PTEN director-linked trusts sell 400,000 shares

Accepted by SEC EDGAR 02/17/2026 - 04:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Patterson-UTI Energy director Drummond Robert Wayne Jr. reported that trusts associated with him executed an open-market sale of 400,000 shares of common stock on February 13, 2026 at a weighted average price of $8.17 per share, in multiple trades between $8.01 and $8.29. After this sale, the trusts held 164,775 shares indirectly, while Drummond also reported 1,512,947 shares held directly. The filing clarifies that he serves as trustee for the trusts involved in the transaction.

Insider Trade Summary

Net Seller: 400,000 shares

Net Sell 1 txn

Insider Drummond Robert Wayne Jr

Role Director

Sold 400,000 shs ($3.27M)

Share of Position Sold 70.8%

Type	Security	Shares	Price	Value
Sale	Common Stock	400,000	$8.17	$3.27M
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 164,775 shares (Indirect, By Trust(s)); Common Stock — 1,512,947 shares (Direct)

Holdings Before and After: Common Stock, 564,775 to 164,775 shares (Indirect, By Trust(s))

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $8.01 to $8.29, 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.
2. F2. Held by trust(s) for which the reporting person is a trustee.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PTEN director Drummond Robert Wayne Jr report?

He reported an open-market sale of 400,000 shares of Patterson-UTI Energy common stock through trusts associated with him. The transaction occurred on February 13, 2026, and is disclosed as an indirect sale by those trusts.

At what price were the PTEN shares sold in this Form 4 filing?

The reported weighted average sale price was $8.17 per share. The shares were sold in multiple transactions within a price range from $8.01 to $8.29, as detailed in the explanatory footnote to the filing.

How many PTEN shares do the trusts hold after the reported sale?

Following the reported transaction, the trusts associated with Drummond Robert Wayne Jr beneficially owned 164,775 shares of Patterson-UTI Energy common stock. These holdings are reported as indirect ownership, with Drummond serving as trustee for the trusts.

How many PTEN shares does Drummond Robert Wayne Jr hold directly after this filing?

The Form 4 reports that Drummond Robert Wayne Jr directly owned 1,512,947 shares of Patterson-UTI Energy common stock after the transactions. This direct position is reported separately from the 164,775 shares held indirectly through trusts.

What do the Form 4 footnotes explain about the PTEN share sale?

One footnote explains the $8.17 price is a weighted average of multiple trades between $8.01 and $8.29, and offers full trade details upon request. Another clarifies that the sold shares are held by trusts for which Drummond Robert Wayne Jr is trustee.

What is the role of Drummond Robert Wayne Jr at Patterson-UTI Energy (PTEN)?

He is reported as a director of Patterson-UTI Energy. The Form 4 indicates he is not an officer or 10% owner, and it primarily discloses his direct and trust-related beneficial holdings in the company’s common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Drummond Robert Wayne Jr

(Last) (First) (Middle)

10713 W SAM HOUSTON PKWY N

SUITE 800

(Street)

HOUSTON TX 77064

(City) (State) (Zip)

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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

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

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

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	02/13/2026	02/13/2026	S		400,000	D	$8.17(1)	164,775	I	By Trust(s)(2)
Common Stock								1,512,947	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 $8.01 to $8.29, 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.

2. Held by trust(s) for which the reporting person is a trustee.

Remarks:

	By Forrest Robinson pursuant to a limited power of attorney filed with the SEC on 09/06/2023 /s/Forrest Robinson	02/17/2026
	** 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.