Common shares canceled as Nine Energy (NINE) emerges from Chapter 11

Rhea-AI Filing Summary

Nine Energy Service, Inc. director Scott Schwinger reported a disposition of 132,107 shares of common stock on March 4, 2026. The transaction reflects that, in connection with Nine Energy Service’s emergence from Chapter 11 bankruptcy, all of its common shares were cancelled for no consideration, leaving him with zero reported shares.

Positive

• None.

Negative

• All existing common shares of Nine Energy Service, Inc., including 132,107 held by a director, were cancelled for no consideration upon emergence from Chapter 11 bankruptcy, eliminating prior common equity.

Insights

Equity restructuring analyst

Nine Energy’s Chapter 11 emergence wiped out existing common equity.

The filing shows director Scott Schwinger disposing of 132,107 common shares at a reported price of zero. A footnote explains that, upon Nine Energy Service’s emergence from Chapter 11 bankruptcy on March 4, 2026, all outstanding common shares were cancelled for no consideration.

This means prior common shareholders, including the director, lost their equity positions rather than selling shares in the market. Future value for stakeholders will depend on the post‑restructuring capital structure established at emergence, which is not detailed in this insider report.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHWINGER SCOTT

(Last) (First) (Middle)

2001 KIRBY DRIVE, SUITE 200

(Street)

HOUSTON TX 77019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Nine Energy Service, Inc. [ NINE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		D		132,107	D	$0(1)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/ Scott E. Schwinger by Theodore R. Moore, as Attorney-in-fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Nine Energy (NINE) report on March 4, 2026?

Nine Energy reported director Scott Schwinger disposing of 132,107 common shares on March 4, 2026. A footnote clarifies this was due to all common stock being cancelled for no consideration when the company emerged from Chapter 11 bankruptcy.

Did the Nine Energy (NINE) director receive any proceeds from this Form 4 transaction?

No, the director received no proceeds. The Form 4 shows a price per share of 0.0000, and explains that all common shares were cancelled for no consideration in connection with Nine Energy Service’s emergence from Chapter 11 bankruptcy on March 4, 2026.

How many Nine Energy (NINE) shares did the director hold after the reported transaction?

After the transaction, the director reported holding 0 shares of Nine Energy common stock. The filing states that all of the issuer’s common shares were cancelled upon emergence from Chapter 11 bankruptcy, so his previously held 132,107 shares were eliminated with no remaining position.

Why were Nine Energy (NINE) common shares cancelled according to this Form 4?

The Form 4 footnote states that, on March 4, 2026, Nine Energy Service emerged from Chapter 11 bankruptcy, and as part of that process, all common stock was cancelled for no consideration. The director’s reported disposition reflects this court‑supervised restructuring outcome.

Does this Nine Energy (NINE) Form 4 indicate an open market sale by the director?

No, it does not indicate an open market sale. The transaction is coded as a disposition to issuer, with a price of zero. A footnote clarifies that the shares were cancelled when Nine Energy Service emerged from Chapter 11 bankruptcy, rather than sold in trading.

What does the transaction code on the Nine Energy (NINE) Form 4 mean?

The Form 4 uses transaction code D, described as a disposition to issuer. Combined with the footnote, this means the director’s 132,107 shares were eliminated when all Nine Energy common stock was cancelled for no consideration upon emergence from Chapter 11, not sold on the market.