Patterson-UTI: Drummond plans $20.6K stock sale

PATTERSON UTI ENERGY INC (PTEN) is the issuer of common stock that Robert W. Drummond Jr plans to sell under Rule 144.

Rhea-AI Filing Summary

PATTERSON UTI ENERGY INC (PTEN) is the issuer of common stock that Robert W. Drummond Jr plans to sell under Rule 144. The notice covers 1,605 shares of common stock held at Fidelity Brokerage Services LLC, with an indicated value of $20,624.25, to be sold on NASDAQ. These shares originated from restricted stock vesting received as compensation from the issuer on 09/01/2023. The form is signed on behalf of Drummond by Fidelity Brokerage Services LLC as attorney-in-fact.

Key Figures

Shares to be sold: 1,605 shares of common stock Aggregate value: $20,624.25 Acquisition date of shares: 09/01/2023 +2 more

5 metrics

Shares to be sold 1,605 shares of common stock Number of PATTERSON UTI ENERGY INC shares covered by the Rule 144 notice

Aggregate value $20,624.25 Aggregate value listed for 1,605 PATTERSON UTI ENERGY INC shares to be sold

Acquisition date of shares 09/01/2023 Date the 1,605 shares were acquired through restricted stock vesting

Acquisition method Restricted Stock Vesting Method of acquisition of the 1,605 shares as compensation from the issuer

Issuer phone number 2817657100 Contact phone number for PATTERSON UTI ENERGY INC

Key Terms

Rule 144, Restricted Stock Vesting, attorney-in-fact, Compensation

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock Vesting financial

"Common | 09/01/2023 | Restricted Stock Vesting | Issuer"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

attorney-in-fact regulatory

"as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Robert"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

Compensation financial

"1605 | 09/01/2023 | Compensation"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing mean for PATTERSON UTI ENERGY INC (PTEN)?

It indicates that Robert W. Drummond Jr has given notice of a proposed sale of 1,605 shares of PATTERSON UTI ENERGY INC common stock under Rule 144. This is a compliance step for resales of restricted or control securities.

How many PTEN shares are covered by this Rule 144 notice?

The notice covers 1,605 shares of PATTERSON UTI ENERGY INC common stock to be sold through Fidelity Brokerage Services LLC on NASDAQ.

What is the dollar amount associated with the PTEN shares in this Form 144?

The filing lists an aggregate value of $20,624.25 for the 1,605 PATTERSON UTI ENERGY INC common shares to be sold.

How and when did Robert W. Drummond Jr acquire the PTEN shares being sold?

The 1,605 shares were acquired on 09/01/2023 through Restricted Stock Vesting, received as compensation from PATTERSON UTI ENERGY INC.

Who is handling the sale of PTEN shares for Robert W. Drummond Jr?

The shares are held and being handled by Fidelity Brokerage Services LLC, which also signed the notice as attorney-in-fact for Robert W. Drummond Jr.

On which market are the PTEN shares in this Form 144 expected to be sold?

The notice states that the 1,605 PATTERSON UTI ENERGY INC common shares are to be sold on NASDAQ.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/01/2026 - 04:16 PM EDT Accepted by SEC EDGAR 09/01/2026 - 04:15 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001645511
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PATTERSON UTI ENERGY INC
SEC File Number	001-39270
Address of Issuer	10713 WEST SAM HOUSTON PARKWAY NORTH SUITE 800 HOUSTON TEXAS 77064
Phone	2817657100
Name of Person for Whose Account the Securities are To Be Sold	Drummond Robert Wayne Jr
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1605	20624.25	381384874	09/01/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/01/2023	Restricted Stock Vesting	Issuer			1605	09/01/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/01/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Robert W. Drummond Jr
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)