Hornbeck Offshore Services, Inc. filed a Form 8-K on November 9, 2026, disclosing that President, CEO, and director Todd Hornbeck terminated a 10b5-1 trading plan that had been established on September 1, 2026, covering the potential sale of 1,170,405 shares of the company's common stock.

Key Highlights

  • Plan terminated: Todd Hornbeck, President, Chief Executive Officer and director, terminated his 10b5-1 Trading Plan on November 9, 2026.
  • Original plan date: The 10b5-1 plan had been entered into on September 1, 2026.
  • Shares covered: The plan provided for the potential sale of 1,170,405 shares of Hornbeck Offshore Services common stock.
  • No shares sold: According to the filing, no shares of the company's common stock were sold under the plan prior to its termination.
  • Source of shares: The filing states the plan covered common stock "awarded prior to the merger with Helix Energy Solutions Group, Inc. under Legacy Hornbeck's management incentive plan adopted on September 4, 2020."
  • Exchange listing: The company's common stock is listed on NYSE:HOS, with a par value of $0.00001 per share.

Hornbeck Offshore CEO's Trading Plan Terminated Before Any Sales Occurred

Hornbeck Offshore Services, Inc. (NYSE:HOS) reported in an Item 8.01 "Other Events" current report that Todd Hornbeck, the company's President, Chief Executive Officer, and a member of its board of directors, terminated his previously established 10b5-1 Trading Plan. According to the filing, the plan had been entered into on September 1, 2026, and was terminated on November 9, 2026, the same date the Form 8-K was filed.

The filing states that the plan had covered the potential sale of 1,170,405 shares of the company's common stock, and that "no shares of the Company's common stock were sold under the plan prior to termination." The disclosure further notes that the shares in question were awarded prior to the company's merger with Helix Energy Solutions Group, Inc. and were governed by Legacy Hornbeck's management incentive plan, which the filing says was adopted on September 4, 2020.

The Form 8-K was signed on behalf of the registrant by R. Potter Adams, Executive Vice President and Chief Financial Officer. The company is incorporated in Delaware and maintains its principal executive offices at 103 Northpark Boulevard, Suite 300, Covington, Louisiana 70433.

What Was Disclosed

The filing disclosed the November 9, 2026 termination of a 10b5-1 trading plan held by CEO Todd Hornbeck, originally entered into September 1, 2026, covering 1,170,405 shares, with no shares having been sold under the plan.