Form 4: Director Brett Agee Reports Ranger Energy Stock Transactions and RSU Grant

Ranger Energy Services Director Brett Agee reported the acquisition of Class A Common Stock through RSU conversion, a partial sale, and a new RSU grant, alongside updated beneficial ownership.

Summary

• Director Brett T. Agee engaged in several transactions involving Ranger Energy Services, Inc. Class A Common Stock and Restricted Stock Units (RSUs).
• On July 25, 2025, Agee acquired 8,945 shares of Class A Common Stock at $12.35 per share through the conversion of derivative securities (RSUs).
• Concurrently, on July 25, 2025, Agee disposed of 2,683 shares of Class A Common Stock at $12.35 per share.
• On July 24, 2025, Agee was granted 10,712 Restricted Stock Units, each representing the right to receive one share of Class A Common Stock without payment.
• Following these transactions, Agee's direct beneficial ownership of Class A Common Stock is 6,262 shares, and he holds 10,712 Restricted Stock Units directly.
• Indirect beneficial ownership includes 1,106,699 Class A Common Stock shares through Bayou Well Holdings Company, LLC, and 93,874 shares through a Trust, with Agee disclaiming beneficial ownership except for his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While there was a disposition of shares, it appears to be a routine 'sell to cover' for taxes related to RSU vesting. The significant RSU grant and the net increase in direct common stock ownership (after conversion and sale) indicate continued alignment of the director's interests with the company's performance and a positive view on future prospects.

Positives

• Grant of 10,712 Restricted Stock Units indicates continued compensation and alignment of interests with shareholders.
• Conversion of 8,945 RSUs into common stock increases direct equity holdings, demonstrating confidence.

Negatives

• Disposition of 2,683 shares, likely for tax purposes related to RSU vesting, reduces direct common stock holdings.

Risks

• The Power of Attorney explicitly states that neither the Company nor the Attorney-in-Fact assumes any liability for the undersigned's responsibility to comply with SEC requirements (Section 13 or Section 16 of the Exchange Act or Rule 144), any liability for non-compliance, or any liability for disgorgement of profits under Section 16(b) of the Exchange Act.
• The Power of Attorney also clarifies that it does not relieve the undersigned from responsibility for compliance with their obligations under Section 13 or Section 16 of the Exchange Act, including reporting requirements.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on insider trading activities.

Management Comments

• The filing includes a signature by Pam Tudor, as Attorney-in-Fact for Brett T. Agee, indicating the use of a Power of Attorney for SEC filing purposes.

Industry Context

This Form 4 filing details individual insider transactions and does not provide broader industry context or trends. It reflects routine equity compensation and ownership adjustments for a director within the energy services sector.

Comparison to Industry Standards

• Not applicable. This filing reports individual insider transactions and does not contain information suitable for comparison to industry-wide financial or operational benchmarks.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of 1,106,699 Class A Common Stock shares is held through Bayou Well Holdings Company, LLC, where the reporting person is a managing member. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Indirect beneficial ownership of 93,874 Class A Common Stock shares is held through a Trust, where the reporting person is the beneficiary and trustee. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The director's continued equity compensation and ownership adjustments align his interests with shareholder value. The disposition of shares for tax purposes is a common practice and not indicative of a lack of confidence.

Next Steps

• The 10,712 Restricted Stock Units granted on July 24, 2025, are exercisable and expire on July 24, 2026, indicating a future vesting event.

Key Dates

Recommendation

The filing details routine insider transactions related to equity compensation, including an RSU grant, conversion, and a partial sale likely for tax purposes. These actions are typical for a director and do not indicate a significant change in the company's fundamental outlook or warrant a strong buy or sell recommendation based solely on this filing. It reinforces the director's continued alignment with the company's equity.

Keywords

Ranger Energy Services, RNGR, SEC Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, RSU, Stock Grant, Director Transactions, Equity Compensation, Power of Attorney, SEC Filings