Robert Wayne Prejean, Chief Executive Officer and Director of Drilling Tools International Corp, filed a Form 4 on November 13, 2026, disclosing an open-market purchase of common stock on November 12, 2026.

Key Highlights

  • Open-market purchase: Prejean acquired 10,000 shares of Drilling Tools International Corp common stock on November 12, 2026, with transaction code P.
  • Weighted average price: The reported price of $1.773 per share reflects a weighted average; individual transactions ranged from $1.75 to $1.80, inclusive.
  • Resulting direct ownership: Following the purchase, Prejean directly holds 601,076 shares of common stock.
  • RSU holdings: Prejean also holds 213,270 RSUs vesting over four anniversaries of February 28, 2025, and 85,721 RSUs granted February 27, 2026, vesting over three anniversaries under the 2026 LTIP.
  • PSU holdings: Prejean holds 257,162 PSUs granted February 27, 2026, subject to EBITDA performance conditions, with payout ranging from 50% at threshold to 200% at maximum.
  • Stock options: Prejean holds two tranches of stock options covering 1,000,000 and 1,201,872 shares, respectively, both held directly.

Prejean's November 2026 Common Stock Purchase and Full Holdings Breakdown

According to the filing, Prejean purchased 10,000 shares of Drilling Tools International Corp (NASDAQ:DTI) common stock on November 12, 2026, using transaction code P, indicating an open-market purchase. The price column reflects a weighted average of $1.773 per share. The filing notes that the shares were acquired in multiple transactions at prices ranging from $1.75 to $1.80, inclusive, and that full details of shares purchased at each separate price are available upon request to the company, any security holder, or SEC staff.

Following the reported transaction, Prejean's direct beneficial ownership of common stock stands at 601,076 shares, as reported in Table I of the filing. In addition to the common stock position, Table II discloses several derivative security holdings. Prejean holds 213,270 restricted stock units (RSUs) vesting in substantially equal installments on each of the first four anniversaries of the grant date of February 28, 2025, and 85,721 RSUs granted on February 27, 2026, under the company's 2023 Omnibus Incentive Plan pursuant to the 2026 long-term incentive program, vesting in substantially equal installments over three anniversaries. Each RSU represents a contingent right to receive one share of common stock.

The filing further discloses 257,162 performance stock units (PSUs) granted February 27, 2026, under the 2026 LTIP. According to the filing, the PSUs are subject to EBITDA-based performance conditions weighted at 100%, with annual reset over a three-year performance vesting period. Achievement at threshold results in a 50% payout opportunity, while achievement at maximum results in a 200% payout opportunity. Prejean also holds two tranches of stock options covering 1,000,000 and 1,201,872 shares of common stock, both held directly, with differing vesting schedules described in the filing. The form was signed by John Niedzwiecki as attorney-in-fact on November 13, 2026.

What Was Disclosed

Drilling Tools International Corp's CEO Robert Wayne Prejean reported a purchase of 10,000 shares of common stock at a weighted average price of $1.773 on November 12, 2026, bringing his direct share ownership to 601,076, alongside existing RSU, PSU, and stock option holdings.