Luz S. Brett 4

What Happened
Luz S. Brett, Senior Vice President and Chief Accounting Officer of Nine Energy Service, reported a disposition to the issuer of 108,484 common shares on March 4, 2026. The shares were cancelled for no consideration (price $0.00; total $0) in connection with the company's emergence from Chapter 11 bankruptcy. This was not an open-market sale or purchase and does not signal a typical insider buy/sell decision.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (timely filing).
• Transaction type/code: Disposition to issuer (D) — 108,484 shares @ $0.00; total proceeds $0.
• Post-transaction holdings: shares reported as cancelled (effectively zero for the cancelled shares).
• Footnote: On March 4, 2026, upon Nine Energy’s emergence from Chapter 11, all of the issuer’s common stock was cancelled for no consideration.
• No indication of 10b5-1 plan, tax withholding, or late filing noted in the report.

Context
The change reflects a corporate restructuring outcome (share cancellation in bankruptcy emergence), not a voluntary insider sale or purchase. For retail investors, note this is an administrative disposition tied to the company’s capital restructuring and should not be interpreted as an insider signaling bullish or bearish views by trading.