All Nine Energy (NINE) common shares cancelled as firm exits Chapter 11

Rhea-AI Filing Summary

Nine Energy Service, Inc. director Julie Peffer reported a disposition of 35,000 shares of common stock on March 4, 2026, recorded as a disposition to the issuer. Following this transaction, her reported direct holdings of Nine Energy common stock were reduced to zero.

According to the footnote, this occurred when Nine Energy emerged from Chapter 11 bankruptcy, at which time all of the company’s common shares were cancelled for no consideration. Existing shareholders therefore did not receive payment for their cancelled common stock.

Positive

• None.

Negative

• All existing common stock cancelled: Upon Nine Energy’s emergence from Chapter 11 on March 4, 2026, all outstanding common shares were cancelled for no consideration, leaving prior common shareholders, including director Julie Peffer with 35,000 shares, with no remaining equity value.

Insights

Distressed equity & restructuring analyst

Common equity was wiped out as Nine Energy exited Chapter 11.

The Form 4 shows director Julie Peffer disposing of 35,000 Nine Energy common shares in a transaction coded as a disposition to the issuer. The footnote clarifies that this coincided with the company’s emergence from Chapter 11 bankruptcy.

At emergence, all common shares were cancelled for no consideration, which means prior common shareholders received no cash or replacement securities for these holdings. Peffer’s post-transaction balance of zero shares illustrates this outcome for existing equity owners.

This kind of full cancellation is typical when a reorganization allocates value to creditors ahead of equity. The economic effect on prior shareholders is clearly adverse, as their common stock investment was effectively eliminated as of March 4, 2026.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Peffer Julie

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	35,000	$0.00	--

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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^*

Peffer Julie

(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		35,000	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/ Julie Peffer 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 Julie Peffer?

Nine Energy reported that director Julie Peffer disposed of 35,000 shares of common stock on March 4, 2026. The transaction was coded as a disposition to the issuer, leaving her with zero directly held Nine Energy common shares afterward.

Why were Julie Peffer’s Nine Energy (NINE) shares disposed of at no value?

Her 35,000 Nine Energy shares were cancelled when the company emerged from Chapter 11 bankruptcy. The footnote states that all common stock was cancelled for no consideration, meaning shareholders received no cash or replacement securities for those cancelled shares.

Did all Nine Energy Service (NINE) common shareholders lose their shares?

Yes. The disclosure states that upon Nine Energy’s emergence from Chapter 11 bankruptcy, all shares of common stock were cancelled for no consideration. This applied company-wide, so existing common shareholders collectively lost their equity positions on March 4, 2026.

What does ‘cancelled for no consideration’ mean for Nine Energy (NINE) investors?

‘Cancelled for no consideration’ means the common shares were eliminated without any payment or new securities in exchange. For Nine Energy shareholders, including insiders, this effectively wiped out the economic value of their existing common stock at emergence from Chapter 11.

How many Nine Energy (NINE) shares does Julie Peffer hold after the transaction?

Following the March 4, 2026 disposition, the Form 4 reports that Julie Peffer directly owns 0 shares of Nine Energy common stock. This reflects the company-wide cancellation of all common shares as part of its Chapter 11 emergence.

What does transaction code D indicate in Nine Energy’s (NINE) Form 4?

Transaction code D on the Form 4 indicates a disposition to the issuer. In this case, it records the cancellation of 35,000 common shares held by director Julie Peffer when Nine Energy emerged from Chapter 11 bankruptcy and cancelled all its common stock.