Shareholder plans 400,000-share Rule 144 sale in PTEN stock

Rhea-AI Filing Summary

A shareholder has filed a notice of proposed sale under Rule 144 for 400,000 shares of common stock, with an aggregate market value of $3,240,000. The filing lists Goldman Sachs & Co. LLC as broker and targets an approximate sale date of February 13, 2026 on NASD. The issuer had 379,575,200 shares outstanding at the time referenced. The shares were originally acquired on September 1, 2023 as restricted stock awards granted as compensation by the issuer, with compensation noted as the form of payment.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	400000	3240000	379575200	02/13/2026	NASD

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	Acquired as compensation -- Restricted Stock Awards	Issuer			400000	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

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the PTEN Form 144 filing disclose about planned share sales?

The Form 144 shows a shareholder plans to sell 400,000 common shares with an aggregate market value of $3,240,000. The proposed sales are to be executed through Goldman Sachs & Co. LLC on NASD, around February 13, 2026.

How many PTEN shares are outstanding compared with the planned Form 144 sale?

The issuer had 379,575,200 shares outstanding when referenced in the Form 144. The shareholder’s planned sale of 400,000 common shares represents only a small portion relative to this total baseline outstanding amount disclosed in the notice.

How were the PTEN shares in this Form 144 originally acquired?

The 400,000 common shares covered by the Form 144 were acquired on September 1, 2023 as restricted stock awards granted as compensation by the issuer, with the nature of payment described simply as compensation on that same date.

Which broker will handle the PTEN Form 144 share sale?

The planned sale of 400,000 common shares is listed with Goldman Sachs & Co. LLC as the broker. The broker’s address is given as 200 West Street, New York, NY 10282, and the intended trading venue is identified as NASD.

What trading venue is identified for the PTEN shares in the Form 144?

The Form 144 identifies NASD as the securities exchange for the planned sale of 400,000 common shares. This designation indicates where the broker, Goldman Sachs & Co. LLC, expects to execute the transactions as described in the filing.

What is the approximate date of sale in the PTEN Form 144 notice?

The filing lists an approximate sale date of February 13, 2026 for the 400,000 common shares. This date reflects when the shareholder expects to begin selling the securities described, subject to Rule 144 conditions and market circumstances at that time.