09/16/2025 | Press release | Distributed by Public on 09/16/2025 14:05
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (6) | 05/14/2024 | M | 18,610 | (7) | (7) | Common Stock | 18,610 | $ 0 | 0 | D | ||||
Restricted Stock Units | (6) | 05/13/2025 | A | 28,626 | (8) | (8) | Common Stock | 28,626 | $ 0 | 28,626 | D | ||||
Restricted Stock Units | (6) | 05/14/2025 | M | 13,712 | (9) | (9) | Common Stock | 13,712 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
FURST JACK D 10370 RICHMOND AVENUE, SUITE 1000 HOUSTON, TX 75042 |
X |
/s/ John D. Furst | 09/15/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 44,300 shares of Drilling Tools International Corporation's ("DTI") common stock received as a result of HHEP Directional, L.P.'s pro rata distribution of shares to its limited partners for no consideration. |
(2) | 63,939 shares of DTI's common stock received as a result of HHEP Directional, L.P.'s pro rata distribution of shares to its limited partners for no consideration. |
(3) | 36,227 shares of DTI's common stock received as a result of HHEP Directional, L.P.'s pro rata distribution of shares to its limited partners for no consideration. |
(4) | The Reporting Person is the trustee of JDF Long Term Trust ("JDF"). The Reporting Person may be deemed to have voting power and dispositive power over the shares held by JDF. |
(5) | The Reporting Person disclaims any beneficial ownership of any shares of common stock held by Oak Stream Investors II, Ltd., other than his pecuniary interest therein. |
(6) | Each restricted stock unit represents a contingent right to receive one share of Drilling Tools International Corporation's common stock. |
(7) | The restricted stock units vested 100% on the grant date. |
(8) | The restricted stock units vest 100% upon the one-year anniversary of the grant date. |
(9) | The restricted stock units vested 100% upon the one-year anniversary of the grant date. |