Al-Nowais Yousif Mohammed Ali Nasser 4
Research Summary
AI-generated summary
NESR Director Al-Nowais Sells 5,726 Shares
What Happened
- Director Al-Nowais Yousif Mohammed Ali Nasser sold a total of 5,726 ordinary shares of National Energy Services Reunited Corp. (NESR) in open-market transactions on June 8–9, 2026. The bulk sale was 5,526 shares at a weighted average price of about $25.53 ($141,079) on June 8, and a separate sale of 200 shares at $25.55 ($5,110) on June 9. These were sales (S), not purchases or option exercises.
Key Details
- Transaction dates and prices:
- 2026-06-08: Sold 5,526 shares at a weighted average price of $25.53 (range $25.505–$25.53) — proceeds ~$141,079. (See footnote F1 for price breakdown.)
- 2026-06-09: Sold 200 shares at $25.55 — proceeds $5,110.
- Total shares sold: 5,726; total proceeds: approximately $146,189.
- Shares owned after the transaction: Not reported in the information provided.
- Footnote: F1 states the June 8 sale price is a weighted average (low $25.505 to high $25.53) and that the reporting person will provide per-price share counts to the SEC or issuer upon request.
- Filing timeliness: Report filed June 10, 2026 for transactions on June 8–9 — appears to be filed within the normal two-business-day Form 4 window (i.e., timely).
Context
- These were routine open-market sales by a company director. Sales are not, by themselves, a definitive signal of company prospects; they may reflect personal liquidity or portfolio management. For retail investors, purchases typically carry clearer incremental informational value than routine insider sales.