Ray L. Mays Acquires Restricted Stock Units in Dawson Geophysical Co.

On October 27, 2025, Ray L. Mays, EVP & Chief Operating Officer of Dawson Geophysical Co., acquired 100,000 restricted stock units (RSUs) under the company's Amended and Restated 2016 Stock and Performance Incentive Plan. These RSUs represent the contingent right to receive shares of the company's Class A common stock and will vest in three equal annual installments starting in October 2026. Following this transaction, Mays owns a total of 108,500 shares of the company's common stock. The acquisition was reported in a Form 4 filing with the SEC.