David Richard Johnson, Chief Financial Officer of Drilling Tools International Corp (NASDAQ:DTI), filed a statement of changes in beneficial ownership on November 10, 2026, reporting two open-market purchases of common stock on November 9, 2026, and correcting a previously reported share count following an RSU vesting event in March 2026.

Key Highlights

  • First purchase: Johnson acquired 25,000 shares of common stock at a weighted average price of $1.653 per share on November 9, 2026, with individual transaction prices ranging from $1.49 to $1.67.
  • Second purchase: Johnson acquired an additional 5,350 shares at a weighted average price of $1.618 per share on the same date, also at prices ranging from $1.49 to $1.67.
  • Post-transaction ownership: Following both purchases, Johnson directly held 97,780 shares of common stock.
  • RSU correction: A March 12, 2026 filing had incorrectly reported 30,964 shares retained after RSU vesting; 9,181 shares were actually withheld by the company for taxes, and this amendment reflects the corrected figure.
  • Derivative holdings: Johnson also holds 92,891 RSUs, 37,336 RSUs, 112,009 performance stock units, 380,000 stock options, and 132,375 stock options, all directly owned.

CFO Johnson's Open-Market Purchases and Prior Filing Correction at Drilling Tools International

According to the filing, Johnson executed two separate open-market purchase transactions on November 9, 2026, both coded "P" for purchase. The first transaction involved 25,000 shares at a weighted average price of $1.653, bringing his directly held common stock to 92,430 shares. The second transaction added 5,350 shares at a weighted average price of $1.618, raising his direct common stock holdings to 97,780 shares. Both transactions occurred at prices ranging from $1.49 to $1.67 per share, inclusive, across multiple executions within the trading day, as disclosed in the filing's footnotes.

Drilling Tools International Corp is a drilling tools company headquartered at 10370 Richmond Avenue, Suite 1000, Houston, Texas 77042. The filing also addresses a correction to a March 12, 2026 statement in which Johnson had reported retaining 30,964 shares of common stock after an RSU vesting event. The amendment discloses that 9,181 shares were in fact withheld by the company to satisfy tax obligations, and the corrected holdings are reflected in the current filing.

In addition to common stock, the filing discloses Johnson's derivative security positions. He holds two tranches of restricted stock units totaling 130,227 RSUs: 92,891 RSUs vesting in substantially equal installments over four years from a February 28, 2025 grant date, and 37,336 RSUs granted February 27, 2026 under the company's 2026 long-term incentive program vesting over three years. He also holds 112,009 performance stock units granted February 27, 2026, subject to EBITDA-based performance conditions over a three-year period, with a 50% payout at threshold and a 200% payout at maximum. Two stock option positions of 380,000 and 132,375 shares are also listed as directly held.

What Was Disclosed

Johnson's filing reports two open-market common stock purchases totaling 30,350 shares on November 9, 2026, resulting in direct ownership of 97,780 shares. The filing also amends a March 2026 report to correct the number of shares retained after an RSU vesting, reflecting that 9,181 shares were withheld for taxes.