Patterson-UTI (NASDAQ: PTEN) COO reports tax-withholding of 12,395 shares

Rhea-AI Filing Summary

PATTERSON UTI ENERGY INC executive James Michael Holcomb reported a routine tax-related share disposition. On May 9, 2026, 12,395 shares of common stock were withheld at a price of $11.42 per share to cover applicable taxes on Restricted Stock Units that converted into common stock. After this withholding transaction, Holcomb directly holds 571,523 shares of PATTERSON UTI ENERGY INC common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Holcomb James Michael

Role EVP & Chief Operating Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	12,395	$11.42	$142K

Holdings After Transaction: Common Stock — 571,523 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 12,395 shares Withholding price per share: $11.42/share Shares held after transaction: 571,523 shares

3 metrics

Shares withheld for taxes 12,395 shares Tax-withholding disposition on May 9, 2026

Withholding price per share $11.42/share Value used for tax-withholding disposition

Shares held after transaction 571,523 shares Direct holdings after May 9, 2026 tax withholding

Key Terms

Restricted Stock Units, withholding taxes, tax-withholding disposition

3 terms

Restricted Stock Units financial

"Restricted Stock Units converted into Common Stock on May 9, 2026."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

withholding taxes financial

"Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Holcomb James Michael

(Last) (First) (Middle)

10713 W. SAM HOUSTON PKWY N.

SUITE 800

(Street)

HOUSTON TEXAS 77064

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PATTERSON UTI ENERGY INC [ PTEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/09/2026		F		12,395(1)	D	$11.42	571,523	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted into Common Stock on May 9, 2026.

Remarks:

	By Forrest Robinson pursuant to a Limited Power of Attorney filed with the SEC on 6/11/2013 /s/Forrest Robinson	05/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did PTEN executive James Michael Holcomb report?

James Michael Holcomb reported a tax-related share disposition. On May 9, 2026, 12,395 PATTERSON UTI ENERGY INC common shares were withheld at $11.42 each to satisfy withholding taxes on Restricted Stock Units converting into common stock.

Was the PTEN Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were delivered to cover applicable withholding taxes arising from Restricted Stock Units that converted into PATTERSON UTI ENERGY INC common stock on May 9, 2026.

How many PTEN shares were withheld for taxes from James Michael Holcomb?

A total of 12,395 PATTERSON UTI ENERGY INC common shares were withheld. The shares were valued at $11.42 per share and were used solely to pay applicable withholding taxes on Restricted Stock Units that converted into common stock on May 9, 2026.

How many PTEN shares does James Michael Holcomb hold after this Form 4 transaction?

After the tax-withholding disposition, James Michael Holcomb directly holds 571,523 PATTERSON UTI ENERGY INC common shares. This figure reflects his position following the withholding of 12,395 shares used to satisfy tax obligations tied to Restricted Stock Unit conversion.

What does transaction code F mean in the PTEN Form 4 filing?

Transaction code F indicates a tax-withholding disposition. In this PTEN Form 4, shares were delivered to pay withholding taxes on Restricted Stock Units converting into common stock, rather than being sold on the open market by James Michael Holcomb.