Al Nowais entity sells 1.4M National Energy (NASDAQ: NESR) shares
Rhea-AI Filing Summary
National Energy Services Reunited Corp. director Al-Nowais Yousif Mohammed Ali Nasser reported that Al Nowais Investments LLC, an entity through which he holds shares indirectly, executed open-market sales of Ordinary Shares. Across June 12 and June 13, 2026, the LLC sold a total of 1,401,450 shares in four transactions. Reported weighted average prices ranged from about $25.50 to $27.62 per share over the two days, reflecting multiple trades within those price bands. All transactions involved non-derivative Ordinary Shares and were classified as open-market or private sales.
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Insights
Director-linked LLC reported selling 1.4M NESR shares in open-market trades.
The reporting shows Al Nowais Investments LLC, associated with director Al-Nowais Yousif Mohammed Ali Nasser, selling a combined 1,401,450 Ordinary Shares of National Energy Services Reunited Corp. over two days in June 2026. All transactions are non-derivative open-market or private sales.
Weighted average prices were disclosed instead of individual trade prices, with ranges from $25.50 to $27.62 per share. This indicates multiple fills across the trading sessions. The filing does not describe any corresponding option exercises or derivative activity; derivative positions are not listed.
The net effect is a sizable reduction in the indirect share position held through Al Nowais Investments LLC. Future company filings may provide additional context on the overall ownership stake and whether similar transactions continue, but this document itself is limited to reporting these specific sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 326,386 | $26.89 | $8.78M |
| Sale | Ordinary Shares | 6,471 | $27.61 | $179K |
| Sale | Ordinary Shares | 950,831 | $26.08 | $24.80M |
| Sale | Ordinary Shares | 117,762 | $26.54 | $3.13M |
Footnotes (4)
- F1. Represents the weighted average price of the Ordinary Shares sold on June 12, 2026, ranging from a low of $25.50 to a high of $26.50 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
- F2. Represents the weighted average price of the Ordinary Shares sold on June 12, 2026, ranging from a low of $25.505 to a high of $26.5725 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
- F3. Represents the weighted average price of the Ordinary Shares sold on June 13, 2026, ranging from a low of $26.50 to a high of $27.50 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
- F4. Represents the weighted average price of the Ordinary Shares sold on June 13, 2026, ranging from a low of $27.52 to a high of $27.62 per share. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price.
Key Figures
Key Terms
open-market sale financial
weighted average price financial
indirect ownership financial
Form 4 regulatory
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