DNOW insider David Cherechinsky plans $4.29M stock sale as shares hover near 52-week high
DNOW sits 52% above its 52-week low of $10.935.
Summary
DNOW officer and director David Cherechinsky plans to sell $4.29 million in stock near the 52-week high, likely a liquidity event tied to option exercises.
Key Events · Ownership and Investor Activity · DNOW
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Officer/Director Sale Intent
David Cherechinsky filed to sell 256,142 shares worth approximately $4.29 million, representing about 0.14% of outstanding shares.
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Source of Shares
The shares were acquired via an option exercise on the same day, pointing to a liquidity event rather than a reduction in ownership stake.
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Timing Near 52-Week High
The filing comes days after strong Q2 results, with the stock trading near its 52-week high of $17.26, suggesting opportunistic profit-taking.
Analysis · DNOW · Energy & Transportation
David Cherechinsky, an officer and director of DNOW, submitted a Form 144 signaling his intent to sell 256,142 shares valued at roughly $4.29 million. The shares were acquired earlier the same day through an option exercise. While the sale accounts for only about 0.14% of outstanding shares, it arrives just days after the company posted strong Q2 results that beat estimates, with the stock trading near its 52-week high. The dollar amount is notable, but the modest percentage of market cap and the same-day option exercise suggest this is a compensation-driven liquidity event rather than a shift in insider conviction.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DNOW was trading at $16.65 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3B. The 52-week trading range was $10.94 to $17.26. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.