Insider sale reported: 400,000 shares by Robert Drummond
Robert W. Drummond Jr. reported a proposed sale and prior transactions involving common stock of PTEN.
Rhea-AI Filing Summary
Robert W. Drummond Jr. reported a proposed sale and prior transactions involving common stock of PTEN. The filing lists a sale of $3,268,400 for 400,000 shares on 02/13/2026. It also reports restricted stock units acquired as compensation on 09/01/2023 totaling 99,775 and 65,000 shares.
The notice is a Rule 144/A submission listing the securities and recent sale activity; the document records acquisition dates and quantities but does not state any planned future sales or proceeds recipient details beyond the sale record.
Positive
- None.
Negative
- None.
Insights
Routine Rule 144 notice showing an insider sale and RSU holdings.
The filing documents a sale of 400,000 shares for $3,268,400 on 02/13/2026 and two RSU grants from 09/01/2023 of 99,775 and 65,000 shares. This presents the visible transaction history and compensation-related holdings.
Impact depends on the holder's remaining position and any future dispositions; subsequent filings (Forms 4/5 or additional 144s) would provide further clarity on ongoing insider activity.
This is an administrative disclosure under Rule 144/A, not a corporate action.
Form 144/A documents proposed or previously effected sales by an affiliate and lists the securities, acquisition dates, and quantities. It helps record compliance with resale restrictions tied to compensation awards (RSUs).
No enforcement, litigation, or approval language appears; cash‑flow treatment and recipient details beyond the sale amount are not provided in the excerpt.
Key Figures
Key Terms
Rule 144/A regulatory
Restricted Stock Units financial
Aggregate proceeds financial
FAQ
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What did the PTEN Form 144/A disclose about recent insider sales?
Does the filing list recent equity awards for PTEN insiders?
Who is the reporting person named in the Form 144/A for PTEN?
AI-generated analysis. How Rhea-AI works. Not financial advice.