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SEC EDGARSEP 211 min read$PTEN

Hendricks William Andrew JR sold $3.0M of PTEN

Hendricks William Andrew JR (President & CEO) sold 250,000 shares of PATTERSON UTI ENERGY INC (PTEN) at $11.91 ($2.98M total) on 2026-09-18 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Hendricks William Andrew JR
Published Sep 21, 2026, 9:02 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 21, 2026, 10:51 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
Bearish
medium confidence
Mentioned
$PTEN
Relevance
5/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$PTENBearishLow
01

Why it matters

The disclosed sale may lead to short-term price volatility as traders react to insider activity.

02

Market read

Insider sales are closely watched; this filing adds new data for PTEN investors.

03

What to watch

The 10b5-1 plan indicates the sale was pre-scheduled, reducing the informational value of the transaction.

Relevance 5/10Novelty 5/10Timing: filing date 2026-09-21

Background

Form 4 filings provide the first public disclosure of insider transactions.

Company-level read

Ticker impact

$PTENBearishMedium confidence
Context

CEO Hendricks sold 250,000 shares for $2.98M via a 10b5-1 plan, reducing his stake to 2.04M shares.

Expected impact

Potential modest downside of 1-2% over the next few days.

Evidence & confidence

A $3M sale by the CEO is material for a mid-cap energy firm and often triggers sell pressure, though the remaining stake remains large.

Market effects

Sector

May raise concerns about insider sentiment in the energy sector.

Regional

Limited to U.S. markets where PTEN trades.

Global

Minimal global impact.

Counterpoint

What could challenge this read

The sale could be purely portfolio rebalancing under a pre-arranged plan, not a negative signal.

Key entities

  • Person
    Hendricks William Andrew JR

    President & CEO of Patterson UTI Energy Inc.

  • Company
    Patterson UTI Energy Inc

    Energy exploration and production company listed under ticker PTEN.

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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