All Nine Energy (NINE) common shares cancelled with no value on Chapter 11 exit

Rhea-AI Filing Summary

Nine Energy Service, Inc. insider Luz S. Brett reported a disposition of 108,484 shares of common stock on March 4, 2026. The transaction is coded as a disposition to the issuer at a reported price of $0.00 per share, leaving 0 shares held directly afterward.

According to the footnote, on March 4, 2026, Nine Energy Service emerged from Chapter 11 bankruptcy, and all of the company’s common stock was cancelled for no consideration. This means existing common shareholders, including this reporting person, received no payment or securities in exchange for their cancelled shares.

Positive

• None.

Negative

• All existing common stock cancelled: On March 4, 2026, Nine Energy Service cancelled all outstanding common shares for no consideration in connection with its emergence from Chapter 11 bankruptcy, wiping out legacy common equity holders.

Insights

Distressed equity and restructuring analyst

All Nine Energy common shares were cancelled for no value upon Chapter 11 emergence.

The filing shows Luz S. Brett disposing of 108,484 Nine Energy common shares in a transaction coded as a disposition to the issuer at $0.00 per share, reducing directly held shares to zero. The key detail is in the footnote.

The footnote states that on March 4, 2026, Nine Energy Service emerged from Chapter 11 bankruptcy and that all outstanding common stock was cancelled for no consideration. This indicates a restructuring where legacy equity was eliminated, a common outcome in bankruptcy reorganizations.

For existing shareholders before March 4, 2026, the cancellation of all common stock for no value is a materially negative event because their holdings were wiped out. Future ownership and capital structure would be defined by the reorganization terms, which are not detailed in this insider filing.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Luz S. Brett

(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)

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

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		108,484	D	$0.00(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.

Remarks:

Senior Vice President and Chief Accounting Officer

	/s/ S. Brett Luz 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 Service (NINE) report for Luz S. Brett?

Nine Energy Service reported that Luz S. Brett disposed of 108,484 shares of common stock on March 4, 2026. The transaction was coded as a disposition to the issuer at $0.00 per share, leaving her with no directly held shares afterward.

Why were Luz S. Brett’s Nine Energy (NINE) shares disposed of at $0.00?

The shares were disposed of at $0.00 because, on March 4, 2026, Nine Energy Service emerged from Chapter 11 bankruptcy and cancelled all of its common stock for no consideration. As a result, previously outstanding shares, including Brett’s, were eliminated without payment.

What happened to all Nine Energy Service (NINE) common stock on March 4, 2026?

On March 4, 2026, all Nine Energy Service common stock was cancelled for no consideration in connection with its emergence from Chapter 11 bankruptcy. This means prior common shareholders no longer held equity and did not receive cash or replacement securities for those cancelled shares.

How many Nine Energy (NINE) shares did Luz S. Brett hold after the reported Form 4 transaction?

After the reported Form 4 transaction, Luz S. Brett held 0 shares of Nine Energy common stock. The filing shows a disposition of 108,484 shares to the issuer at $0.00 per share, consistent with the company-wide cancellation of common stock on March 4, 2026.

What does Nine Energy’s emergence from Chapter 11 mean for prior NINE shareholders?

Nine Energy’s emergence from Chapter 11 on March 4, 2026 was accompanied by cancellation of all existing common stock for no consideration. For prior shareholders, this meant their common equity was extinguished and they did not receive value for those shares under the terms described in this filing.