FURST JACK D 4

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.