Insider sale notice: PTEN (NASDAQ: PTEN) files Form 144 to sell shares

Rhea-AI Filing Summary

The filing is a Form 144 notice reporting proposed resale activity in common stock. It lists a proposed sale of 200,000 shares (identified under "Securities To Be Sold") and discloses that 250,000 shares were sold on 05/01/2026 for $2,962,500. The broker listed is J.P. Morgan Securities LLC.

Key Figures

Proposed resale: 200,000 shares Recent sale: 250,000 shares Aggregate value of recent sale: $2,962,500 +1 more

4 metrics

Proposed resale 200,000 shares listed under "Securities To Be Sold"

Recent sale 250,000 shares sold on 05/01/2026

Aggregate value of recent sale $2,962,500 associated with 250,000 shares on 05/01/2026

Reported figure with date 379,617,653 appears with date 06/05/2026 in header

Key Terms

Form 144, Securities To Be Sold, Broker

3 terms

Form 144 regulatory

"The filing is a <b>Form 144</b> notice reporting proposed resale activity"

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.

Securities To Be Sold financial

"144: Securities To Be Sold Common | 03/14/2022 | Compensation | Issuer | 200000"

Broker financial

"J.P. Morgan Securities LLC 270 Park Avenue - 10th Floor New York NY 10017"

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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	200000	2480000	379617653	06/05/2026	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	03/14/2022	Compensation	Issuer			200000	03/14/2022	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
William Hendricks 10713 WEST SAM HOUSTON PARKWAY NORTH Suite 800 Houston TX 77064	Common	05/01/2026	250000	2962500

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 report?

The filing reports a proposed resale of 200,000 shares of common stock and a recent sale of 250,000 shares on 05/01/2026 for $2,962,500. The broker named is J.P. Morgan Securities LLC.

Who is the selling party shown on the Form 144?

The seller named in the excerpt is William Hendricks with an address in Houston, TX. The filing ties his recent sale to 05/01/2026 and lists the broker as J.P. Morgan Securities LLC.

How many shares were sold in the past three months according to the filing?

The filing shows 250,000 shares sold on 05/01/2026 with an aggregate value of $2,962,500. This amount is presented under "Securities Sold During The Past 3 Months."

Does the filing show outstanding share count for PTEN?

The excerpt includes a figure of 379,617,653 associated with 06/05/2026. This number appears in the securities block but the filing text does not state its label explicitly beyond placement in the header.