Domino Michael Wayne Jr. 4
4 · Drilling Tools International Corp · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Drilling Tools (DTI) President Michael Domino Sells 2,083 Shares
What Happened
- Michael Wayne Domino Jr., President of the DTR Division at Drilling Tools International Corp (DTI), sold 2,083 shares on March 16, 2026 at $3.58 per share, generating proceeds of $7,457. The transaction is reported as a sale (S).
- The filing notes the sale was completed pursuant to a Rule 10b5-1 trading plan adopted by Domino on November 17, 2025 (pre-established plan), indicating the trades were scheduled in advance.
Key Details
- Transaction date and price: March 16, 2026 — 2,083 shares sold at $3.58 each (total $7,457).
- Transaction type/code: Sale (S); executed under a Rule 10b5-1 plan (Footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Recent awards disclosed in the same filing:
- 22,859 RSUs granted on Feb 27, 2026 (vest in substantially equal installments over 3 years; F4; RSU = one share contingent right per F2).
- 68,577 PSUs granted on Feb 27, 2026 tied 100% to EBITDA performance over a 3-year period; threshold pays 50%, maximum pays 200% (F6; F5 explains PSU = contingent right).
- Earlier RSU grant dated Feb 28, 2025 vests in 4 equal annual installments (F3).
- Stock options: all options subject to the disclosure are vested (F7, F8).
- Filing timeliness: Report filed on March 16, 2026 (same date as the reported transaction).
Context
- Sales executed under a 10b5-1 plan are typically pre-scheduled and do not necessarily reflect current management sentiment; they are common for insiders to manage tax or liquidity needs.
- The filing also shows sizable recent equity awards (RSUs and performance-based PSUs) to Domino, which affect his future potential ownership if vesting and performance conditions are met.
Insider Transaction Report
Form 4
Domino Michael Wayne Jr.
President, DTR Division
Transactions
- Sale
Common Stock
[F1]2026-03-16$3.58/sh−2,083$7,457→ 1,449,999 total
Holdings
- 75,829
Restricted Stock Units
[F2][F3]→ Common Stock - 22,859
Restricted Stock Units
[F2][F4]→ Common Stock - 68,577
Performance Stock Units
[F5][F6]→ Common Stock - 300,000
Stock Option (Right to Buy)
[F7]→ Common Stock - 370,264
Stock Option (Right to Buy)
[F8]→ Common Stock
Footnotes (8)
- [F1]This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Drilling Tools International Corp's (the "Company") common stock.
- [F3]The RSUs vest in substantially equal installments on each of the first four (4) anniversaries of the grant date, February 28, 2025.
- [F4]On February 27, 2026, the reporting person was granted 22,859 RSUs under the Company's 2023 Omnibus Incentive Plan, as may be amended from time to time (the "Plan"), pursuant to the 2026 long-term incentive program approved by the Board of Directors (the "2026 LTIP"). The RSUs vest in substantially equal installments on each of the first three (3) anniversaries of the grant date, subject to continued service.
- [F5]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- [F6]On February 27, 2026, the reporting person was granted 68,577 PSUs under the Plan, pursuant to the 2026 LTIP. The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted at 100%, with annual reset over a three-year performance vesting period. Achievement at threshold results in a 50% payout opportunity, while achievement at maximum results in a 200% payout opportunity.
- [F7]Two-thirds (2/3) of the stock options have vested in substantially equal installments on each of the first two (2) anniversaries of the grant date, with the remaining one-third (1/3) scheduled to vest on the third (3rd) anniversary of the grant date, February 14, 2024.
- [F8]All shares of common stock subject to the stock options are vested.
Signature
/s/ Michael Wayne Domino Jr.|2026-03-16