Robert Drummond files Form 144 to sell 400,000 shares — PTEN (NASDAQ: PTEN)

Rhea-AI Filing Summary

PTEN notice: a Form 144 filing discloses a proposed/previous sale of Common shares by Robert W. Drummond Jr. The filing shows 400,000 Common shares sold on 03/13/2026 for $3,268,400. The record also lists Restricted Stock Units acquired as compensation on 09/01/2023 of 99,775 and 65,000 shares.

Insights

Securities Compliance Counsel

Routine Form 144 notice showing an insider disposition and prior RSU grants.

The filing records a sale of $3,268,400 comprising 400,000 Common shares on 03/13/2026. It also lists RSUs of 99,775 and 65,000 acquired as compensation on 09/01/2023.

These entries are typical of Section 15(g) notices; cash‑flow treatment and whether additional sales are planned are not stated in the provided excerpt. Subsequent SEC filings would show related Rule 144 compliance detail.

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	164775	1670818.5	379575200	03/16/2026	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 Units	Issuer			99775	09/01/2023	Compensation
Common	09/01/2023	Acquired as compensation -- Restricted Stock Units	Issuer			65000	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Robert W. Drummond Jr. 10713 W. Sam Houston Pkwy N Suite 800 Houston TX 77064	Common	03/13/2026	400000	3268400

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 did PTEN's Form 144 disclose about insider sales?

The filing discloses a reported sale of 400,000 Common shares on 03/13/2026 for $3,268,400. The excerpt lists this sale and prior compensation grants but does not detail further planned transactions or proceeds recipients.

Who is the insider named in the PTEN Form 144 filing?

The filing identifies Robert W. Drummond Jr. as the person associated with the sale of 400,000 Common shares on 03/13/2026. The excerpt shows his address and the transaction quantity and amount.

Does the Form 144 show any compensation awards for PTEN insiders?

Yes; the excerpt lists Restricted Stock Units acquired as compensation on 09/01/2023 of 99,775 and 65,000 Common shares. These grants are recorded as compensation-acquired securities in the filing.

Does the filing indicate how the sale proceeds were used?

No—use of proceeds or cash‑flow treatment is not provided in the excerpt. The filing lists the sale amount $3,268,400 but does not state who received proceeds or their intended use.