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.
Sentiment and the balance of points
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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.
Insider Trade Summary
| 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 |
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
Key Terms
Bona fide gift financial
beneficial ownership regulatory
pecuniary interest financial
Rule 16a-1(a) regulatory
FAQ
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What insider transactions did NESR CEO Sherif Foda report on this Form 4?
Were Sherif Foda’s NESR transactions made under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.