BERNS KENNETH N 4

What Happened

• Kenneth N. Berns, Executive Vice President of Patterson UTI Energy Inc. (PTEN), had 12,096 shares disposed on May 9, 2026 at $11.42 per share for a total of $138,136. The shares were surrendered to satisfy applicable withholding taxes on Restricted Stock Units (RSUs) that converted into common stock. This is a routine tax-withholding disposition rather than an open-market sale intended as an investment decision.

Key Details

• Transaction date and price: May 9, 2026 — 12,096 shares at $11.42 each.
• Gross proceeds / value surrendered: $138,136 (shares used to cover tax withholding).
• Transaction code: F — disposition to pay tax withholding on RSU vesting.
• Footnotes: F1 — shares disposed to pay applicable withholding taxes on RSUs converted to common stock on May 9, 2026; F2 — some shares are held by trust(s) for which the reporting person is trustee.
• Shares owned after transaction: not specified in the supplied filing details.
• Filing date: Form 4 filed May 12, 2026 (no late-filing flag indicated in the provided data).

Context

• This was a cashless-type disposition to cover tax withholding on vested RSUs (common practice when awards convert to shares). Such transactions are routine and typically reflect tax obligations rather than a vote of confidence or concern about the company’s stock.