Domino Michael Wayne Jr. 4
4 · Drilling Tools International Corp · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Drilling Tools (DTI) President Michael Domino Sells 2,083 Shares
What Happened
- Michael Wayne Domino Jr., President of the DTR Division of Drilling Tools International Corp (DTI), sold 2,083 shares on May 15, 2026 at $3.07 per share, for proceeds of $6,395. The filing indicates the sale was completed pursuant to a Rule 10b5-1 trading plan adopted November 17, 2025. This was a sale (not a purchase) and is typically treated as routine when done under a pre-established 10b5-1 plan.
Key Details
- Transaction date and price: 2026-05-15 at $3.07 per share.
- Shares sold / proceeds: 2,083 shares / $6,395 total.
- Shares owned after transaction: not specified in the filing.
- Filing date / timeliness: Form 4 filed May 15, 2026; transaction and report date are the same (no late filing indicated).
- Notable footnotes from the filing:
- F1: Sale executed under a Rule 10b5-1 trading plan (adopted Nov 17, 2025).
- F2–F4: RSUs: defined as rights to receive one share each; prior RSUs vest annually over four years from Feb 28, 2025, and an additional grant of 22,859 RSUs was made Feb 27, 2026 that vest in substantially equal installments over three years (subject to service).
- F5–F6: PSUs: defined as rights to receive one share each; 68,577 PSUs were granted Feb 27, 2026, subject to EBITDA-based performance over a three-year period (threshold = 50% payout; maximum = 200% payout).
- F7–F8: Stock options: vesting schedule noted; all option shares are vested.
Context
- Because the sale was made under a pre-established 10b5-1 plan, it was likely a scheduled disposition and should not by itself be taken as an immediate signal of insider sentiment. The filing also records recent equity awards (RSUs and PSUs) and that stock options are vested, which are separate from the sale reported here.
Insider Transaction Report
Form 4
Domino Michael Wayne Jr.
President, DTR Division
Transactions
- Sale
Common Stock
[F1]2026-05-15$3.07/sh−2,083$6,395→ 1,441,667 total
Holdings
- 75,829
Restricted Stock Units
[F2][F3]→ Common Stock - 22,859
Restricted Stock Units
[F2][F4]→ Common Stock - 68,577
Performance Stock Units
[F5][F6]→ Common Stock - 300,000
Stock Option (Right to Buy)
[F7]→ Common Stock - 370,264
Stock Option (Right to Buy)
[F8]→ Common Stock
Footnotes (8)
- [F1]This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Drilling Tools International Corp's (the "Company") common stock.
- [F3]The RSUs vest in substantially equal installments on each of the first four (4) anniversaries of the grant date, February 28, 2025.
- [F4]On February 27, 2026, the reporting person was granted 22,859 RSUs under the Company's 2023 Omnibus Incentive Plan, as may be amended from time to time (the "Plan"), pursuant to the 2026 long-term incentive program approved by the Board of Directors (the "2026 LTIP"). The RSUs vest in substantially equal installments on each of the first three (3) anniversaries of the grant date, subject to continued service.
- [F5]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- [F6]On February 27, 2026, the reporting person was granted 68,577 PSUs under the Plan, pursuant to the 2026 LTIP. The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted at 100%, with annual reset over a three-year performance vesting period. Achievement at threshold results in a 50% payout opportunity, while achievement at maximum results in a 200% payout opportunity.
- [F7]Two-thirds (2/3) of the stock options have vested in substantially equal installments on each of the first two (2) anniversaries of the grant date, with the remaining one-third (1/3) scheduled to vest on the third (3rd) anniversary of the grant date, February 14, 2024.
- [F8]All shares of common stock subject to the stock options are vested.
Signature
/s/ Michael Wayne Domino Jr.|2026-05-15