Form 4: Bayou Well Holdings Company, LLC Executes Transaction Involving Ranger Energy Services, Inc. Securities
SEC Form 4
Bayou Well Holdings Company, LLC reports a transaction involving the exchange of Ranger Energy Services, Inc. Class B Common Stock and Ranger LLC Units for Class A Common Stock.
Summary
- On October 1, 2021, Bayou Well Holdings Company, LLC engaged in a transaction involving Ranger Energy Services, Inc. (RNGR).
- 450,000 shares of Class A Common Stock were acquired at $0 per share.
- 450,000 shares of Class B Common Stock were disposed of at $0 per share.
- The transaction involved the exchange of Ranger LLC Units, along with the cancellation of Class B Common Stock, for Class A Common Stock on a one-for-one basis.
- Following the transaction, Bayou Well Holdings Company, LLC directly owns 450,000 shares of Class A Common Stock and indirectly owns 2,164,107 shares through Ranger Energy Holdings, LLC.
- The reporting person disclaims beneficial ownership of the indirectly held shares except to the extent of its pecuniary interests therein.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing detailing a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about changes in ownership. The sentiment is neutral.
Future Outlook
The Ranger LLC Units are exchangeable for shares of Class A Common Stock, with the option for Ranger LLC and the Issuer to deliver cash in lieu of shares, subject to certain reclassification and retraction rights.
Industry Context
This Form 4 filing indicates internal transactions and changes in beneficial ownership within Ranger Energy Services, Inc., which is relevant to investors monitoring the company's stock ownership structure and potential impact on stock performance.
Stakeholder Impact
- The transaction may be of interest to shareholders as it reflects changes in the ownership structure of the company.
- The exchange mechanism between Ranger LLC Units and Class A Common Stock could impact the future dilution of shares.
Key Dates
| Date | Description |
|---|---|
| 10/01/2021 | Date of transaction involving Class A Common Stock, Class B Common Stock, and Ranger LLC Units. |
| 11/01/2024 | Date of signature of the report by Brett T. Agee, President & CEO. |
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