Nine Energy insider shares cancelled in Chapter 11
Nine Energy Service, Inc. filed a Form 4 showing that officer Guy Sirkes had 139,444 shares of common stock disposed of in a transaction classified as a disposition to the issuer.
Rhea-AI Filing Summary
Nine Energy Service, Inc. filed a Form 4 showing that officer Guy Sirkes had 139,444 shares of common stock disposed of in a transaction classified as a disposition to the issuer. According to a footnote, this occurred on March 4, 2026, when Nine Energy Service emerged from Chapter 11 bankruptcy and all of the issuer’s common shares were cancelled for no consideration, leaving Sirkes with zero directly held shares.
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Insider Trade Summary
Disposition: 139,444 shares
Disposition
1 txn
Insider
Sirkes Guy
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 139,444 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Nine Energy Service (NINE) report for Guy Sirkes?
Nine Energy Service reported that officer Guy Sirkes disposed of 139,444 shares of common stock. The shares were cancelled in connection with the company’s emergence from Chapter 11 bankruptcy and were surrendered to the issuer for no consideration.
What transaction code was used in the Nine Energy Service (NINE) Form 4 for Guy Sirkes?
The Form 4 uses transaction code D, described as a disposition to the issuer. This reflects that Sirkes’ 139,444 common shares were effectively surrendered and cancelled, rather than sold on the open market or acquired in a new purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.