Nine Energy (NINE) Form 144: 277,969 Shares via Fidelity
Rhea-AI Filing Summary
Nine Energy Service (NINE) filed a Form 144 reporting a proposed sale of 277,969 common shares through Fidelity Brokerage Services LLC with an aggregate market value listed at $173,817.31. The filing lists the number of outstanding shares as 43,340,550 and an approximate date of sale of 08/08/2025 on the NYSE.
All 277,969 shares to be sold were acquired through restricted stock vesting on multiple dates between 05/03/2024 and 05/09/2025, matching the detailed acquisition table. The filing also discloses two recent sales by Ann G. Fox in May 2025 (22,624 shares for $14,671.66 on 05/08/2025 and 10,326 shares for $7,001.03 on 05/13/2025) and includes the signer’s representation that they are not aware of undisclosed material adverse information.
Positive
- All 277,969 shares proposed for sale were acquired via restricted stock vesting on specified dates between 05/03/2024 and 05/09/2025.
- Filing includes detailed transaction history, broker information (Fidelity Brokerage Services LLC), and recent sales by an identified seller, increasing transparency.
Negative
- Proposed insider sale of 277,969 common shares with an aggregate market value of $173,817.31 recorded in Form 144.
- Recent sales in May 2025 by Ann G. Fox are disclosed (22,624 shares for $14,671.66 on 05/08/2025 and 10,326 shares for $7,001.03 on 05/13/2025).
Insights
TL;DR: Insider sale equals 277,969 vested shares; transaction appears routine rather than extraordinary.
The Form 144 shows a proposed sale of 277,969 shares acquired entirely via restricted stock vesting across six dates, with an aggregate market value of $173,817.31 and an intended sale on the NYSE through Fidelity. Because the shares match recent vesting events and the filer affirms no undisclosed material adverse information, this filing reads as a planned disposition of compensation-related equity rather than an unexpected liquidity event. Investors should note the recent small block sales by Ann G. Fox in May 2025 recorded here.
TL;DR: Disclosure aligns with Rule 144 requirements; shows transparent reporting of vested compensation sales.
The submission provides required broker, acquisition and historical-sale details, and the signer’s certification about material information. The acquisitions all list Restricted Stock Vesting and corresponding dates, and the filing aggregates previous May 2025 disposals by an identified seller. From a governance perspective, the form meets standard insider-sale disclosure norms and documents that the shares offered were earned via compensation vesting rather than purchased from third parties.