FURST JACK D 4
4 · Drilling Tools International Corp · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Drilling Tools Int'l (DTI) Jack D. Furst Receives 281,665 Shares
What Happened
Jack D. Furst, a director of Drilling Tools International Corp. (DTI), was reported to have acquired 281,665 shares of DTI common stock on 2026-03-31. The shares were received at $0.00 per share (total reported value $0) as part of a pro rata distribution from HHEP Directional, L.P., not as an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-02).
- Transaction type/code: Other acquisition (code J) — distribution for no consideration.
- Shares acquired: 281,665; Price: $0.00; Reported value: $0.
- Shares owned after transaction: Not specified in the provided filing.
- Relevant footnotes:
- F1: Shares received via HHEP Directional, L.P.'s pro rata distribution to limited partners for no consideration.
- F2: Furst is trustee of JDF Long Term Trust and may be deemed to have voting/dispositive power over JDF-held shares.
- F3: He disclaims beneficial ownership of shares held by Oak Stream Investors II, Ltd., except for pecuniary interest.
- F4: Restricted stock units referenced in the filing vest 100% on May 13, 2026.
- F5: All options held by the reporting person are vested (details relate to prior Legacy DTI exchange).
- Timeliness: Form 4 filed 2026-04-02 for a 2026-03-31 transaction — appears to be a timely filing.
Context
This was not a purchase or sale in the market but a distribution of shares to limited partners, which typically reflects structural ownership changes rather than a trading signal. Footnotes also indicate related holdings (trust, RSUs, vested options), which are relevant to understanding Furst's overall position and voting/dispositive authority but do not change that this specific transaction involved no cash.
Insider Transaction Report
- Other
Common Stock
[F1][F2]2026-03-31+281,665→ 458,737 total(indirect: By Trust)
- 32,322
Common Stock
- 118,252(indirect: by Oak Stream Investors II, Ltd.)
Common Stock
[F3] - 28,626
Restricted Stock Units
[F4]→ Common Stock - 57,059
Stock Option (right to buy)
[F5]→ Common Stock
Footnotes (5)
- [F3]The Reporting Person disclaims any beneficial ownership of any shares of common stock held by Oak Stream Investors II, Ltd., other than his pecuniary interest therein.
- [F1]281,665 shares of Drilling Tools International Corporation's (DTI") common stock received as a result of HHEP Directional, L.P.'s pro rata distribution of shares to its limited partners for no consideration.
- [F2]The Reporting Person is the trustee of JDF Long Term Trust ("JDF"). The Reporting Person may be deemed to have voting power and dispositive power over the shares held by JDF.
- [F4]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units vest 100% on May 13, 2026, the one-year anniversary of the grant date.
- [F5]All shares of common stock subject to stock options held by the Reporting Person are vested. The stock options were received in exchange for stock options to purchase 250,000 shares of common stock of Drilling Tools International Holdings, Inc. ("Legacy DTI") for $0.85 per share in connection with the Issuer's business combination with Legacy DTI.