Jacobs Justin 4

What Happened

• Justin Jacobs, CEO of Natural Gas Services Group, had 10,460 restricted stock units (RSUs) vest on February 3, 2026. Those RSUs converted into 10,460 shares of common stock (derivative exercise/conversion).
• To cover tax withholding, 4,290 of the newly issued shares were withheld/disposed at $34.52 per share, totaling $148,091. The RSUs converted with no exercise price (reported $0.00), reflecting a standard vesting/payment-in-kind of equity awards.
• This was an award/vesting event rather than an open-market sale or purchase; withholding to satisfy taxes is routine.

Key Details

• Transaction date: 2026-02-03.
• Acquired: 10,460 shares via RSU vesting (code A / conversion M, exercise price $0.00).
• Withheld/disposed for tax liability: 4,290 shares at $34.52/share, value $148,091 (code F).
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: F1/F2 — RSUs vested and each RSU equals one share on vesting; shares were issued upon vesting with no cash payment required.
• Filing date: 2026-02-03 (filed with the SEC same day).

Context

• This was a cashless tax-withholding on RSU vesting: the company retained 4,290 shares to satisfy taxes rather than the insider selling shares on the open market.
• RSU vesting is a common form of compensation and does not necessarily signal a buy or sell decision by the insider.