Form 4: Ranger Energy Services Director Sells 30,791 Shares of Class A Common Stock

Brett T. Agee, a director at Ranger Energy Services, sold 30,791 shares of Class A Common Stock at an average price of $15.5167 per share on December 12, 2024.

Summary

• Brett T. Agee, a director of Ranger Energy Services, sold 30,791 shares of Class A Common Stock on December 12, 2024.
• The shares were sold at a weighted average price of $15.5167.
• The sale was executed in multiple transactions with prices ranging from $15.50 to $15.60 per share.
• Following the transaction, Mr. Agee indirectly beneficially owns 1,863,208 shares through Bayou Well Holdings Company, LLC.
• Mr. Agee disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director. It doesn't indicate any positive or negative sentiment about the company's performance or future prospects.

Management Comments

• The reporting person is a managing member of Bayou Well Holdings Company, LLC.
• He disclaims beneficial ownership except to the extent of his pecuniary interest.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is common in the energy services industry. Such transactions are closely monitored by investors for insights into management's perspective on the company's value.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, including those in the energy sector like Ranger Energy Services.
• Similar filings are made by directors and officers of companies like Halliburton, Schlumberger, and Baker Hughes when they trade their company's stock.
• The level of detail provided in this Form 4 is consistent with SEC requirements and industry norms.

Stakeholder Impact

• The stock sale may have a minor impact on the stock price, but it is unlikely to have a significant effect on other stakeholders.

Key Dates

Keywords

Ranger Energy Services, stock sale, insider trading, Form 4, Brett T. Agee, Class A Common Stock, Bayou Well Holdings Company