NESR holder Sherif Foda plans $3.5M share sale

National Energy Services Reunited Corp. (NESR) received a notice of proposed sale under Rule 144 from Sherif Foda.

Rhea-AI Filing Summary

National Energy Services Reunited Corp. (NESR) received a notice of proposed sale under Rule 144 from Sherif Foda. The filing covers up to 100,000 shares of common stock, to be sold through Morgan Stanley Smith Barney LLC, with an approximate aggregate market value of $3,500,000. The common stock is listed on NASDAQ, and total shares outstanding are reported as 100,851,754. The shares were originally acquired in the SPAC IPO on 05/17/2017.

Key Figures

Shares to be sold: 100,000 shares of common stock Approximate aggregate market value: $3,500,000.00 Shares outstanding: 100,851,754 shares +2 more

5 metrics

Shares to be sold 100,000 shares of common stock Maximum number of NESR shares covered by the Rule 144 notice

Approximate aggregate market value $3,500,000.00 Value of the 100,000 NESR shares proposed to be sold

Shares outstanding 100,851,754 shares NESR common shares outstanding as reported in the form

Date of acquisition 05/17/2017 Acquisition date of the shares in the SPAC IPO

Approximate date of sale expiration 08/31/2026 Date associated with the proposed sale timing in the securities information

Key Terms

Rule 144, SPAC IPO, aggregate market value, common stock

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.

SPAC IPO financial

"Common Stock | 05/17/2017 | SPAC IPO | Issuer |"

A SPAC IPO is a public offering that creates a blank-check company—a shell company that raises money from investors through a stock sale with the specific purpose of finding and buying a private business later. It matters to investors because buying into a SPAC is a bet on the managers’ ability to find a good acquisition; think of it as funding a search team rather than a specific product, which can mean faster routes to public markets but also unique risks like deal uncertainty, dilution, and time limits.

aggregate market value financial

"Common Stock | Morgan Stanley Smith Barney LLC ... | 100000 | 3500000.00"

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.

common stock financial

"Common Stock | Morgan Stanley Smith Barney LLC Executive Financial Services"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

What does the Form 144 filing for NESR disclose?

It discloses that Sherif Foda filed a Rule 144 notice to sell up to 100,000 NESR common shares through Morgan Stanley Smith Barney LLC, with an approximate aggregate market value of $3,500,000, originally acquired in the SPAC IPO on 05/17/2017.

How many NESR shares are covered by Sherif Foda’s Form 144?

The notice covers up to 100,000 shares of National Energy Services Reunited Corp. common stock proposed to be sold under Rule 144 through Morgan Stanley Smith Barney LLC.

What is the approximate market value of the NESR shares in this Form 144?

The Form 144 lists an approximate aggregate market value of $3,500,000 for the 100,000 NESR common shares covered by the proposed sale.

How many NESR shares are outstanding according to this Form 144?

The filing reports that 100,851,754 shares of National Energy Services Reunited Corp. common stock are outstanding at the time referenced in the form.

Where were the NESR shares in this Form 144 originally acquired?

The 100,000 NESR shares covered by the notice were originally acquired in the company’s SPAC IPO on 05/17/2017, with the issuer identified as National Energy Services Reunited Corp.

On which exchange is NESR common stock listed in this Form 144?

The Form 144 states that National Energy Services Reunited Corp. common stock is traded on NASDAQ.

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

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Available on EDGAR 09/01/2026 - 04:42 PM Accepted by SEC EDGAR 09/01/2026 - 04:41 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001580690
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	National Energy Services Reunited Corp.
SEC File Number	001-38091
Address of Issuer	777 Post Oak Blvd. 7th Floor Houston TEXAS 77056
Phone	8329253777
Name of Person for Whose Account the Securities are To Be Sold	Sherif Foda
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza, 8th Floor New York NY 10004	100000	3500000.00	100851754	08/31/2026	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	05/17/2017	SPAC IPO	Issuer			100000	05/17/2017	N/A

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/01/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Sherif Foda
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)