Kenneth N. Berns - May 2, 2022 Form 4 Insider Report for PATTERSON UTI ENERGY INC (PTEN)

Signature
By Barry Huntsman pursuant to a Limited Power of Attorney filed with the SEC on 3/29/2013 /s/ Barry Huntsman
Stock symbol
PTEN
Transactions as of
May 2, 2022
Transactions value $
-$4,086,090
Form type
4
Date filed
5/4/2022, 04:22 PM
Previous filing
Apr 29, 2022
Next filing
May 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTEN Common Stock, $.01 par value per share Sale -$2.42M -150K -14.13% $16.10 912K May 2, 2022 Direct F1, F2
transaction PTEN Common Stock, $.01 par value per share Sale -$1.27M -75K -8.23% $16.95 837K May 3, 2022 Direct F1, F3
transaction PTEN Common Stock, $.01 par value per share Sale -$197K -12K -17.14% $16.43 58K May 2, 2022 By Trust(s) F1, F4
transaction PTEN Common Stock, $.01 par value per share Sale -$203K -12K -20.69% $16.89 46K May 3, 2022 By Trust(s) F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 29, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $15.70 to $16.72, inclusive. The Reporting Person undertakes to provide to Patterson-UTI Energy, Inc., any security holder of Patterson-UTI Energy, Inc. or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.89 to $17.09, inclusive. The Reporting Person undertakes to provide to Patterson-UTI Energy, Inc., any security holder of Patterson-UTI Energy, Inc. or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Held by trust(s) for which the reporting person is the trustee.