Hornbeck Offshore Services common stock. These shares are eligible for potential sale under Rule 144 and are to be sold through Fidelity Brokerage Services LLC.

What is the reported value of the HLX shares in this Form 144?

The Form 144 lists an aggregate market value of $1,273,813.77 for the 117,619 Hornbeck Offshore Services common shares covered by the notice. This value is reported as part of the securities information section.

When were the HLX shares acquired and how?

The 117,619 shares were acquired on January 2, 2024 through restricted stock vesting from the issuer, Hornbeck Offshore Services, as compensation, according to the securities-to-be-sold section of the notice.

Does the Form 144 report any HLX shares sold in the past three months?

No. The section for securities sold during the past 3 months does not list any transactions, indicating no reported sales of Hornbeck Offshore Services common stock in that period.

Which broker is handling the potential HLX share sale in this Form 144?

The potential sale is to be handled by Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island, as identified in the securities information section for the Hornbeck Offshore Services common stock.

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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