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Drilling Tools International Corp·4

Mar 30, 6:15 PM ET

Domino Michael Wayne Jr. 4

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Drilling Tools International (DTI) President Michael Domino Sells 997 Shares

What Happened Michael Domino, President of the DTR Division at Drilling Tools International Corp (DTI), disposed of 997 shares of DTI common stock in an open-market sale on March 30, 2026. The shares were sold at $4.00 per share for total proceeds of $3,988. The Form 4 notes the sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.

Key Details

  • Transaction date and price: 2026-03-30, 997 shares at $4.00 per share (total $3,988).
  • Transaction type: Sale (Code S) via open market/private sale.
  • Shares owned after transaction: Not disclosed in the excerpt provided — see the full Form 4 for post-transaction holdings.
  • Filing: Form 4 filed with reporting period and filing date of 2026-03-30 (no indication of a late filing in the provided data).
  • Notable footnotes from the filing:
    • F1: Sale was made under a pre-established Rule 10b5-1 trading plan (Nov 17, 2025).
    • F4/F6: On Feb 27, 2026, Domino was granted 22,859 restricted stock units (RSUs) and 68,577 performance stock units (PSUs) under the 2026 LTIP; PSUs are tied 100% to EBITDA performance with a three-year performance period and payout range of 50% (threshold) to 200% (maximum).
    • F2/F3/F5: RSUs and PSUs represent contingent rights to receive common shares; some RSUs vest in installments (example: RSUs from Feb 28, 2025 vest over four annual installments).
    • F7/F8: Stock options referenced in the filing have vesting schedules noted and the filing indicates all option-covered shares are vested.

Context

  • RSUs and PSUs: RSUs convert to shares upon vesting; PSUs pay out in shares based on meeting specified performance targets (here, EBITDA). These awards are common executive compensation and do not by themselves signal an intention to buy or sell additional shares.
  • 10b5-1 plan: Because the sale was made under a Rule 10b5-1 trading plan, it was prearranged and is generally considered routine rather than a direct signal of insider sentiment about near-term company prospects.
  • Size of trade: The dollar value of this sale ($3,988) is small relative to typical executive transactions; small, plan-driven sales are often for routine cash needs or diversification and should be interpreted cautiously by retail investors.