DNOW CFO Mark B. Johnson Exercises Options, Sells Shares

What Happened

• Mark B. Johnson, Senior Vice President and Chief Financial Officer of DNOW Inc. (DNOW), exercised stock options and sold shares on August 10, 2026.
• He exercised 72,166 options (two lots: 21,985 at $9.53 and 50,181 at $10.26) for a total cash outlay of $724,374. On the same day he sold a total of 112,841 shares in the open market at $16.79 per share, generating proceeds of $1,894,600.
• The transactions are primarily sales (shares disposed in the open market) following option exercises; the filing shows both the option exercises (acquisitions) and the sales.

Key Details

• Transaction date: August 10, 2026; Form 4 filed August 12, 2026 (appears timely—Form 4 is due within two business days).
• Per-line transactions reported:
  • Exercised 21,985 options at $9.53 — cost $209,517; sold 21,985 shares @ $16.79 — proceeds $369,128.
  • Exercised 50,181 options at $10.26 — cost $514,857; sold 50,181 shares @ $16.79 — proceeds $842,539.
  • Sold an additional 40,675 shares @ $16.79 — proceeds $682,933.
  • Two derivative-disposal lines at $0.00 (21,985 and 50,181) reflect the termination/cancellation of the option instruments upon exercise.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1/F2 indicate the options vest in three equal installments commencing on the indicated date.

Context

• This is a common "exercise + sell" pattern (often called a cashless exercise): the insider exercised vested options and shares were sold in the open market the same day. The filing does not state the reason for the sales.
• These filings are factual records of transactions and do not, by themselves, indicate the insider’s view of the company’s prospects. Purchases can be more informative about insider sentiment; this filing documents both an acquisition (via exercise) and significant disposals.