Director Yousif Al-Nowais sold 1,919,594 shares (1.92M shares) of NESR at $26.80 on 2026-06-25 for $51,445,119.20, reducing holdings by 89.3%.
Director Yousif Mohammed Ali Nasser Al-Nowais executed a substantial open-market sale of 1,919,594 shares (1.92M shares) at $26.80 on 2026-06-25, valued at $51,445,119.20 ($51.4M), reducing his position from 2,148,792 shares (2.15M shares) to 229,198 shares (229.2K shares)—a net reduction of 89.3% of his pre-transaction holdings. The transaction occurred within the 52-week price range of $5.71–$28.60, at a level only 0.4% below the 52-week high of $28.60. His cross-ticker track record of 11 prior sells averaged a 30-day return of -3.4%, while his prior five trades at NESR have shown mixed outcomes, with one measurable sale on 2026-05-26 posting a 30-day return of +3.3%. The massive reduction in stake—from roughly 2.15M to 229.2K shares—represents a material shift in his beneficial ownership and signals a significant de-risking of his position in the company, though the sale price near 52-week highs may reflect market conditions rather than timing advantage given the 17.0% 30-day and 32.7% 90-day appreciation in the stock.