Director & 10% Owner Group Sells $162.6M in Secondary Offering

summarizeSummary

Amberjack Management and affiliated entities, including a Director and 10% owner, sold over $162 million worth of Innovex International common stock as part of a recently completed secondary offering.

check_boxKey Events

• Major Insider Sale

  Amberjack Management and affiliated entities, including a Director and 10% owner, sold 6,612,500 shares of Innovex International common stock for a total value of $162,609,971.

• Participation in Secondary Offering

  This sale was part of the underwritten secondary offering completed on February 27, 2026, which was previously announced in an 8-K filing on the same day and a 424B7 filing on February 25, 2026.

• Significant Stake Reduction

  The transaction represents approximately 8.9% of the company's market capitalization and a reduction of over 28% of the insider group's total holdings prior to the sale.

auto_awesomeAnalysis

This Form 4 details the specific participation of Amberjack Management and its affiliated entities, including a Director and 10% owner, in the secondary offering that was completed on the same day, as previously announced in an 8-K filing. The sale of over $162 million in common stock represents a significant distribution by a major investor group, accounting for nearly 9% of the company's market capitalization and over 28% of their prior holdings. While the secondary offering itself was previously disclosed, this filing provides crucial insight into the extent of this key insider group's reduction in their stake, signaling a notable shift in their investment.