Drummond Robert Wayne Jr 4

What Happened Robert Wayne Drummond Jr., a director of Patterson‑UTI Energy, Inc. (PTEN), sold 400,000 shares on February 13, 2026. The shares were disposed for a weighted average price of $8.17 per share, for total proceeds of approximately $3,268,000. This was a sale (not a purchase or option exercise), which retail investors should treat as a liquidity event rather than a direct bullish signal.

Key Details

• Transaction date: 2026-02-13; filing date: 2026-02-17 (filed on the required due date).
• Price reported (weighted avg): $8.17; per-footnote range: $8.01–$8.29 across multiple trades.
• Shares sold/disposed: 400,000; total proceeds ≈ $3,268,000.
• Holding after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — weighted average price with multiple trade prices ($8.01–$8.29); F2 — shares were held by trust(s) for which the reporting person is a trustee.
• Transaction type code: S (sale); no 10b5‑1 plan, option exercise, or tax‑withholding code disclosed in the excerpt.

Context This filing documents an open‑market/private sale by a company director and includes a footnote indicating the shares were held in trusts of which he is trustee. Such sales are common for liquidity or estate/trust management reasons and do not by themselves indicate company outlook or performance.