Domino Michael Wayne Jr. 4

What Happened

• Michael Wayne Domino Jr., President of the DTR Division at Drilling Tools International Corp (DTI), sold 2,083 shares on March 16, 2026 at $3.58 per share, generating proceeds of $7,457. The transaction is reported as a sale (S).
• The filing notes the sale was completed pursuant to a Rule 10b5-1 trading plan adopted by Domino on November 17, 2025 (pre-established plan), indicating the trades were scheduled in advance.

Key Details

• Transaction date and price: March 16, 2026 — 2,083 shares sold at $3.58 each (total $7,457).
• Transaction type/code: Sale (S); executed under a Rule 10b5-1 plan (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Recent awards disclosed in the same filing:
  • 22,859 RSUs granted on Feb 27, 2026 (vest in substantially equal installments over 3 years; F4; RSU = one share contingent right per F2).
  • 68,577 PSUs granted on Feb 27, 2026 tied 100% to EBITDA performance over a 3-year period; threshold pays 50%, maximum pays 200% (F6; F5 explains PSU = contingent right).
  • Earlier RSU grant dated Feb 28, 2025 vests in 4 equal annual installments (F3).
  • Stock options: all options subject to the disclosure are vested (F7, F8).
• Filing timeliness: Report filed on March 16, 2026 (same date as the reported transaction).

Context

• Sales executed under a 10b5-1 plan are typically pre-scheduled and do not necessarily reflect current management sentiment; they are common for insiders to manage tax or liquidity needs.
• The filing also shows sizable recent equity awards (RSUs and performance-based PSUs) to Domino, which affect his future potential ownership if vesting and performance conditions are met.