Al-Nowais Yousif Mohammed Ali Nasser 4
Research Summary
AI-generated summary
NESR Director Al-Nowais Sells 1.92M Shares
What Happened
Al-Nowais Yousif Mohammed Ali Nasser, a director of National Energy Services Reunited Corp. (NESR), disposed of 1,919,594 ordinary shares in an open-market sale on June 25, 2026. The filing reports a weighted-average sale price of $26.80 per share, for a total proceeds value of approximately $51,445,119. The transaction is reported as a sale (code S).
Key Details
- Transaction date: 2026-06-25 (reported on Form 4 filed 2026-06-29).
- Reported price: weighted average $26.80 per share; price range on the day $26.50–$27.00 (footnote: seller can provide per-price breakdown to the SEC or issuer upon request).
- Shares sold: 1,919,594; proceeds ≈ $51,445,119.
- Shares owned after transaction: not disclosed in the provided filing.
- Filing timeliness: Form 4 was filed four days after the trade (filed 2026-06-29 for a 2026-06-25 trade), which appears to be beyond the typical SEC two-business-day reporting window.
- Transaction code: S = Sale (open-market/private sale as noted in the filing).
Context
- Sales by insiders can be routine (liquidity, diversification, tax planning) and do not, by themselves, indicate company performance. Purchases typically carry more signal for bullish insider sentiment.
- Footnote clarifies the $26.80 is a weighted average and that share-level price details are available on request to regulators or the issuer.