Form 4: Ranger Energy Services Director Brett T. Agee Reports Share Distribution
SEC Form 4 Filing
Director Brett T. Agee reports an in-kind distribution of Ranger Energy Services Class A Common Stock and adjustments to beneficial ownership.
Summary
- On March 27, 2025, Bayou Well Holdings Company, LLC ('Bayou') distributed 570,656 shares of Class A Common Stock to Agee Family Interests, LP ('AFI LP').
- Brett T. Agee, a director of Ranger Energy Services, is a limited partner of AFI LP and disclaims beneficial ownership of these shares.
- Agee is also a managing member of Bayou and disclaims beneficial ownership except to the extent of his pecuniary interest.
- Following the transaction, Agee directly owns 0 shares of Class A Common Stock.
- Agee indirectly owns 1,106,699 shares of Class A Common Stock through Bayou.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Management Comments
- The reporting person is a managing member of Bayou.
- He disclaims beneficial ownership except to the extent of his pecuniary interest therein.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership structure, but the director disclaims beneficial ownership of the distributed shares.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Date of in-kind distribution of Class A Common Stock. |
| 03/31/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Ranger Energy Services, RNGR, Brett T. Agee, Director, Share Distribution, Class A Common Stock, Bayou Well Holdings, Agee Family Interests
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