Crofford Curt L. 4

What Happened

• Curt L. Crofford, a director of Drilling Tools International Corp (DTI), had 28,626 restricted stock units (RSUs) convert/vest into 28,626 common shares on May 13, 2026. The filing shows an exercise/conversion of a derivative (code M) with an acquisition price of $0.00 per share, meaning no cash was paid on conversion. The Form 4 records both the acquisition of the common shares and the disposition of the derivative RSU instrument as part of the conversion.

Key Details

• Transaction date: 2026-05-13
• Security/amount: 28,626 shares acquired via conversion of RSUs (derivative code M); price reported $0.00 per share
• Shares owned after transaction: Not disclosed in the filing
• Footnotes: F1—each RSU equals a contingent right to one common share; F2—these RSUs vested 100% on May 13, 2026 (one-year anniversary of grant); F3—another RSU award vests 100% on April 28, 2027 (separate grant)
• Timeliness: Filed same day (May 13, 2026); no late filing indicated

Context

• The M transaction code reflects conversion/exercise of a derivative (here, vested RSUs). This was not an open-market purchase or sale of shares; it represents compensation/award vesting and does not necessarily signal a directional trade by the insider. Purchases tend to be more informative about insider sentiment; vesting conversions are routine compensation events.