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SEC EDGARJUN 91 min read$PTEN

Hendricks William Andrew JR sold $2.3M of PTEN

Hendricks William Andrew JR (President & CEO) sold 200,000 shares of PATTERSON UTI ENERGY INC (PTEN) at $11.64 ($2.33M total) on 2026-06-05.

Original reporting
SEC EDGAR · Hendricks William Andrew JR
Published Jun 9, 2026, 8:17 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Jun 9, 2026, 8:21 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 updates the insider ownership/flow picture for PTEN but does not include any new company fundamentals (earnings, guidance, contracts, litigation, or regulatory actions).

02

Market read

Traders may note the insider sale for sentiment/positioning, but the filing alone is unlikely to be a primary catalyst.

03

What to watch

The article notes no pre-arranged 10b5-1 plan, but it still doesn’t provide intent, timing constraints, or whether other insiders/large holders acted similarly.

Relevance 6/10Novelty 6/10Timing: filed today; sale dated 2026-06-05

Background

The article is an SEC EDGAR Form 4 disclosure of an officer/director insider sale.

Company-level read

Ticker impact

$PTENNeutralMedium confidence
Context

Patterson UTI Energy CEO sold 200,000 shares in an open-market transaction reported on SEC Form 4 at $11.64/share.

Expected impact

Low likelihood of a sustained price move; any near-term effect would be limited to sentiment/flow optics.

Evidence & confidence

The filing is a routine Form 4 insider sale with no stated 10b5-1 plan and no accompanying company-specific operational/regulatory catalyst in the text.

Market effects

Sector

No sector read-across provided; this is company-specific insider transaction disclosure only.

Regional

None indicated.

Global

None indicated.

Counterpoint

What could challenge this read

Insider sales can be driven by diversification, taxes, or pre-planned liquidity needs; without a stated reason, the signal may be overstated.

Key entities

  • issuer
    Patterson UTI Energy Inc

    Subject of the Form 4 insider transaction; CEO sold shares reported on SEC EDGAR.

  • insider
    Hendricks William Andrew JR

    President & CEO who executed the open-market sale.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

PTEN insider trading history →

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