Robert Drummond sells 400,000 PTEN shares for $3.27M (PTEN)

Rhea-AI Filing Summary

Robert W. Drummond Jr. reported a proposed sale and prior transactions involving common stock of PTEN. The filing lists a sale of $3,268,400 for 400,000 shares on 02/13/2026. It also reports restricted stock units acquired as compensation on 09/01/2023 totaling 99,775 and 65,000 shares.

The notice is a Rule 144/A submission listing the securities and recent sale activity; the document records acquisition dates and quantities but does not state any planned future sales or proceeds recipient details beyond the sale record.

Insights

Insider Transactions Analyst

Routine Rule 144 notice showing an insider sale and RSU holdings.

The filing documents a sale of 400,000 shares for $3,268,400 on 02/13/2026 and two RSU grants from 09/01/2023 of 99,775 and 65,000 shares. This presents the visible transaction history and compensation-related holdings.

Impact depends on the holder's remaining position and any future dispositions; subsequent filings (Forms 4/5 or additional 144s) would provide further clarity on ongoing insider activity.

Securities Compliance Counsel

This is an administrative disclosure under Rule 144/A, not a corporate action.

Form 144/A documents proposed or previously effected sales by an affiliate and lists the securities, acquisition dates, and quantities. It helps record compliance with resale restrictions tied to compensation awards (RSUs).

No enforcement, litigation, or approval language appears; cash‑flow treatment and recipient details beyond the sale amount are not provided in the excerpt.

Key Figures

Shares sold (past 3 months): 400,000 shares Aggregate sale proceeds: $3,268,400 RSUs acquired: 99,775 shares +1 more

4 metrics

Shares sold (past 3 months) 400,000 shares Sale dated <date>02/13/2026</date>

Aggregate sale proceeds $3,268,400 Proceeds reported for the 400,000-share sale

RSUs acquired 99,775 shares Acquired as compensation on <date>09/01/2023</date>

RSUs acquired 65,000 shares Acquired as compensation on <date>09/01/2023</date>

Key Terms

Rule 144/A, Restricted Stock Units, Aggregate proceeds

3 terms

Rule 144/A regulatory

"144/A: Securities Sold During The Past 3 Months"

Restricted Stock Units financial

"Acquired as compensation -- Restricted Stock Units"

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.

Aggregate proceeds financial

"400000 | 3268400"

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	164775	1670818.5	379575200	03/16/2026	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/01/2023	Acquired as compensation -- Restricted Stock Units	Issuer			99775	09/01/2023	Compensation
Common	09/01/2023	Acquired as compensation -- Restricted Stock Units	Issuer			65000	09/01/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Robert W. Drummond Jr. 10713 W. Sam Houston Pkwy N Suite 800 Houston TX 77064	Common	02/13/2026	400000	3268400

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the PTEN Form 144/A disclose about recent insider sales?

It disclosed a sale of 400,000 shares for $3,268,400 on 02/13/2026. The filing records the sale quantity and aggregate proceeds but does not detail subsequent trades or intentions.

Does the filing list recent equity awards for PTEN insiders?

Yes. It lists restricted stock units acquired as compensation on 09/01/2023 of 99,775 and 65,000 shares. These entries show grant dates and share quantities tied to compensation.

Who is the reporting person named in the Form 144/A for PTEN?

The filing names Robert W. Drummond Jr. as the reporting party. The record shows his address and the sale of 400,000 shares with the related aggregate proceeds.

Does this Form 144/A indicate future planned sales for PTEN shares?

No. The excerpt records a past sale and compensation grants but does not state any planned future sales. Future dispositions would require additional filings to be disclosed.