Domino Michael Wayne Jr. 4
4 · Drilling Tools International Corp · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Drilling Tools (DTI) President Michael Domino Sells 3,169 Shares
What Happened
- Michael Wayne Domino Jr., President of the DTR division at Drilling Tools International Corp (DTI), sold 3,169 shares on March 31, 2026 at $4.00 per share, for total proceeds of $12,676. The sale was reported on Form 4 and coded as a sale (S).
Key Details
- Transaction date and price: 2026-03-31 — 3,169 shares at $4.00 each (total $12,676).
- Transaction type: Sale (open market or private sale, Form 4 code S).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- F1: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025 (preplanned trade).
- F4/F6: On February 27, 2026 Domino was granted 22,859 RSUs and 68,577 PSUs under the 2026 LTIP (RSUs vest over time; PSUs subject to EBITDA performance over a three-year period with 50% payout at threshold and up to 200% at maximum).
- F3/F7/F8: The filing references other equity awards/vesting: certain RSUs vesting installments (grant date Feb 28, 2025) and stock options which are vested.
- Filing timeliness: Reported and filed on 2026-03-31 (period of report 2026-03-31) — appears timely.
Context
- The sale was executed under a 10b5-1 plan, meaning it was a preauthorized trade and generally indicates the transaction was planned in advance rather than a discretionary sale based on recent material information. The filing also shows recent equity awards (RSUs and PSUs) granted in late February 2026 that remain subject to vesting and performance conditions. This sale is relatively small in dollar terms and, standing alone, should be viewed as routine insider selling rather than a definitive signal about company performance.
Insider Transaction Report
Form 4
Domino Michael Wayne Jr.
President, DTR Division
Transactions
- Sale
Common Stock
[F1]2026-03-31$4.00/sh−3,169$12,676→ 1,445,833 total
Holdings
- 75,829
Restricted Stock Units
[F2][F3]→ Common Stock - 22,859
Restricted Stock Units
[F2][F4]→ Common Stock - 68,577
Performance Stock Units
[F5][F6]→ Common Stock - 300,000
Stock Option (Right to Buy)
[F7]→ Common Stock - 370,264
Stock Option (Right to Buy)
[F8]→ Common Stock
Footnotes (8)
- [F1]This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Drilling Tools International Corp's (the "Company") common stock.
- [F3]The RSUs vest in substantially equal installments on each of the first four (4) anniversaries of the grant date, February 28, 2025.
- [F4]On February 27, 2026, the reporting person was granted 22,859 RSUs under the Company's 2023 Omnibus Incentive Plan, as may be amended from time to time (the "Plan"), pursuant to the 2026 long-term incentive program approved by the Board of Directors (the "2026 LTIP"). The RSUs vest in substantially equal installments on each of the first three (3) anniversaries of the grant date, subject to continued service.
- [F5]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- [F6]On February 27, 2026, the reporting person was granted 68,577 PSUs under the Plan, pursuant to the 2026 LTIP. The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted at 100%, with annual reset over a three-year performance vesting period. Achievement at threshold results in a 50% payout opportunity, while achievement at maximum results in a 200% payout opportunity.
- [F7]Two-thirds (2/3) of the stock options have vested in substantially equal installments on each of the first two (2) anniversaries of the grant date, with the remaining one-third (1/3) scheduled to vest on the third (3rd) anniversary of the grant date, February 14, 2024.
- [F8]All shares of common stock subject to the stock options are vested.
Signature
/s/ Michael Wayne Domino Jr.|2026-03-31