4//SEC Filing
HICKS THOMAS O 4
Accession 0000899243-23-016622
CIK 0001884516other
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 12:03 PM ET
Size
8.3 KB
Accession
0000899243-23-016622
Insider Transaction Report
Form 4
HICKS THOMAS O
Director10% Owner
Transactions
- Award
Common Stock
2023-06-20+15,928,111→ 15,928,111 total(indirect: By HHEP-Directional, L.P.) - Award
Common Stock
2023-06-20+695,181→ 695,181 total
Footnotes (3)
- [F1]Received in connection with the Issuer's business combination (the "Business Combination") with Drilling Tools International Holdings, Inc. ("Legacy DTI") in accordance with the terms of the Agreement and Plan of Merger dated as of February 13, 2023 and amended as of June 5, 2023 (the "Merger Agreement"), by and among the Issuer (f/k/a ROC Energy Acquisition Corp.), ROC Merger Sub, Inc. ("Merger Sub") and Legacy DTI. Pursuant to the terms of the Merger Agreement, each outstanding share of Legacy DTI (i) common stock was converted into the right to receive 0.2282 shares of common stock of the Issuer ("Common Stock") and (ii) preferred stock was converted into the right to receive 0.3299 shares of Common Stock and $0.54 in cash (the "Preferred Cash Consideration"). The Business Combination closed on June 20, 2023 (the "Closing Date").
- [F2](Continued from Footnote 1) Pursuant to the terms of an Exchange Agreement by and between ROC Energy Holdings, LLC, a Delaware limited liability company, Merger Sub, Legacy DTI and Mr. Hicks, Mr. Hicks elected to exchange the $109,321 of Preferred Cash Consideration he was entitled to receive pursuant to the Merger Agreement into 20,663 shares of Common Stock, which are included in the reported amount.
- [F3]The Reporting Person may be deemed to have voting power and dispositive power over the shares held by HHEP-Directional, L.P. Mr. Hicks is the sole member of HH Directional LLC, which is the general partner of HHEP Directional GP, L.P., which is in turn the general partner of HHEP-Directional, L.P. Mr. Hicks disclaims any beneficial ownership of any shares of Common Stock held by HHEP-Directional, L.P., other than his pecuniary interest therein.
Documents
Issuer
Drilling Tools International Corp
CIK 0001884516
Entity typeother
Related Parties
1- filerCIK 0000938201
Filing Metadata
- Form type
- 4
- Filed
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 12:03 PM ET
- Size
- 8.3 KB