Patterson-UTI officer plans $1.5M stock sale

PATTERSON UTI ENERGY INC (PTEN) has a planned sale of restricted stock reported under Rule 144 for the account of officer Seth David Wexler.

Rhea-AI Filing Summary

PATTERSON UTI ENERGY INC (PTEN) has a planned sale of restricted stock reported under Rule 144 for the account of officer Seth David Wexler. The notice covers the proposed sale of 120,000 shares of common stock through Fidelity Brokerage Services LLC on or after 09/01/2026 on NASDAQ.

The shares have an aggregate market value of $1,530,002.50 and are part of a larger base of 381,384,874 shares of common stock outstanding. The securities to be sold were acquired from the issuer as compensation upon restricted stock vesting in May 2022 and May 2023.

Key Figures

Shares to be sold: 120,000 shares of common stock Aggregate market value: $1,530,002.50 Shares outstanding: 381,384,874 shares +3 more

6 metrics

Shares to be sold 120,000 shares of common stock Proposed Rule 144 sale for the account of Seth David Wexler

Aggregate market value $1,530,002.50 Value of 120,000 shares of PATTERSON UTI ENERGY INC common stock

Shares outstanding 381,384,874 shares Common stock outstanding for PATTERSON UTI ENERGY INC

Acquired via restricted stock vesting (2022) 81,867 shares Restricted stock vesting on 05/13/2022 as compensation

Acquired via restricted stock vesting (2023) 38,133 shares Restricted stock vesting on 05/13/2023 as compensation

Planned sale date 09/01/2026 Date associated with the proposed NASDAQ sale

Key Terms

Rule 144, restricted stock vesting, attorney-in-fact, aggregate market value

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 | 05/13/2022 | 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"

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.

aggregate market value financial

"Common | Fidelity Brokerage Services LLC ... | 120000 | 1530002.50"

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.

FAQ

What does the Form 144 filing disclose for PTEN?

It discloses a planned Rule 144 sale of 120,000 shares of PATTERSON UTI ENERGY INC (PTEN) common stock for the account of officer Seth David Wexler, with an aggregate market value of $1,530,002.50, to be sold through Fidelity Brokerage Services LLC.

Who is selling PTEN stock according to this Form 144?

The notice is filed for the account of Seth David Wexler, identified as an officer of PATTERSON UTI ENERGY INC (PTEN). Fidelity Brokerage Services LLC is listed as the broker and signs as attorney-in-fact on his behalf.

How many PTEN shares are proposed to be sold and at what value?

The Form 144 covers a proposed sale of 120,000 shares of PATTERSON UTI ENERGY INC (PTEN) common stock, with an aggregate market value of $1,530,002.50 as stated in the securities information section.

When were the PTEN shares to be sold originally acquired?

The securities to be sold were acquired from the issuer as compensation upon restricted stock vesting: 81,867 shares vested on 05/13/2022 and 38,133 shares vested on 05/13/2023.

How many PTEN shares are outstanding in this Form 144?

The filing lists 381,384,874 shares of PATTERSON UTI ENERGY INC (PTEN) common stock outstanding, providing a context figure relative to the 120,000 shares covered by the planned sale.

On which market is the PTEN stock to be sold under this notice?

The common stock covered by this Form 144 notice for PATTERSON UTI ENERGY INC (PTEN) is listed for sale on NASDAQ, as specified in the securities information section.

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Available on EDGAR 09/01/2026 - 01:41 PM Accepted by SEC EDGAR 09/01/2026 - 01:40 PM 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	0001469527
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	Wexler Seth David
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	Officer

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	120000	1530002.50	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	05/13/2022	Restricted Stock Vesting	Issuer			81867	05/13/2022	Compensation
Common	05/13/2023	Restricted Stock Vesting	Issuer			38133	05/13/2023	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/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Seth Wexler
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)