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  4. [144] PATTERSON UTI ENERGY INC SEC Filing

Patterson-UTI CEO plans $3.2M stock sale

PATTERSON UTI ENERGY INC (PTEN) received a notice that President and CEO William A. Hendricks, through J.P.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

PATTERSON UTI ENERGY INC (PTEN) received a notice that President and CEO William A. Hendricks, through J.P. Morgan Securities LLC as his agent and attorney-in-fact, has filed to sell up to 250,000 shares of common stock under Rule 144.

The planned sale has an indicated aggregate market value of $3,197,500, with 381,384,874 common shares outstanding at the time of the notice. Hendricks previously sold 200,000 shares for $2,317,212.05 within the prior three months.

Positive

  • None.

Negative

  • None.
Shares proposed for sale 250,000 shares Common stock under Rule 144 notice by William A. Hendricks
Aggregate market value of proposed sale $3,197,500 Value for 250,000 PTEN common shares in the Rule 144 notice
Shares outstanding 381,384,874 shares Common shares outstanding for Patterson-UTI Energy, Inc. referenced in the notice
Shares sold in past three months 200,000 shares PTEN common shares sold on June 5, 2026
Proceeds from past three-month sale $2,317,212.05 Total for 200,000 PTEN common shares sold on June 5, 2026
Acquisition date of shares to be sold March 14, 2022 Date Hendricks acquired 250,000 PTEN shares as compensation from issuer
Notice date September 2, 2026 Date associated with the Form 144 notice and signature
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.
aggregate market value financial
"Common ... 250000 | 3197500 | 381384874"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
attorney-in-fact regulatory
"J.P. Morgan Securities LLC as agent and attorney-in-fact for William A. Hendricks"
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.
issuer regulatory
"Common | 03/14/2022 | Compensation | Issuer"

FAQ

What insider sale is disclosed for PTEN in this Form 144?
The notice states that President and CEO William A. Hendricks, through J.P. Morgan Securities LLC, proposes to sell up to 250,000 shares of Patterson-UTI Energy, Inc. common stock under Rule 144.

What is the aggregate market value of the PTEN shares proposed for sale?
The filing lists an aggregate market value of $3,197,500 for the 250,000 PTEN common shares proposed to be sold under Rule 144.

How many Patterson-UTI (PTEN) shares are outstanding in this notice?
The Form 144 states that there are 381,384,874 common shares outstanding for Patterson-UTI Energy, Inc. in connection with this notice; this is a baseline figure, not the amount being sold.

What PTEN stock sales has William A. Hendricks made in the last three months?
The notice reports that 200,000 PTEN common shares were sold on June 5, 2026 for a total of $2,317,212.05 during the past three months.

How and when did William A. Hendricks acquire the PTEN shares being sold?
The filing indicates the 250,000 PTEN common shares to be sold were acquired on March 14, 2022 from the issuer as compensation.

Who is acting as broker for the planned PTEN share sale?
The broker listed is J.P. Morgan Securities LLC, located at 270 Park Avenue, New York, which is identified as the firm through which the 250,000 PTEN common shares may be sold on the NASDAQ market.

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

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR