Officer Owen Kratz Files to Sell 2.5M Hornbeck Shares Worth $26.4M
Summary
Officer Owen Kratz filed a Form 144 to sell 2.5 million Hornbeck Offshore shares worth approximately $26.4 million, just one day after the Helix merger closed.
Key Events · Ownership and Investor Activity · HLX
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Officer Files to Sell 2.5M Shares
Owen E. Kratz, an officer of Hornbeck Offshore Services, filed a Form 144 to sell 2,500,000 shares with an approximate market value of $26,361,000.
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Sale Follows Merger Completion
The filing comes one day after the all-stock merger with Helix Energy Solutions was completed on September 1, 2026.
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Shares Acquired Over 16 Years
The shares were acquired via equity compensation events from 2009 to 2025 and open market purchases in 2009 and 2010.
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Broker and Timing
The sale is scheduled for approximately September 2, 2026, through broker Stifel Nicolaus & Company Inc.
Analysis · HLX · Energy & Transportation
A significant insider disposition could pressure the stock in the near term, though it may also reflect post-merger portfolio rebalancing by a long-tenured executive. Owen E. Kratz, an officer of Hornbeck Offshore Services, has filed a Form 144 to sell 2.5 million shares with an approximate market value of $26.4 million. The sale comes just one day after the completion of the all-stock merger with Helix Energy Solutions, and the shares were acquired through equity compensation and open market purchases dating back to 2009.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 30% of the 1972 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. 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, HLX was trading at $10.75 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.6B. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.