Al Nowais entity trims NESR (NESR) stake with 1.92M-share open-market sale
Rhea-AI Filing Summary
National Energy Services Reunited Corp. director-associated entity Al Nowais Investments LLC reported a large open-market sale of the company’s Ordinary Shares. The entity sold 1,919,594 shares on June 25, 2026 at a weighted average price of $26.80 per share, with individual trade prices ranging from $26.50 to $27.00. After this transaction, it held 229,198 Ordinary Shares indirectly. The sale reflects a significant reduction in the reporting person’s indirect stake but does not involve any derivative exercises or grants.
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Insights
Large open-market sale sharply reduces an indirect director-linked stake.
The filing shows Al Nowais Investments LLC, associated with director Yousif Mohammed Ali Nasser Al-Nowais, executed an open-market sale of 1,919,594 Ordinary Shares at a weighted average of $26.80 on June 25, 2026. Prices ranged between $26.50 and $27.00.
Following the transaction, the indirect holding stands at 229,198 Ordinary Shares, indicating a substantial trim versus the pre-transaction level. There are no derivative positions disclosed, and the sale is characterized as an open-market transaction rather than option exercise or compensation-related activity.
The filing does not reference a Rule 10b5-1 trading plan, so the timing context is not further explained. Subsequent company filings may clarify any changes in overall ownership structure or additional transactions, but this document alone simply records a sizable net sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,919,594 | $26.80 | $51.45M |
Footnotes (1)
- F1. Represents the weighted average price of the Ordinary Shares sold on June 25, 2026, ranging from a low of $26.50 to a high of $27.00 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 financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did NESR disclose for Al Nowais Investments LLC?
NESR disclosed that Al Nowais Investments LLC, linked to director Yousif Mohammed Ali Nasser Al-Nowais, executed an open-market sale of 1,919,594 Ordinary Shares. The weighted average sale price was $26.80 per share, based on multiple trades within a specified price range.
Was the NESR insider sale by Al Nowais Investments LLC an open-market transaction?
Yes. The Form 4 classifies the transaction as an open-market sale of NESR Ordinary Shares. The sale is coded as “S,” meaning it occurred in the open market or a private transaction, rather than through option exercises, grants, or other non-market mechanisms.
Did the NESR Form 4 report any derivative securities for the insider?
No derivative securities are listed in the filing for this transaction. The Form 4 only reports a non-derivative open-market sale of Ordinary Shares, with no options, warrants, or other derivative positions shown in the derivative summary section.