Ann Fox reduces Nine Energy stake; retains 373,795 shares
Rhea-AI Filing Summary
Ann G. Fox, President, Chief Executive Officer and Director of Nine Energy Service, Inc. (NINE), reported the sale of 277,969 shares of common stock on 08/08/2025 at a weighted-average price of $0.625 per share. The filing's footnote states the shares were sold in multiple transactions at prices ranging from $0.620 to $0.661 and that the reporting person will provide a breakdown on request.
Following the reported sale, Ms. Fox beneficially owns 373,795 shares directly. The Form 4 shows the transaction code "S" for sale, no derivative transactions were reported, and the form was executed by Theodore R. Moore as attorney-in-fact for Ms. Fox.
Positive
- Maintains direct ownership of 373,795 shares, indicating the reporting person continues to hold a meaningful stake in NINE
Negative
- Reported sale of 277,969 shares at a weighted-average price of $0.625, which materially reduced the reporting person's pre-transaction holdings
Insights
TL;DR: Insider sale of 277,969 shares at $0.625; remaining direct stake of 373,795 shares suggests continued ownership — impact appears routine.
The Form 4 discloses a direct sale (transaction code "S") of 277,969 common shares at a reported weighted-average price of $0.625, with reported price executions between $0.620 and $0.661. No derivative positions were added or removed. For investors, the filing documents a material insider sale in absolute share terms but does not include other material corporate actions or new information about company fundamentals.
TL;DR: Disclosure appears complete for the transaction; signature by attorney-in-fact and footnote transparency support governance procedures.
The Form 4 includes a clear footnote about the weighted-average price range and an explicit offer to provide a transaction-level breakdown on request, which enhances transparency. The report shows direct beneficial ownership after the sale and lists officer and director status. The filing does not indicate any derivative activity or that the sale was executed pursuant to an affirmative 10b5-1 plan.