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Helmerich & Payne director plans 65,000-share sale

Helmerich & Payne, Inc. (symbol HP) received a notice that board member Hans Helmerich intends to sell common stock under Rule 144 through Merrill Lynch.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Helmerich & Payne, Inc. (symbol HP) received a notice that board member Hans Helmerich intends to sell common stock under Rule 144 through Merrill Lynch. The planned sales include 25,000 shares (aggregate market value $1,094,700), 65,000 shares ($2,846,220), and 4,470 shares ($195,732) on the NYSE.

The 25,000-share block comes from a 12/20/2012 stock option exercise. The 65,000-share and 4,470-share blocks were acquired by inheritance from Walter Helmerich III on 01/10/2012 and 03/24/2022, respectively.

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Shares to be sold (block 1) 25,000 shares HP common stock, aggregate market value $1,094,700, NYSE sale
Aggregate market value (block 1) $1,094,700 For 25,000 HP common shares to be sold on the NYSE
Shares to be sold (block 2) 65,000 shares HP common stock, aggregate market value $2,846,220, NYSE sale
Aggregate market value (block 2) $2,846,220 For 65,000 HP common shares to be sold on the NYSE
Shares to be sold (block 3) 4,470 shares HP common stock, aggregate market value $195,732, NYSE sale
Aggregate market value (block 3) $195,732 For 4,470 HP common shares to be sold on the NYSE
Acquisition date (option exercise block) 12/20/2012 Date of stock option exercise for 25,000 HP shares
Acquisition dates (inheritance blocks) 01/10/2012 and 03/24/2022 Inheritance dates for 65,000 and 4,470 HP shares from Walter Helmerich III
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.
stock option exercise financial
"common | 12/20/2012 | stock option exercise | Hans Helmerich"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
inheritance financial
"common | 03/24/2022 | inheritance | Walter Helmerich III"
Inheritance is the transfer of money, property or investments to someone after a person dies, like handing a family recipe or toolbox from one generation to the next. For investors it matters because inherited assets can change who controls shares, affect the size and composition of a portfolio, trigger taxes or fees, and create opportunities or pressures to sell or consolidate holdings, all of which can influence financial outcomes.
aggregate market value financial
"common | Merrill Lynch ... | 25000 | 1094700 |"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What does the Form 144 filed for HP disclose?

It discloses that board member Hans Helmerich intends to sell blocks of Helmerich & Payne (HP) common stock under Rule 144 through Merrill Lynch on the NYSE, specifying the number of shares and their aggregate market values for each block.

How many HP shares does Hans Helmerich plan to sell under this Form 144?

The notice lists three planned sales: 25,000 HP common shares, 65,000 HP common shares, and 4,470 HP common shares, all to be sold through Merrill Lynch on the NYSE, each with a stated aggregate market value.

What are the aggregate market values of the HP shares in the Form 144 filing?

The filing states aggregate market values of $1,094,700 for 25,000 shares, $2,846,220 for 65,000 shares, and $195,732 for 4,470 shares of Helmerich & Payne (HP) common stock, all intended for sale on the NYSE.

How were the HP shares to be sold by Hans Helmerich originally acquired?

According to the filing, 25,000 HP shares were acquired via stock option exercise on 12/20/2012. The 65,000 and 4,470 shares were acquired by inheritance from Walter Helmerich III on 01/10/2012 and 03/24/2022, respectively.

Through which broker and exchange will the HP shares in this Form 144 be sold?

The notice specifies that the HP common shares are to be sold through Merrill Lynch, located at 6100 South Yale Ave, Tulsa, and that the shares will be sold on the NYSE.

Who is the insider named in the HP Form 144 filing and what is his role?

The insider named is Hans Helmerich, identified in the filing as a Board member of Helmerich & Payne, Inc. (HP), on whose account the securities are to be sold under Rule 144.

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