The Form 144 is routine for an officer selling restricted stock from a bonus award. However, the pattern of recent insider selling and mixed analyst sentiment suggests monitoring for additional filings or a potential negative catalyst. The sale itself is too small to move the stock.
Price Chart
Executive Summary
Michael Danford, an officer of Forum Energy Technologies, filed a Form 144 on August 14, 2026 indicating intent to sell 3,000 shares of common stock valued at approximately $166,476. This is a relatively small sale compared to the company's $927M market cap, but adds to the recent pattern of insider selling (6 trades totaling $878K in the past 30 days). The sale appears to be from a restricted stock bonus vesting, reducing its signal value.
Key Facts
- Officer Michael Danford intends to sell 3,000 shares of FET common stock
- Proposed sale value approximately $166,476 based on filing date
- Shares were acquired via stock bonus on 02/19/2023
- Recent insider activity shows 6 sales totaling $878K in the past 30 days
- Company has mixed analyst sentiment with 0 buy ratings and 4 sell ratings
Financial Impact
Proposed sale of $166K vs $927M market cap (~0.018%)
Risk Factors
- Ongoing insider selling pattern may indicate management's bearish view
- Low analyst bullish conviction (0% buy ratings) could weigh on sentiment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-057075 |
| Document: 0001628280-26-057075-index.html | 0001628280-26-057075 |
| Document: 0001628280-26-057075.txt | 0001628280-26-057075 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $88.87 | awaiting T+20 | — | $88.87 (+0.00%) |
Aug 21, 2026 9w ago | Insider Cluster | $76.05 $80.95 | ▼ −6.44% | ▼ −5.15% | $88.87 (−16.86%) |
Aug 17, 2026 10w ago | Insider Cluster | $82.51 $82.18 | ▼ −0.40% | ▲ +0.59% | $88.87 (+7.71%) |
Aug 14, 2026 10w ago | 144 | $85.36 $80.69 | ▼ −5.47% | ▼ −3.48% | $88.87 (+4.11%) |
Aug 12, 2026 10w ago | Insider Cluster | $82.42 $83.02 | ▲ +0.73% | ▲ +2.48% | $88.87 (+7.83%) |
Aug 11, 2026 10w ago | Insider Cluster | $82.86 $80.96 | ▼ −2.29% | ▼ −0.40% | $88.87 (+7.25%) |
Aug 11, 2026 10w ago | 144 | $83.07 $80.22 | ▲ +3.43% | ▲ +2.37% | $88.87 (−6.98%) |
Jun 9, 2026 19w ago | 144 | $52.18 $47.48 | ▼ −9.01% | ▼ −10.45% | $88.87 (+70.31%) |
May 12, 2026 23w ago | 8-K | $55.59 $51.87 | ▼ −6.69% | ▼ −4.96% | $88.87 (+59.87%) |
Mar 27, 2026 30w ago | DEFA14A | $61.92 $63.41 | ▲ +2.41% | ▼ −10.33% | $88.87 (+43.52%) |
US Market Status
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