William Andrew Hendricks JR - Jul 18, 2023 Form 4 Insider Report for PATTERSON UTI ENERGY INC (PTEN)

Role: President & CEO, Director
Signature: By Forrest Robinson pursuant to a Limited Power of Attorney filed with the SEC on 4/24/2013 /s/ Forrest Robinson
Stock symbol: PTEN
Transactions as of: Jul 18, 2023
Transactions value $: -$2,968,000
Form type: 4
Date filed: 7/19/2023, 05:21 PM
Previous filing: Jul 17, 2023
Next filing: May 13, 2024

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	-$2.97M	-200K	-9.58%	$14.84	1.89M	Jul 18, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 7, 2023.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $14.75 to $14.92, 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 and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Content

The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2023.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $14.75 to $14.92, 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 and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.