Drilling Tools (DTI) division president sells 997 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drilling Tools International Corp executive Michael Wayne Domino Jr., President of the DTR Division, sold 997 shares of common stock in an open-market transaction at $4.00 per share, and now holds 1,449,002 shares directly.
The sale was completed under a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025. Footnotes also note recent equity incentives, including 22,859 restricted stock units and 68,577 performance stock units granted on February 27, 2026 under the company’s 2023 Omnibus Incentive Plan, along with fully vested stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 997 shares ($3,988)
Net Sell
6 txns
Insider
Domino Michael Wayne Jr.
Role
President, DTR Division
Sold
997 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 997 | $4.00 | $4K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,449,002 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Stock Option (Right to Buy) — 0 shares (Direct)
Footnotes (1)
- This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Drilling Tools International Corp's (the "Company") common stock. The RSUs vest in substantially equal installments on each of the first four (4) anniversaries of the grant date, February 28, 2025. On February 27, 2026, the reporting person was granted 22,859 RSUs under the Company's 2023 Omnibus Incentive Plan, as may be amended from time to time (the "Plan"), pursuant to the 2026 long-term incentive program approved by the Board of Directors (the "2026 LTIP"). The RSUs vest in substantially equal installments on each of the first three (3) anniversaries of the grant date, subject to continued service. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock. On February 27, 2026, the reporting person was granted 68,577 PSUs under the Plan, pursuant to the 2026 LTIP. The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted at 100%, with annual reset over a three-year performance vesting period. Achievement at threshold results in a 50% payout opportunity, while achievement at maximum results in a 200% payout opportunity. Two-thirds (2/3) of the stock options have vested in substantially equal installments on each of the first two (2) anniversaries of the grant date, with the remaining one-third (1/3) scheduled to vest on the third (3rd) anniversary of the grant date, February 14, 2024. All shares of common stock subject to the stock options are vested.
Key Figures
Shares sold: 997 shares
Sale price: $4.00 per share
Shares held after sale: 1,449,002 shares
+4 more
7 metrics
Shares sold
997 shares
Open-market sale of common stock
Sale price
$4.00 per share
Price for the 997-share sale
Shares held after sale
1,449,002 shares
Direct common stock holdings post-transaction
RSUs granted
22,859 units
RSUs granted on February 27, 2026 under 2026 LTIP
PSUs granted
68,577 units
PSUs granted on February 27, 2026 under 2026 LTIP
PSU payout range
50% to 200%
Payout range based on EBITDA performance conditions
10b5-1 plan adoption date
November 17, 2025
Date trading plan for sale was adopted
Key Terms
Rule 10b5-1 trading plan, restricted stock unit ("RSU"), performance stock unit ("PSU"), 2023 Omnibus Incentive Plan, +2 more
6 terms
Rule 10b5-1 trading plan financial
"This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
performance stock unit ("PSU") financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share"
2023 Omnibus Incentive Plan financial
"granted 22,859 RSUs under the Company's 2023 Omnibus Incentive Plan"
EBITDA financial
"The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted at 100%"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
performance vesting period financial
"with annual reset over a three-year performance vesting period"
FAQ
What insider transaction did Drilling Tools International (DTI) report on this Form 4?
Drilling Tools International reported that executive Michael Wayne Domino Jr. sold 997 shares of common stock at $4.00 per share. After this open-market sale, he directly holds 1,449,002 shares, indicating the transaction was small relative to his remaining stake.
Who is the insider involved in the latest DTI Form 4 filing?
The insider is Michael Wayne Domino Jr., President of the DTR Division at Drilling Tools International. He executed an open-market sale of 997 common shares at $4.00 per share and continues to hold 1,449,002 shares directly following the transaction.
Was the Drilling Tools (DTI) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the 997-share sale at $4.00 per share was completed under a Rule 10b5-1 trading plan. This plan was adopted by Michael Wayne Domino Jr. on November 17, 2025, indicating the sale was pre-arranged rather than opportunistic.
What equity awards were granted to the DTI executive mentioned in this Form 4?
The filing notes grants on February 27, 2026 of 22,859 restricted stock units and 68,577 performance stock units under the 2023 Omnibus Incentive Plan. The performance units vest based on EBITDA goals over a three-year performance period, with payouts from 50% to 200% of target.
How do the DTI performance stock units in this Form 4 vest and pay out?
Each performance stock unit represents a right to one share if performance targets are met. Awards granted February 27, 2026 vest over a three-year period based on EBITDA. Achieving threshold performance yields 50% payout, while maximum performance yields 200% of the target units.