STEWART JAMES CARL

Director sells 718,254 shares for $4.2M at $5.87, reducing holdings 77.6%; prior sells at same ticker both well-timed.

Stewart James Carl, a director at Patterson UTI Energy, filed two separate sales on 2025-12-17 and 2025-12-18 totaling 718,254 shares for $4,216,150.98 at a blended average price of $5.87, reducing his holdings from 925,254 shares to 207,000 shares—a 77.6% reduction. This follows a strong pattern: across his prior trades at PTEN, 2 of 2 prior sells were well-timed at the 90-day mark, with 90-day returns of -23.7% and -24.9% respectively, meaning the stock declined after each sale. The company's fundamentals show revenue of $1,175,954,000.00 and net income of $-36,402,000.00, indicating unprofitability over the most recent full fiscal year despite annual revenue growth of +29.7%. The current price of $5.83 is -38.3% from the 52-week high of $9.45, placing the transaction near the lower end of recent trading range. The consistency of his prior well-timed exits at this ticker, combined with the substantial stake reduction and deteriorating profitability despite revenue growth, warrants attention to whether the sale reflects evolving conviction about near-term prospects.

Director James Carl Stewart sells 240,149 shares ($1.8M) at $7.41 avg; retains 1,005,254 shares as PTEN stock down 37.7% from 52-week high.

STEWART JAMES CARL sold 240,149 shares across two separate transactions on 2025-03-07 for $1,779,985.58 total at a blended average price of $7.41, reducing his holdings by -19.3% to 1,005,254 shares. The sale occurred when PTEN's stock is down 37.7% from its 52-week high of $12.52 and has declined 9.5% over the prior 30 days. Despite the company reporting $1,357,222,000 in recent quarterly revenue with +29.7% year-over-year growth, it posted a net loss of $-978,761,000 and was unprofitable over the most recent full fiscal year, creating a disconnect between top-line growth and profitability. The size and timing of this divestiture warrant monitoring given the company's current loss position and the steep drawdown from peak valuation.