Willis Darryl Keith 4
Research Summary
AI-generated summary
Nine Energy (NINE) Director Willis Darryl Keith Cancels 108,409 Shares
What Happened
Willis Darryl Keith (Director) reported a disposition to the issuer of 108,409 shares of Nine Energy Service, Inc. common stock on March 4, 2026. The reported price per share is $0.00 and total proceeds $0 — the filing notes the shares were cancelled for no consideration in connection with the issuer's emergence from Chapter 11 bankruptcy.
Key Details
- Transaction date: 2026-03-04; Transaction code: D (Disposition to issuer).
- Price: $0.00 per share; Total reported value: $0.
- Shares disposed: 108,409; Shares owned after transaction: reported as 0 (cancelled).
- Footnote: All of the issuer’s common stock was cancelled for no consideration upon emergence from Chapter 11 (see footnote F1).
- Filing: Form 4 filed 2026-03-06 — appears to be filed within the standard 2-business-day window (not marked late).
Context
This was not an open-market sale or a typical insider cash transaction — the shares were cancelled as part of the company’s bankruptcy emergence, resulting in no proceeds to the insider. Such cancellations reflect corporate restructuring outcomes rather than a trading signal by the insider.