Drilling Tools (DTI) CFO David Johnson — 9,181 Shares Withheld for Taxes

What Happened

• Johnson David Richard (CFO) had 9,181 restricted stock units (RSUs) withheld by Drilling Tools International Corp to cover tax liabilities upon RSU vesting on 2026-02-28. The withheld shares were reported as a disposition (code F) at $0.00 per share (no cash proceeds).
• This filing is an amendment correcting an earlier March 12, 2026 Form 4 that incorrectly indicated a different post-vesting retention amount.

Key Details

• Transaction date: 2026-02-28; Reported disposition: 9,181 shares; Price: $0.00; Proceeds: $0.
• Filing timeline: Original Form 4 filed March 12, 2026; this amended Form 4 filed 2026-08-03 to correct the withholding disclosure.
• Footnotes of note:
  • F1/F2: RSUs represent rights to one share each; a prior RSU grant dated 02/28/2025 vests in equal installments over four years (first vesting anniversary 02/28/2026).
  • F3–F5: On 02/27/2026 the reporting person was granted 37,336 RSUs (3-year service vesting) and 112,009 performance stock units (PSUs) subject to EBITDA-based performance (50% to 200% payout range).
• Transaction code: F = payment of exercise price or tax liability (here, tax withholding).
• The amendment corrects the previously reported retention amount (the earlier filing inadvertently misreported post-vesting holdings).

Context

• This was a tax-withholding withholding of vested RSUs (a routine administrative disposition), not an open-market sale or a discretionary trade — it does not necessarily indicate insider sentiment about the company's stock.
• For retail investors, withholding transactions are common when equity awards vest; the key takeaway is the amended filing clarifies the accurate number of shares withheld for taxes.