MOORE THEODORE R. 4
Research Summary
AI-generated summary
Nine Energy (NINE) EVP Theodore R. Moore Cancels 136,873 Shares
What Happened
- Theodore R. Moore, Executive Vice President and General Counsel of Nine Energy Service, Inc. (NINE), recorded a disposition of 136,873 shares on March 4, 2026. The reported price per share was $0.00 and the total consideration was $0. This was not an open‑market sale but a cancellation of shares in connection with the company's emergence from Chapter 11 bankruptcy.
Key Details
- Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (within the normal 2‑business‑day reporting window).
- Transaction type/code: Disposition to issuer (D) — shares cancelled by the company.
- Price/Value: $0.00 per share; total $0 (no consideration paid).
- Shares affected: 136,873 common shares cancelled.
- Shares owned after transaction: effectively eliminated (ownership of the cancelled shares reduced to zero).
- Notable footnote: All of the issuer's common stock was cancelled for no consideration as part of the Chapter 11 restructuring/emergence.
Context
- This was a corporate restructuring action (share cancellation) tied to bankruptcy emergence, not a personal sale or purchase on the open market. Such cancellations are the result of the company’s reorganization plan and do not necessarily reflect the insider’s market view.