Jeffrey L. Gendell Reports 5.6% Passive Stake in Nine Energy Service, Inc.

On May 15, 2026, Jeffrey L. Gendell filed a Schedule 13G disclosing a 5.6% ownership stake in Nine Energy Service, Inc. (NINE). The filing indicates that Mr. Gendell beneficially owns 784,501 shares of common stock. These holdings are held indirectly through Tontine Capital Overseas Master Fund II, L.P. (575,251 shares) and Tontine Financial Partners, L.P. (209,250 shares). Mr. Gendell serves as the Managing Member of the entities that act as general partners for these funds, granting him shared voting and dispositive power over the securities. This filing represents a new passive ownership position exceeding the 5% threshold, as the previous ownership was reported at 0.0%. The calculation of the ownership percentage is based on approximately 13.95 million shares outstanding. The reporting person certified that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.