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SEC EDGARJUN 11 min read$PTEN

Holcomb James Michael sold $1.7M of PTEN

Holcomb James Michael (EVP & Chief Operating Officer) sold 150,000 shares of PATTERSON UTI ENERGY INC (PTEN) at $11.47 ($1.72M total) on 2026-05-28.

Original reporting
SEC EDGAR · Holcomb James Michael
Published Jun 1, 2026, 8:58 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Jun 1, 2026, 9:03 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
alphai market briefInsider activity
Primary signal
$PTEN
Neutral
medium confidence
Mentioned
$PTEN
Relevance
6/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$PTENNeutralLow
01

Why it matters

The disclosure provides a fresh, dated datapoint on insider behavior but does not include new company performance, guidance, or deal information.

02

Market read

Traders may monitor for follow-on insider activity, but the filing alone is unlikely to drive a major repricing without additional fundamental news.

03

What to watch

No 10b5-1 plan is cited here, but Form 4s can still reflect scheduled or non-informational trades; watch for subsequent filings or changes in buying/selling patterns.

Relevance 6/10Novelty 6/10Timing: Filed June 1; sale executed May 28 (post-close disclosure window).

Background

SEC Form 4 insider transaction: officer/direct holdings change for Patterson UTI Energy (PTEN).

Company-level read

Ticker impact

$PTENNeutralMedium confidence
Context

Patterson UTI Energy COO sold 150,000 shares in an open-market transaction, disclosing holdings after sale on SEC Form 4.

Expected impact

Low, likely limited to sentiment/flow effects unless followed by additional selling or negative company-specific news.

Evidence & confidence

The filing is an officer open-market sale with no stated reason, no 10b5-1 plan, and no accompanying operational or financial catalyst in the article.

Market effects

Sector

Minimal—this is company-specific insider activity without sector-wide information.

Regional

None indicated.

Global

None indicated.

Counterpoint

What could challenge this read

The sale may be routine diversification or pre-planned liquidity needs; without a stated reason, it may not signal deteriorating fundamentals.

Key entities

  • issuer
    Patterson UTI Energy Inc

    PTEN insider transaction disclosed via SEC Form 4 (officer sale).

  • insider
    James Michael Holcomb

    EVP & Chief Operating Officer who sold 150,000 shares at $11.47 on May 28.

Read at source← All news

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