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.
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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Key Figures
Shares to be sold (block 1): 25,000 shares
Aggregate market value (block 1): $1,094,700
Shares to be sold (block 2): 65,000 shares
+5 more
8 metrics
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
Key Terms
Rule 144, stock option exercise, inheritance, aggregate market value
4 terms
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.
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.