Drilling Tools International Corp
For the period ended Mar 31, 2025. Filed May 14, 2025.
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Mar 31, 2025 · Filed May 14, 2025
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Other Information
Item 5. Other Information.
During the year ended December 31, 2024, Michael Domino, President, Directional Tool Rentals Division and Thomas Patterson, Independent Director, each adopted a pre-arranged stock trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The trading plans are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and allow for the sale of a specified number of shares of the Company’s common stock over a designated period of time, subject to certain price, timing, and volume conditions.
The plans were adopted during an open trading window in accordance with the Company’s insider trading policy and are further described below:
| Name/Title | Date | Type of Arrangement | Nature of Arrangement | Duration | Aggregate number of shares |
|---|---|---|---|---|---|
| Thomas Patterson, Independent Director | 6/11/2024 | Rule 10b5-1 Trading Plan | Sale of Common Stock | 15 months | 42,000 |
| Michael Domino, President - Directional Tool Rentals Division | 9/9/2024 | Rule 10b5-1 Trading Plan | Sale of Common Stock | 6 months | 450,000 |
Mr. Domino’s plan expired on March 9, 2025 without any trades being executed under the plan. Transactions under Mr. Patterson’s plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission as they occur.
During the three months ended March 31, 2025, no director or officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
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