CEPAK TIFFANY THOM 4

What Happened
Tiffany Thom Cepak, a director of Patterson-UTI Energy, Inc. (PTEN), sold 12,000 shares in an open-market sale on March 4, 2026. The filing reports a weighted average price of $8.86 per share, for aggregate proceeds of $106,320. This was a sale (disposition), which is generally a routine insider transaction rather than a direct bullish signal.

Key Details

• Transaction date: 2026-03-04 (filed with the SEC on 2026-03-06). Filing appears timely under the Form 4 two-business-day rule.
• Transaction type/code: Sale (S) — open market or private sale.
• Reported price: weighted average $8.86 per share; footnote notes individual trades ranged $8.86–$8.88.
• Amount sold: 12,000 shares; proceeds: $106,320.
• Shares owned after transaction: Not specified in the information provided in this summary.
• Footnote: Reporting person will provide, upon request, the breakdown of shares sold at each price within the $8.86–$8.88 range.

Context

• Sales by directors can be for many non-substantive reasons (diversification, personal liquidity, tax planning); they do not by themselves indicate a change in company fundamentals.
• No option exercises, awards, gifts, or tax-withholding events were reported for this transaction.