RPC Inc trust ends indirect hold on 85.1M shares
A large indirect shareholder associated with RPC Inc. reports restructuring-related dispositions that eliminate its reported indirect holdings through two affiliated entities.
Rhea-AI Filing Summary
RPC Inc. (RES) reported that the Gary W. Rollins Voting Trust ceased to be the beneficial owner of a large indirect stake in the company due to internal restructuring transactions on September 17, 2026. The trust reported dispositions of 78,981,820 common shares held through LOR, Inc. and 6,143,360 shares held through RFT Investment Company, LLC, leaving 0 shares reported as indirectly owned through those entities. Footnotes state that these changes resulted from a distribution of certain voting shares of LOR, Inc. to the trust’s beneficiary and reference an earlier pro rata distribution on February 27, 2026 for no consideration, with the trust disclaiming beneficial ownership except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 85,125,180 shares
Other
2 txns
Insider
Gary W. Rollins Voting Trust U/A dated September 14, 1994
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2, F3 | 78,981,820 | -- | -- |
| Other | Common Stock F1, F2, F3 | 6,143,360 | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, Held indirectly through LOR, Inc.);
Common Stock — 0 shares (Indirect, Held indirectly through RFT Investment Company, LLC)
Footnotes (3)
- F1. As a result of the distribution of certain voting shares of LOR, Inc. to the beneficiary of the reporting person on September 17, 2026, the reporting person is no longer the beneficial owner of the shares of the issuer held indirectly by or through LOR, Inc. or RFT Investment Company, LLC.
- F2. Reflects shares that were distributed to the equity holders of RCTLOR, LLC on a pro rata basis, for no consideration on February 27, 2026.
- F3. The reporting person disclaims for the purpose of Section 16 of the Securities and Exchange Act of 1934 the beneficial ownership of such securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.
Key Figures
Indirect shares disposed via LOR, Inc.: 78,981,820 shares
Indirect shares disposed via RFT Investment Company, LLC: 6,143,360 shares
Total shares involved in restructuring transactions: 85,125,180 shares
+3 more
6 metrics
Indirect shares disposed via LOR, Inc.
78,981,820 shares
Common Stock indirectly held through LOR, Inc., transaction dated September 17, 2026
Indirect shares disposed via RFT Investment Company, LLC
6,143,360 shares
Common Stock indirectly held through RFT Investment Company, LLC, transaction dated September 17, 2026
Total shares involved in restructuring transactions
85,125,180 shares
Aggregate restructuring-related dispositions coded as “Other acquisition or disposition”
Shares indirectly owned after each transaction
0 shares
Total shares following transaction for each indirect holding entry
Date of main restructuring disposition
September 17, 2026
Effective date for distribution of certain voting shares of LOR, Inc. affecting beneficial ownership
Date of pro rata distribution for no consideration
February 27, 2026
Shares distributed to equity holders of RCTLOR, LLC on a pro rata basis
Key Terms
beneficial owner, pecuniary interest, Section 16 of the Securities and Exchange Act of 1934, voting shares, +1 more
5 terms
beneficial owner regulatory
"the reporting person is no longer the beneficial owner of the shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest regulatory
"except to the extent of its pecuniary interest therein"
Section 16 of the Securities and Exchange Act of 1934 regulatory
"disclaims for the purpose of Section 16 of the Securities and Exchange Act"
pro rata basis financial
"distributed to the equity holders of RCTLOR, LLC on a pro rata basis"
A "pro rata basis" means dividing or distributing something proportionally according to each person's share or interest. For example, if a group shares costs or profits, each person receives or pays a portion that reflects their contribution or ownership percentage. This method ensures fairness by allocating resources in line with individual stakes, which is important for investors to understand how gains, losses, or costs are fairly shared.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the Form 4 report for RPC Inc. (RES)?
It reported that the Gary W. Rollins Voting Trust disposed of indirect ownership in 78,981,820 RPC Inc. common shares held through LOR, Inc. and 6,143,360 shares held through RFT Investment Company, LLC on September 17, 2026 as part of internal restructuring transactions.
What is the reporting person’s RPC Inc. (RES) position after these transactions?
For the reported indirect holdings, the Form 4 states 0 RPC Inc. common shares following each transaction. The trust also disclaims beneficial ownership of the securities except to the extent of its pecuniary interest, as noted in a footnote.
Were these RPC Inc. (RES) transactions market sales for cash?
The entries use code J, described as “Other acquisition or disposition,” and footnotes explain that shares were affected through distributions of voting shares and related pro rata distributions, including one on February 27, 2026 for no consideration, rather than stated open-market sales.
Why is the Gary W. Rollins Voting Trust no longer a beneficial owner of certain RPC Inc. (RES) shares?
A footnote explains that, due to the distribution of certain voting shares of LOR, Inc. to the trust’s beneficiary on September 17, 2026, the trust is no longer the beneficial owner of RPC Inc. shares held indirectly by or through LOR, Inc. or RFT Investment Company, LLC.
Was a Rule 10b5-1 trading plan involved in these RPC Inc. (RES) transactions?
No. The Form 4 indicates the document-level Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
