Forum Energy EVP, general counsel Ivascu sells $450,674 in shares

John C. Ivascu, Executive Vice President, General Counsel, and Chief Compliance Officer at Forum Energy Technologies, Inc. (NASDAQ:FET), sold a total of 5,000 shares of common stock across three transactions in late October 2026. The sales, executed under a Rule 10b5-1 trading plan, amounted to $450,674, with prices per share ranging from $90.08 to $91.04.

The transactions included the sale of 700 shares on October 26, 2026, at a weighted average price of $90.08 per share. On October 27, 2026, Mr. Ivascu sold an additional 4,100 shares at a weighted average price of $90.10, followed by a sale of 200 shares at a weighted average price of $91.04 on the same day. These sales were part of a pre-arranged Rule 10b5-1 plan, which was previously disclosed by Forum Energy Technologies in a Form 10-Q filing on May 1, 2026. Following these transactions, Mr. Ivascu beneficially owns 75,512 shares of the company’s common stock.The insider sales come as Forum Energy Technologies stock trades near its 52-week high of $91.41, with shares currently at $89.95. The stock has delivered exceptional returns, surging 185% over the past year and 143% year-to-date. According to InvestingPro analysis, the company appears overvalued at current levels compared to its Fair Value estimate. Investors can access detailed valuation metrics and 10 additional ProTips for FET, plus comprehensive Pro Research Reports covering 1,400+ US stocks, exclusively on InvestingPro.

In other recent news, Forum Energy Technologies reported impressive second-quarter 2026 earnings, surpassing Wall Street expectations in both profit and revenue. The company achieved earnings of $1.16 per share, significantly exceeding the forecast of $0.51. Revenue reached $226.22 million, outpacing the anticipated $210.4 million. Management has raised its full-year guidance, attributing this to strong orders, margin expansion, and better-than-expected execution in its oilfield equipment businesses. These developments mark a strong performance for Forum Energy Technologies in the recent quarter.