FURST JACK D 4

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.