BERNS KENNETH N 4

What Happened
Kenneth N. Berns, Executive Vice President of Patterson UTI Energy Inc. (PTEN), had 12,680 shares disposed on May 5, 2026 at $12.29 per share, generating $155,837. The disposition was to satisfy applicable withholding taxes when restricted stock units (RSUs) converted into common stock—i.e., shares were surrendered/withheld for tax purposes rather than an open-market sale.

Key Details

• Transaction date and price: May 5, 2026 — 12,680 shares at $12.29 each (total $155,837).
• Transaction code: F — shares disposed to pay tax withholding on RSU conversion.
• Shares owned after the transaction: Not specified in the Form 4 filing.
• Footnotes: F1 — shares disposed to pay withholding on RSUs converted to common stock on May 5, 2026. F2 — some holdings are held by trusts for which the reporting person is trustee.
• Filing timeliness: Form filed May 7, 2026 (period of report May 5, 2026); no late-filing indication in the record.

Context
This was a tax-withholding disposition related to RSU vesting (a routine administrative transaction), not a discretionary open-market sale or purchase. Such withholding/surrender of shares to cover taxes is common and should not be read on its own as a signal of the insider’s view on the stock.