Neuman Eric C 4

What Happened
Eric C. Neuman, a director of Drilling Tools International Corp (DTI), had 28,626 restricted stock units (RSUs) convert into common shares on May 13, 2026. The Form 4 reports 28,626 shares acquired and the same 28,626 shares disposed, each at $0.00 (total reported value $0.00). The filing identifies the transaction as an exercise/conversion of a derivative security (code M) tied to RSU vesting.

Key Details

• Transaction date: 2026-05-13; Transaction code: M (exercise/conversion of derivative).
• Shares acquired: 28,626 at $0.00; Shares disposed: 28,626 at $0.00 (per filing).
• Reported consideration/value: $0.00 for both acquisition and disposition.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = each RSU equals right to one share; F2 = those RSUs vested 100% on May 13, 2026 (one-year anniversary of grant); F3 notes a separate RSU tranche vests on April 28, 2027.
• Filing timeliness: transaction and report date are the same (May 13, 2026), indicating a timely report.

Context
This appears to be a standard RSU vesting and conversion event rather than an open‑market buy or sale. Form 4s that show shares both acquired and disposed at $0.00 often reflect internal conversion mechanics (e.g., RSUs converting to shares with shares subsequently surrendered for tax withholding or similar administrative settlement), though the filing does not specify the exact settlement method. Such vesting-related conversions are typically routine and do not, by themselves, indicate a change in insider sentiment.