PTEN (NASDAQ: PTEN) affiliate notifies proposed Common stock sales

Rhea-AI Filing Summary

PTEN affiliate submitted a Form 144 notice relating to proposed sales of Common stock. The filing lists sales entries dated 03/12/2025 (25,000 shares), 06/04/2024 (146,523 shares) and 01/27/2023 (78,477 shares). The notice names J.P. Morgan Securities LLC as the broker.

Insights

Securities Counsel

Form 144 records an affiliate's intent to sell registered securities via a broker.

Form 144 is a regulatory notice required when affiliates propose restricted or control-stock sales that may be executed in reliance on resale exemptions. The filing lists specific trade dates and share quantities and identifies J.P. Morgan Securities LLC as the broker-dealer.

Timing and execution details are not provided here; subsequent trade reports (Forms 4 or broker confirmations) would show completion. Review of transaction settlement and Rule 144 eligibility in later filings is recommended.

Key Figures

Broker-dealer address line: 270 Park Avenue - 10th Floor Proposed sale (03/12/2025): 25,000 shares Proposed sale (06/04/2024): 146,523 shares +3 more

6 metrics

Broker-dealer address line 270 Park Avenue - 10th Floor J.P. Morgan Securities LLC address in filing

Proposed sale (03/12/2025) 25,000 shares listed under Securities To Be Sold dated 03/12/2025

Proposed sale (06/04/2024) 146,523 shares listed under Securities To Be Sold dated 06/04/2024

Proposed sale (01/27/2023) 78,477 shares listed under Securities To Be Sold dated 01/27/2023

Header numeric field 379,617,653 numeric value appearing in header row of excerpt

Header date 05/01/2026 date appearing in header row of excerpt

Key Terms

Form 144, Compensation, Issuer

3 terms

Form 144 regulatory

"listed as the filing type and notice of proposed sale"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Compensation financial

"appears in the "Securities To Be Sold" rows as the transaction basis"

Issuer regulatory

"appears in table column indicating relationship to the securities"

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	J.P. Morgan Securities LLC 270 Park Avenue - 10th Floor New York NY 10017	250000	3055000	379617653	05/01/2026	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	03/12/2025	Compensation	Issuer			25000	03/12/2025	N/A
Common	06/04/2024	Compensation	Issuer			146523	06/04/2024	N/A
Common	01/27/2023	Compensation	Issuer			78477	01/27/2023	N/A

* 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 PTEN's Form 144 filing mean?

It notifies the SEC of a planned resale by an affiliate; it does not confirm a completed sale. The filing lists proposed sale dates and share counts and names the executing broker, but execution and settlement details are not included here.

How many shares are listed in the PTEN Form 144 entries?

The filing lists three entries totaling the stated rows: 25,000, 146,523, and 78,477 shares by date. These line items reflect the proposed amounts tied to the specific dates shown in the filing excerpt.

Who is the broker named in the PTEN Form 144?

The broker-dealer identified is J.P. Morgan Securities LLC, with the address shown in the excerpt. The broker is listed as the executing intermediary for the proposed resale transactions.

Does the Form 144 indicate proceeds or pricing for PTEN sales?

No pricing or aggregate proceeds are provided in the excerpt. The filing lists share quantities and dates but does not include per-share prices or total proceeds information.