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  4. [Form 4] PATTERSON UTI ENERGY INC Insider Trading Activity

Patterson-UTI (NASDAQ: PTEN) EVP updates share and RSU holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Patterson-UTI Energy EVP & Chief Business Officer James Michael Holcomb reported routine equity compensation activity. On April 30, 2026, he was granted 54,800 restricted stock units tied to common stock and 36,500 cash-settled restricted stock units, each vesting in three equal installments on April 30, 2027, 2028 and 2029.

On May 1, 2026, 22,900 restricted stock units vested and converted into common stock, and 13,665 shares were withheld at $12.22 per share to cover taxes. The filing also reflects settlement of 22,900 cash-settled restricted stock units, which under SEC guidance is deemed a simultaneous issuance and disposition to the company for cash, though no shares were actually issued or sold. After these entries, Holcomb directly holds 593,659 shares of common stock.

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Insider Holcomb James Michael
Role EVP & Chief Business Officer
Type Security Shares Price Value
Exercise Cash-Settled Restricted Stock Units 22,900 $0.00 --
Tax Withholding Common Stock 13,665 $12.22 $167K
Exercise Common Stock 22,900 $0.00 --
Disposition Common Stock 22,900 $10.80 $247K
Grant/Award Cash-Settled Restricted Stock Units 36,500 $0.00 --
Grant/Award Common Stock 54,800 $0.00 --
Holdings After Transaction: Cash-Settled Restricted Stock Units — 82,300 shares (Direct, null); Common Stock — 593,659 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units that convert into shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"), on a one-for-one basis. One-third of the restricted stock units vests on each of April 30, 2027, April 30, 2028 and April 30, 2029. Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted into Common Stock on May 1, 2026. Reflects the settlement of cash-settled restricted stock units that vested on May 1, 2026. No shares were actually issued, disposed or sold. Under applicable SEC guidance, cash settlement of restricted stock units is deemed to involve the conversion of the cash-settled restricted stock units into the underlying common stock and the simultaneous disposition of the common stock to the Company for cash. Accordingly, Table 1 uses Transaction Code D to report the cash-settled restricted stock unit settlement. Each cash-settled restricted stock unit represents a contingent right to receive cash in an amount equal to the value of one share of Common Stock on the applicable vesting date. One-third of the cash-settled restricted stock units vests on each of April 30, 2027, April 30, 2028 and April 30, 2029.
RSU grant 54,800 units Restricted stock units granted April 30, 2026
Cash-settled RSU grant 36,500 units Cash-settled restricted stock units granted April 30, 2026
RSUs vested 22,900 units Restricted stock units converted to common stock on May 1, 2026
Tax withholding shares 13,665 shares at $12.22 Shares disposed to cover withholding taxes on May 1, 2026
Common shares held 593,659 shares Direct holdings after May 1, 2026 transactions
Cash-settled RSU balance 82,300 units Cash-settled restricted stock units after settlement of 22,900 units
restricted stock units financial
"Restricted stock units that convert into shares of the Issuer's common stock"
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.
cash-settled restricted stock units financial
"Reflects the settlement of cash-settled restricted stock units that vested on May 1, 2026."
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.
contingent right to receive cash financial
"Each cash-settled restricted stock unit represents a contingent right to receive cash"
Transaction Code D regulatory
"Accordingly, Table 1 uses Transaction Code D to report the cash-settled restricted stock unit settlement."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Business Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/30/2026A54,800(1)A$0607,324D
Common Stock05/01/2026F13,665(2)D$12.22593,659D
Common Stock05/01/2026M22,900A(3)616,559D
Common Stock05/01/2026D22,900(4)D$10.8593,659D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Cash-Settled Restricted Stock Units(5)04/30/2026A36,500 (5) (5)Common Stock36,500(5)105,200D
Cash-Settled Restricted Stock Units(3)05/01/2026M22,900 (3) (3)Common Stock22,900(3)82,300D
Explanation of Responses:
1. Restricted stock units that convert into shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"), on a one-for-one basis. One-third of the restricted stock units vests on each of April 30, 2027, April 30, 2028 and April 30, 2029.
2. Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted into Common Stock on May 1, 2026.
3. Reflects the settlement of cash-settled restricted stock units that vested on May 1, 2026.
4. No shares were actually issued, disposed or sold. Under applicable SEC guidance, cash settlement of restricted stock units is deemed to involve the conversion of the cash-settled restricted stock units into the underlying common stock and the simultaneous disposition of the common stock to the Company for cash. Accordingly, Table 1 uses Transaction Code D to report the cash-settled restricted stock unit settlement.
5. Each cash-settled restricted stock unit represents a contingent right to receive cash in an amount equal to the value of one share of Common Stock on the applicable vesting date. One-third of the cash-settled restricted stock units vests on each of April 30, 2027, April 30, 2028 and April 30, 2029.
Remarks:
By Forrest Robinson pursuant to a Limited Power of Attorney filed with the SEC on 6/11/2013 /s/Forrest Robinson05/04/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did PTEN executive James Michael Holcomb report in this Form 4?

Holcomb reported routine equity compensation activity, including new grants of restricted stock units and cash-settled units, plus vesting and related tax withholding. The transactions update his share and unit holdings without reflecting open-market buying or selling.

How many restricted stock units did PTEN grant to Holcomb?

He received 54,800 restricted stock units tied to common stock and 36,500 cash-settled restricted stock units. Both awards vest in three equal annual installments on April 30, 2027, 2028 and 2029, providing multi-year, performance-aligned compensation.

What happened when Holcomb’s PTEN restricted stock units vested on May 1, 2026?

On May 1, 2026, 22,900 restricted stock units vested and converted into an equal number of common shares. Of those shares, 13,665 were disposed back to the company at $12.22 per share to satisfy withholding tax obligations rather than sold on the open market.

How are PTEN cash-settled restricted stock units treated in Holcomb’s Form 4?

Cash-settled restricted stock units are reported as if converted into common stock and simultaneously disposed to the company for cash. Footnotes clarify no actual shares were issued or sold; each unit represents a right to cash equal to one share’s value at vesting.

What are Holcomb’s PTEN common stock holdings after these transactions?

After the reported vesting, tax withholding and deemed dispositions, Holcomb directly holds 593,659 shares of Patterson-UTI Energy common stock. This figure reflects all non-derivative holdings following the May 1, 2026 transactions disclosed in the Form 4.