Nine Energy insider loses 136,873 shares in Chapter 11
Nine Energy Service, Inc. executive Theodore R. Moore reported a disposition of 136,873 shares of common stock on March 4, 2026, recorded as a disposition to the issuer.
Rhea-AI Filing Summary
Nine Energy Service, Inc. executive Theodore R. Moore reported a disposition of 136,873 shares of common stock on March 4, 2026, recorded as a disposition to the issuer. The transaction price is shown as $0.00 per share, leaving him with 0 shares of Nine common stock.
According to the footnote, this resulted from Nine Energy Service’s emergence from Chapter 11 bankruptcy, when all outstanding common shares were cancelled for no consideration. This Form 4 reflects that court-approved cancellation rather than an open-market sale.
Positive
- None.
Negative
- All existing common stock cancelled in Chapter 11: Upon emergence from Chapter 11 bankruptcy, all Nine Energy Service common shares, including 136,873 held by Theodore R. Moore, were cancelled for no consideration, effectively eliminating prior common equity value.
Insights
Nine’s Chapter 11 emergence wiped out all existing common shares, including Moore’s stake.
This Form 4 shows that 136,873 shares of Nine Energy Service common stock held by Theodore R. Moore were disposed of to the issuer at $0.00 per share. The filing notes that this occurred when the company emerged from Chapter 11 bankruptcy and all common shares were cancelled.
For existing common shareholders, cancellation of all shares for no consideration is typically a total loss of equity value. Any future value in the reorganized entity depends on the new securities structure established in the Chapter 11 process, which is not detailed in this Form 4 excerpt.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 136,873 | $0.00 | $0.00 |
Footnotes (1)
- F1. On March 4, 2026, in connection with the emergence of Nine Energy Service, Inc. (the "Issuer") from Chapter 11 bankruptcy, all of the Issuer's shares of common stock, par value $0.01 per share, were cancelled for no consideration.
FAQ
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Was Theodore R. Moore’s Nine Energy Service (NINE) transaction an open-market sale?
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