LOR INC 4

What Happened LOR Inc, reported as a 10% owner of RPC Inc (ticker: RES), executed a series of "other" transactions (SEC code J) on Feb 27, 2026 that reflect a distribution of shares. The filing shows LOR Inc disposed of 15,677,032 shares at $0.00 (total proceeds $0) and recorded two acquisitions at $0.00 of 180,565 shares and 2,982,541 shares (each with $0 value). Net across these entries, LOR Inc’s position decreased by 12,513,926 RES shares. The Form 4 was filed on March 3, 2026 reporting the Feb 27 transactions.

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-03.
• Reported transactions (all at $0.00 per share):
  • Disposed 15,677,032 shares (Other — J) — $0 total.
  • Acquired 180,565 shares (Other — J) — $0 total.
  • Acquired 2,982,541 shares (Other — J) — $0 total.
• Net change reported: -12,513,926 shares (net disposition).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — shares were distributed pro rata to the equity holders of RCTLOR, LLC for no consideration; F2 — reporting person disclaims beneficial ownership for Section 16 purposes except to the extent of pecuniary interest.
• Filing timeliness: Form 4 filing date is shown; the filing itself does not state a late-filing code.

Context SEC code "J" denotes other acquisitions or dispositions (commonly used for distributions, reorganizations, transfers, etc.). This filing reflects a distribution of shares to underlying equity holders rather than an open-market sale or a purchase; such distributions (and gifts) are administrative and do not necessarily signal management/institutional sentiment about the stock. Also note this reporting entity is a 10% owner (an institutional/entity filing), not necessarily an individual executive. For retail investors, outright purchases tend to be more informative of positive insider conviction; distributions like this are often neutral from a market-sentiment standpoint.