Patterson-UTI Energy (NASDAQ: PTEN) holder plans 207,000-share sale
Rhea-AI Filing Summary
PATTERSON UTI ENERGY INC (PTEN) received a Rule 144 notice indicating a proposed resale of its common stock by James Stewart, acting as Manager of the General Partner of JCS Partners LP. The notice lists 207,000 shares of common stock to be sold through UBS Financial Services Inc. on NASDAQ, with an aggregate market value of $2,400,000 and 381,384,874 shares outstanding as represented in the notice. The securities relate to 1,839,089 shares originally acquired in the October 31, 2019 merger with NexTier. JCS Partners LP is identified as the account owner for these PTEN shares.
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Key Figures
Shares to be sold: 207,000 shares of common stock
Aggregate market value: $2,400,000
Shares outstanding: 381,384,874 shares
+3 more
6 metrics
Shares to be sold
207,000 shares of common stock
Proposed Rule 144 sale through UBS Financial Services Inc.
Aggregate market value
$2,400,000
Value of 207,000 PTEN common shares listed in the notice
Shares outstanding
381,384,874 shares
PTEN common shares outstanding as represented in the notice
Shares acquired in merger
1,839,089 shares
PTEN common shares associated with merger with NexTier
Acquisition date
October 31, 2019
Date of merger-related acquisition of PTEN shares with NexTier
Date of notice
August 25, 2026
Date the Rule 144 notice is signed
Key Terms
Rule 144, aggregate market value, attorney-in-fact, Merger with NexTier
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.
aggregate market value financial
"common | UBS Financial Services Inc ... | 207000 | 2400000 |"
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
"as attorney-in-fact for James Stewart as Manager of General Partner"
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.
Merger with NexTier financial
"COMMON | 10/31/2019 | Merger with NexTier | Issuer |"
FAQ
What is being disclosed for PTEN in this Form 144 filing?
The filing discloses a proposed resale under Rule 144 of 207,000 PTEN common shares by James Stewart, as Manager of the General Partner of JCS Partners LP, through UBS Financial Services Inc. on NASDAQ, with an aggregate market value of $2,400,000.
Who is the selling security holder in the PTEN Form 144 notice?
The securities are to be sold for the account of James Stewart, acting as Manager of the General Partner of JCS Partners LP. JCS Partners LP is identified as the account owner under which the PTEN shares will be sold.
Who is authorized to sign for the seller in the PTEN Form 144?
The notice is signed by Mijo Suric for UBS Financial Services Inc., acting as attorney-in-fact for James Stewart as Manager of the General Partner for JCS Partners LP, dated August 25, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.