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Executive Summary

Raymond Chang, an officer of DNOW Inc., filed a Form 144 on August 10, 2026, indicating intent to sell 76,238 shares of common stock, with an approximate market value of $1.29 million based on the filing date. This represents a notable insider sale plan, though Form 144 signals intent rather than a completed transaction, and the sale may not occur. The filing is neutral as it lacks context on the insider's total holdings or the company's financial condition, and the historical performance of prior reports on DNOW shows a low win rate, suggesting limited predictive value for stock movement.

Key Facts

• Raymond Chang, an officer of DNOW Inc., filed a Form 144 on August 10, 2026.
• The filing indicates an intent to sell 76,238 shares of common stock.
• The approximate market value of the proposed sale is $1,294,765.20.
• The shares were acquired through a stock option exercise on the same date.
• The sale is planned to be executed through Morgan Stanley Smith Barney LLC.

Financial Impact

Proposed sale of 76,238 shares valued at approximately $1.29 million, representing about 0.04% of DNOW's $3.0B market cap.

Risk Factors

• The sale may not be completed, as Form 144 is an intent notice.
• Insider selling could be perceived negatively by the market despite the small relative size.
• Historical reports on DNOW show a low win rate, indicating limited predictive value for stock movement.

Market Snapshot

Investment Themes

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

US Market Status