NESR CEO gifts 1.35M shares, sells 100K at $35
NESR’s CEO reported a large gift of shares to his spouse and a separate 100,000-share sale at $35.00 per share.
Rhea-AI Filing Summary
National Energy Services Reunited Corp. (NESR) director and Chief Executive Officer Sherif Foda reported multiple transactions in Ordinary Shares. On September 2, 2026, he made a bona fide gift of 675,000 shares to his spouse, moving those shares from his direct holdings to indirect holdings "by spouse," with 675,000 shares held indirectly afterward. Footnotes state he disclaims beneficial ownership of the spouse-held shares except to the extent of any pecuniary interest. On August 31, 2026, he also sold 100,000 Ordinary Shares at $35.00 per share in an open-market or private transaction. No Rule 10b5-1 trading plan is reported in connection with these transactions.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 100,000 shares
Net Sell
3 txns
Insider
Foda Sherif
Role
Chief Executive Officer
Sold
100,000 shs ($3.50M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares F1 | 675,000 | $0.00 | $0.00 |
| Gift | Ordinary Shares F1, F2 | 675,000 | $0.00 | $0.00 |
| Sale | Ordinary Shares | 100,000 | $35.00 | $3.50M |
Holdings After Transaction:
Ordinary Shares — 2,409,643 shares (Direct);
Ordinary Shares — 675,000 shares (Indirect, By spouse)
Footnotes (2)
- F1. This transaction involved a gift of securities by the Reporting Person to his spouse.
- F2. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
Shares gifted: 675,000 shares
Indirect holdings by spouse after gift: 675,000 shares
Shares sold: 100,000 shares
+3 more
6 metrics
Shares gifted
675,000 shares
Bona fide gift of Ordinary Shares to spouse on September 2, 2026
Indirect holdings by spouse after gift
675,000 shares
Ordinary Shares reported as indirectly owned "by spouse" following the gift
Shares sold
100,000 shares
Sale of Ordinary Shares on August 31, 2026
Sale price
$35.00 per share
Price for the 100,000 Ordinary Shares sold on August 31, 2026
Total shares involved in gifts
1,350,000 shares
Aggregate Ordinary Shares in bona fide gift transactions reported in this Form 4
Net buy/sell shares
100,000 shares net sold
Net effect of buy/sell transactions reported, excluding gifts
Key Terms
Bona fide gift, beneficial ownership, pecuniary interest, Rule 16a-1(a)
4 terms
Bona fide gift financial
"The transaction code description is "Bona fide gift" for the 675,000-share transfer"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
Rule 16a-1(a) regulatory
"for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934"
FAQ
What insider transactions did NESR CEO Sherif Foda report on this Form 4?
Sherif Foda reported a bona fide gift of 675,000 Ordinary Shares to his spouse on September 2, 2026, and a separate sale of 100,000 Ordinary Shares at $35.00 per share on August 31, 2026.
Were Sherif Foda’s NESR transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and there is no footnote indicating that the transactions were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
