Patterson-UTI EVP covers taxes with 12,096 shares

PATTERSON-UTI ENERGY INC Executive Vice President Kenneth N. Berns reported routine share movements related to equity compensation.

Accepted by SEC EDGAR 05/12/2026 - 04:14 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PATTERSON-UTI ENERGY INC Executive Vice President Kenneth N. Berns reported routine share movements related to equity compensation. On May 9, 2026, 12,096 shares of common stock were disposed of to pay applicable withholding taxes on Restricted Stock Units that converted into common stock at $11.42 per share.

After this tax-withholding disposition, Berns held 1,043,987 shares of PATTERSON-UTI common stock directly. In addition, trusts for which he serves as trustee held a further 34,000 shares indirectly. The filing does not show open-market buying or selling, but rather administrative tax settlement tied to RSU vesting.

Insider Trade Summary

Exercise Price or Tax Liability: 12,096 shares

Exercise Price or Tax Liability 1 txn

Insider BERNS KENNETH N

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	12,096	$11.42	$138K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,043,987 shares (Direct); Common Stock — 34,000 shares (Indirect, By Trust(s))

Holdings Before and After: Common Stock, 1,056,083 to 1,043,987 shares (Direct)

Footnotes (2)

1. F1. Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted into Common Stock on May 9, 2026.
2. F2. Held by trust(s) for which the reporting person is the trustee.

Key Figures

Shares used for tax withholding: 12,096 shares Tax-withholding price: $11.42 per share Direct holdings after transaction: 1,043,987 shares +1 more

4 metrics

Shares used for tax withholding 12,096 shares Common Stock, code F tax-withholding disposition on May 9, 2026

Tax-withholding price $11.42 per share Price for 12,096 shares disposed to pay RSU withholding taxes

Direct holdings after transaction 1,043,987 shares Common Stock directly held by Kenneth N. Berns following transaction

Indirect trust holdings 34,000 shares Common Stock held by trust(s) where Berns is trustee

Key Terms

Restricted Stock Units, withholding taxes, tax-withholding disposition, trustee

4 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"

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.

trustee financial

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

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

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

What did PTEN executive Kenneth N. Berns report in this Form 4?

Kenneth N. Berns reported that 12,096 Patterson-UTI common shares were disposed of to cover withholding taxes on Restricted Stock Units that converted into stock. This is a compensation-related tax event, not an open-market purchase or sale of shares.

How many PATTERSON-UTI (PTEN) shares were used to pay RSU taxes?

A total of 12,096 Patterson-UTI common shares were disposed of to pay applicable withholding taxes on Restricted Stock Units that converted into common stock on May 9, 2026. The transaction price reported was $11.42 per share for these shares.

How many PATTERSON-UTI (PTEN) shares does Kenneth N. Berns hold after this filing?

Following the tax-withholding transaction, Kenneth N. Berns directly held 1,043,987 Patterson-UTI common shares. In addition, trusts for which he is trustee held 34,000 shares indirectly, as reflected in a separate holding entry in the Form 4 report.

Was this PTEN insider transaction an open-market sale or purchase?

The reported transaction was not an open-market trade. It was coded “F,” meaning shares were disposed of to satisfy withholding taxes on Restricted Stock Units that converted into common stock, a routine administrative step tied to equity compensation vesting.

How are trust-held PATTERSON-UTI (PTEN) shares reported for Kenneth N. Berns?

The Form 4 shows 34,000 Patterson-UTI shares held indirectly by trust(s) for which Kenneth N. Berns is the trustee. These holdings are reported as indirect ownership, separate from his 1,043,987 directly held common shares after the reported transaction.

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

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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^*

BERNS KENNETH N

(Last) (First) (Middle)

1801 CENTURY PARK EAST

SUITE 1111

(Street)

LOS ANGELES CALIFORNIA 90067

(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)
	Executive Vice President

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		12,096(1)	D	$11.42	1,043,987	D
Common Stock								34,000	I	By Trust(s)(2)

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.

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

Remarks:

	By Forrest Robinson pursuant to a Limited Power of Attorney filed with the SEC on 3/29/2013 /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)