Patterson-UTI (PTEN) CEO sells 200,000 shares but keeps 2.54M stake

Rhea-AI Filing Summary

Patterson-UTI Energy President & CEO William Andrew Hendricks Jr. sold 200,000 shares of common stock in an open-market transaction at a weighted average price of $11.64 per share. After this sale, he directly holds 2,542,474 shares of Patterson-UTI Energy common stock.

Insights

Equity ownership analyst

CEO executed an open-market sale of 200,000 shares while retaining a sizable stake.

William Andrew Hendricks Jr., President & CEO of Patterson-UTI Energy, completed an open-market sale of 200,000 common shares at a weighted average price of $11.64. The filing notes this price reflects multiple trades between $11.57 and $11.73 per share.

Following the transaction, Hendricks directly owns 2,542,474 shares of common stock, indicating he retains a substantial equity position. The sale represents only a portion of his holdings, and there are no derivative positions listed in this filing’s derivative summary.

The footnote emphasizes the weighted-average pricing and offers regulators and shareholders access to detailed trade breakdowns upon request. There is no mention of a Rule 10b5-1 trading plan in the provided excerpt, so the filing simply documents a discretionary open-market sale by the CEO.

Insider Trade Summary

Net Seller: 200,000 shares ($2,328,000)

Net Sell 1 txn

Insider Hendricks William Andrew JR

Role President & CEO

Sold 200,000 shs ($2.33M)

Type	Security	Shares	Price	Value
Sale	Common Stock	200,000	$11.64	$2.33M

Holdings After Transaction: Common Stock — 2,542,474 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 200,000 shares Weighted average sale price: $11.64 per share Price range of trades: $11.57–$11.73 per share +1 more

4 metrics

Shares sold 200,000 shares Open-market sale of common stock on 2026-06-05

Weighted average sale price $11.64 per share Average of multiple trades between $11.57 and $11.73

Price range of trades $11.57–$11.73 per share Range of individual sale prices within the 200,000-share transaction

Shares owned after sale 2,542,474 shares CEO’s direct holdings following the reported transaction

Key Terms

open-market sale, weighted average price, Form 4, common stock

4 terms

open-market sale financial

"200,000 shares of common stock in an open-market transaction at a weighted average price"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 regulatory

"as disclosed in the Form 4 insider trading report"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

common stock financial

"sold 200,000 shares of common stock in an open-market transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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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^*

Hendricks William Andrew JR

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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	06/05/2026		S		200,000	D	$11.64(1)	2,542,474	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $11.57 to $11.73, inclusive. The Reporting Person undertakes to provide to Patterson-UTI Energy, Inc., any security holder of Patterson-UTI Energy, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	By Forrest Robinson pursuant to a Limited Power of Attorney filed with the SEC on 4/24/2013 /s/ Forrest Robinson	06/09/2026
	** 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

How many Patterson-UTI Energy (PTEN) shares did the CEO sell?

The CEO, William Andrew Hendricks Jr., sold 200,000 shares of Patterson-UTI Energy common stock. These shares were sold in an open-market transaction, as disclosed in the Form 4 insider trading report.

At what price did PTEN’s CEO sell his Patterson-UTI Energy shares?

He sold the shares at a weighted average price of $11.64 per share. The trades occurred in multiple transactions with prices ranging from $11.57 to $11.73, according to the Form 4 footnote.

How many Patterson-UTI Energy (PTEN) shares does the CEO still own after this sale?

After the sale, the CEO directly owns 2,542,474 shares of Patterson-UTI Energy common stock. This post-transaction figure reflects his remaining direct holdings as reported in the Form 4 filing.

Was the PTEN CEO’s share sale a single trade or multiple trades?

The Form 4 states the reported price is a weighted average, meaning the 200,000 shares were sold in multiple trades. These trades occurred between $11.57 and $11.73 per share during the same transaction date.

What type of transaction did the PTEN CEO use to sell shares?

The transaction is described as an open-market sale of common stock. This indicates the CEO sold shares on the open market rather than through a private arrangement or as part of a derivative exercise.