National Energy Services (NASDAQ: NESR) CFO sells shares, now holds 549,763
Rhea-AI Filing Summary
National Energy Services Reunited Corp. (NESR) reported that its Chief Financial Officer, Stefan Angeli, sold 13,570 Ordinary Shares on August 18, 2026 in an open-market or private transaction at prices between $35.11 and $35.12 per share. Following this sale, Angeli directly held 549,763 Ordinary Shares. A prior filing’s disclosure of the vesting schedule for RSUs granted on August 14, 2026 is also corrected, clarifying that those RSUs vest in equal annual installments over three years.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 13,570 shares
Net Sell
1 txn
Insider
Angeli Stefan
Role
Chief Financial Officer
Sold
13,570 shs ($477K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F1, F2 | 13,570 | $35.12 | $477K |
Holdings After Transaction:
Ordinary Shares — 549,763 shares (Direct)
Footnotes (2)
- F1. The Ordinary Shares were sold in a single transaction at a price between $35.11 and $35.12.
- F2. The previous Form 4 for the Reporting Person, filed on August 17, 2026, inadvertently misstated the vesting schedule for the RSUs granted to the Reporting Person on August 14, 2026. That filing incorrectly stated that such RSUs will vest on August 14, 2027, subject to the Reporting Person's continued service through the vesting date. The RSUs will instead vest in equal annual installments over a three year period on each of the succeeding three anniversaries of the grant date, subject to the Reporting Person's continued service through each vesting date. This footnote corrects such disclosure.
Key Figures
Ordinary Shares sold: 13,570 shares
Sale price range per share: $35.11–$35.12
Shares owned after transaction: 549,763 Ordinary Shares
+2 more
5 metrics
Ordinary Shares sold
13,570 shares
Sale by CFO Stefan Angeli on August 18, 2026
Sale price range per share
$35.11–$35.12
Price range for 13,570 Ordinary Shares sold in a single transaction
Shares owned after transaction
549,763 Ordinary Shares
Direct holdings of CFO Stefan Angeli following the sale
RSU vesting period
3 years
RSUs granted on August 14, 2026 vest in equal annual installments over three years
Net shares sold in filing
13,570 shares
Net-sell direction per transaction summary
Key Terms
Ordinary Shares, RSUs, vesting schedule, Rule 10b5-1 trading plan
4 terms
RSUs financial
"misstated the vesting schedule for the RSUs granted to the Reporting"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting schedule financial
"inadvertently misstated the vesting schedule for the RSUs granted"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Rule 10b5-1 trading plan regulatory
"The Rule 10b5-1 checkbox is not marked for these transactions"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transaction did NESR disclose for CFO Stefan Angeli?
NESR disclosed that Chief Financial Officer Stefan Angeli sold 13,570 Ordinary Shares on August 18, 2026 in a transaction reported as a sale in the open market or a private transaction at prices between $35.11 and $35.12 per share.
What correction to NESR RSU vesting did this Form 4 disclose?
The filing corrects a prior disclosure for RSUs granted on August 14, 2026. Instead of vesting fully on August 14, 2027, the RSUs will vest in equal annual installments over three years on each of the three anniversaries of the grant date, subject to continued service.
Does this NESR Form 4 involve any derivative or option exercises?
No. The reported transaction involves only Ordinary Shares, classified as a non-derivative sale. The filing’s derivative transaction count is zero, and no options, warrants, or other derivative securities are reported as exercised or converted.
AI-generated analysis. How Rhea-AI works. Not financial advice.