Ezell Ryan Gillis 4

What Happened

• Ezell Ryan Gillis, CEO and director of Flotek Industries (FTK), had 12,146 performance-based restricted stock units (RSUs vest) converted into shares on 2026-05-15 (awarded at $0). To satisfy withholding/tax obligations, 4,780 of those shares were surrendered/disposed at $19.61 each, generating a withholding value of $93,736. Net shares delivered to Gillis from this vesting were 7,366 (12,146 awarded minus 4,780 withheld).

Key Details

• Transaction dates: 2026-05-15; Form 4 filed 2026-05-18 (appears timely).
• Award: 12,146 shares granted/issued (performance RSU vesting; acquisition code A) at $0 cost.
• Withholding/Disposition: 4,780 shares withheld/disposed (code F) at $19.61, value ~$93,736.
• Net new shares received from the vesting: 7,366.
• Footnotes: F1 — shares were issued upon satisfaction of performance criteria for RSUs originally granted 2025-05-16. F2 — filing notes 453 shares acquired under the 2012 Employee Stock Purchase Plan for the January–March 2026 purchase period; those ESPP acquisitions are exempt under Rule 16b-3.
• Shares owned after transaction: not specified in the provided filing details.

Context

• This was a vesting/award event (performance RSUs), not an open-market purchase or a voluntary sale. The withholding of shares to cover taxes/exercise price is a routine administrative step and does not necessarily reflect a change in confidence. Retail investors often view purchases as stronger signals than routine awards/withholdings.