NINE Form 4: Guy Sirkes sells 49,897 shares; holdings now 139,444
Rhea-AI Filing Summary
Guy Sirkes, Executive Vice President and Chief Financial Officer of Nine Energy Service, Inc. (NINE), reported a sale of common stock on 08/08/2025. The Form 4 shows a disposition of 49,897 shares at a price of $0.65 per share, leaving 139,444 shares reported as beneficially owned directly after the transaction.
The filing includes no derivative transactions and is signed by an attorney-in-fact on 08/11/2025.
Positive
- Timely disclosure: The officer reported the transaction on Form 4 and the form is dated 08/11/2025 for the 08/08/2025 trade.
- Clear holdings reported: The filing specifies remaining direct ownership of 139,444 shares after the sale.
Negative
- Insider sale: The Executive Vice President and CFO sold 49,897 shares at $0.65, which may be interpreted negatively by some investors.
Insights
TL;DR: Insider sale of 49,897 NINE shares at $0.65; holdings remain 139,444—routine disclosure, neutral absent further context.
The Form 4 documents a sale (transaction code S) by Guy Sirkes, the company's Executive Vice President and Chief Financial Officer. The reported sale of 49,897 shares at $0.65 reduced his position to 139,444 shares held directly. No derivative instruments are reported. The form was executed by an attorney-in-fact and dated 08/11/2025, indicating the required post-transaction reporting was completed.
TL;DR: Form 4 shows compliant disclosure of an officer sale and retained direct ownership; governance process appears followed.
The filing identifies Sirkes as an officer (Executive Vice President and Chief Financial Officer) and discloses a direct sale of common stock on 08/08/2025. The report lists no derivative activity and includes a signature executed by an attorney-in-fact on 08/11/2025. From a governance perspective, the document provides the standard transparency investors expect for insider transactions.