Crombie David 4

What Happened David Crombie, Executive Vice President and Chief Operating Officer of Nine Energy Service, Inc. (NINE), reported a disposition of 219,996 shares on March 4, 2026. The shares were cancelled for no consideration (price $0.00, total value $0) as part of the company’s emergence from Chapter 11 bankruptcy — this is a cancellation under the reorganization, not an open-market sale.

Key Details

• Transaction date: 2026-03-04; Report filed: 2026-03-06 (Form 4). Filing appears timely (within the typical 2-business-day window).
• Transaction type: Disposition to issuer (shares cancelled) — 219,996 shares at $0.00; total proceeds $0.
• Shares owned after transaction: 0 common shares of the issuer (all pre-bankruptcy common stock was cancelled per filing).
• Notable footnote: F1 — all the issuer’s common shares were cancelled for no consideration upon emergence from Chapter 11.
• No 10b5-1 plan, tax-withholding, or late-filing flags were indicated in the filing.

Context This transaction reflects bankruptcy restructuring mechanics (equity cancellation) rather than an insider choosing to sell or buy in the market. Cancellations like this remove pre-bankruptcy common equity; they do not necessarily indicate the insider’s view on future company performance. Retail investors should view this as a reorganization outcome, not a typical insider sale or purchase.