NESR (National Energy) CEO Foda Sherif Sells $3.5M, Gifts 675K Shares

What Happened

• Foda Sherif, CEO of National Energy Services Reunited Corp. (NESR), reported two types of transactions: an open-market sale and a gift. On 2026-08-31 he sold 100,000 shares at $35.00 each for proceeds of $3,500,000. On 2026-09-02 he reported a gift of 675,000 shares (zero-dollar transfers) to his spouse.

Key Details

• Sale: 100,000 shares disposed on 2026-08-31 at $35.00 per share — proceeds $3,500,000.
• Gift: 675,000 shares reported as a gift on 2026-09-02 (zero dollar value); footnote F1 states the gift was to his spouse.
• Filing: Form 4 filed 2026-09-02 (covers transactions dated 8/31 and 9/02); this appears to be filed within the typical short window for insider reports.
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Footnote F2: The reporting person disclaims beneficial ownership for purposes of Rule 16a-1(a), except to the extent of any pecuniary interest.

Context

• Sales are often routine (liquidity or diversification) and do not, by themselves, signal management’s view of the company. The $3.5M sale is material in dollar terms but is a standard open-market disposition.
• Gifts are not an expression of market sentiment; the reported gift to the CEO’s spouse is a non-sale transfer and should be viewed as estate/household planning rather than a buy/sell signal.
• The filing’s duplicate gift entries reflect how transfers are sometimes reported (disposition by the reporting person and corresponding acquisition reporting mechanics), with footnote clarifying the transferee.