Schmit Michael 4

What Happened

• Michael Schmit, CFO and Corporate Secretary of RPC Inc. (ticker: RES), had 2,194 shares disposed on January 26, 2026 to satisfy a tax or exercise-related liability. The shares were recorded at $6.36 each, for a total value of approximately $13,954.
• This disposition was a tax-withholding/settlement transaction (not an open-market sale), commonly used to cover withholding obligations when options are exercised or restricted stock units (RSUs) vest.

Key Details

• Transaction date: 2026-01-26; Filing date: 2026-01-28 (appears timely, within typical 2-business-day Form 4 window).
• Price per share: $6.36; Shares disposed: 2,194; Total value: ~$13,954.
• Transaction code: F — payment of exercise price or tax liability via share withholding.
• Shares owned after transaction: not specified in the provided summary; see the full Form 4 for holdings and ownership totals.
• No indication this was part of a 10b5-1 plan in the provided data.

Context

• Tax-withholding dispositions are routine following option exercises or RSU vesting and do not necessarily indicate insider sentiment about the stock. Purchases or open-market sales can be more informative about an insider’s view.