FURST JACK D 4
4 · Drilling Tools International Corp · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
DTI Director Jack Furst Converts RSUs into 28,626 Shares
What Happened
Jack D. Furst, a director of Drilling Tools International Corp (DTI), reported a derivative conversion/exercise on May 13, 2026. The filing shows 28,626 shares were acquired through conversion/exercise of a derivative (code M) at $0.00 and the same 28,626 shares were simultaneously disposed of at $0.00. No cash proceeds or sale price are reported in the Form 4.
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.
- Filing accession: 0001193125-26-221589; reported and filed on 2026-05-13 (no late filing indicated).
- Shares owned after transaction: not specified in the provided filing details.
- Relevant footnotes:
- F3: Each restricted stock unit (RSU) represents a contingent right to one share.
- F4: Those RSUs vested 100% on May 13, 2026 (the one-year anniversary of the grant).
- F6: All stock options held by the reporting person are vested; they were issued in an exchange related to the company’s business combination.
- F1/F2: The reporting person disclaims beneficial ownership of shares held by Oak Stream Investors II, Ltd.; he is trustee of JDF Long Term Trust and may be deemed to have voting/dispositive power over shares held by JDF.
Context
This filing reflects conversion/vesting activity (derivative conversion of RSUs) rather than a market sale. The simultaneous acquisition and disposition at $0.00 typically indicates issuance and immediate transfer/settlement (e.g., conversion of RSUs and distribution or transfer) rather than a cash sale — the Form 4 does not show sale proceeds or a market trade. For retail investors, vested RSUs converted into shares are routine compensation events and do not by themselves signal buy/sell sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-13+28,626→ 60,948 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-05-13−28,626→ 0 total→ Common Stock (28,626 underlying)
- 118,252(indirect: by Oak Stream Investors II, Ltd.)
Common Stock
[F1] - 458,737(indirect: By Trust)
Common Stock
[F2] - 23,438
Restricted Stock Units
[F3][F5]→ Common Stock - 57,059
Stock Option (right to buy)
[F6]→ Common Stock
Footnotes (6)
- [F1]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.
- [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.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F4]The restricted stock units vested 100% on May 13, 2026, the one-year anniversary of the grant date.
- [F5]The restricted stock units vest 100% on April 28, 2027, the one-year anniversary of the grant date.
- [F6]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.