RPC (RES) 10% Holder Gary W. Rollins Trust Distributes 85.1M Shares

What Happened
Gary W. Rollins Voting Trust U/A dated September 14, 1994 (a reported 10% owner) recorded distributions/other dispositions of RPC, Inc. (RES) shares on September 17, 2026. The trust disposed of 78,981,820 shares and 6,143,360 shares (total = 85,125,180 shares). No sale price or proceeds are reported (price = N/A); the filing indicates these shares were distributed to a beneficiary and the reporting person is no longer the beneficial owner of the shares held indirectly through LOR, Inc. or RFT Investment Company, LLC.

Key Details

• Transaction date: September 17, 2026. Transaction code: J (other acquisition/disposition — distribution).
• Shares disposed: 78,981,820 + 6,143,360 = 85,125,180 RES shares. Price: N/A (no cash consideration reported).
• Shares owned after transaction: The report states the reporting person is no longer the beneficial owner of the shares previously held indirectly through LOR, Inc. or RFT Investment Company, LLC; exact remaining holdings (if any) are not specified.
• Footnotes:
  • F1: Distribution of LOR, Inc. voting shares to the beneficiary on Sep 17, 2026 resulted in loss of indirect beneficial ownership.
  • F2: Notes an earlier pro rata distribution to equity holders of RCTLOR, LLC on Feb 27, 2026.
  • F3: The reporting person disclaims beneficial ownership for Section 16 purposes except to the extent of any pecuniary interest.
• Filing timeliness: Form 4 filed Sep 21, 2026 for a Sep 17 transaction (filed within the standard reporting window).

Context: This was a distribution from a 10% holder/trust structure, not an open-market sale by an executive. Distributions and internal transfers like this are administrative and do not necessarily signal management sentiment about the stock.