Form 4: Ranger Energy Services Director Sells Shares in Multiple Transactions

Director Brett T. Agee sold a total of 127,870 shares of Ranger Energy Services Class A Common Stock in two separate transactions.

Summary

• Brett T. Agee, a director and 10% owner of Ranger Energy Services, sold 27,870 shares of Class A Common Stock on November 29, 2024, at a weighted average price of $16.5196.
• These shares were sold in multiple transactions with prices ranging from $16.50 to $16.605.
• On December 2, 2024, Mr. Agee sold an additional 100,000 shares at a weighted average price of $16.604.
• These shares were sold in multiple transactions with prices ranging from $16.50 to $16.83.
• The sales were conducted through Bayou Well Holdings Company, LLC, of which Mr. Agee is a managing member.
• Following these transactions, Mr. Agee indirectly owns 2,222,794 shares of Class A Common Stock through Bayou Well Holdings Company, LLC.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance, but large sales can sometimes be viewed negatively by the market.

Risks

• Large sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Management Comments

• Brett T. Agee, President & CEO, signed the report.

Industry Context

Insider trading activity is a common occurrence in the energy sector, and these transactions are routinely disclosed to the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, including those in the energy sector.
• The reported sales are within the normal range of insider trading activity observed in similar companies.

Stakeholder Impact

• The share sales could potentially impact shareholder sentiment, although the overall impact is likely to be minimal given the size of the transactions relative to the total outstanding shares.

Key Dates

Keywords

Ranger Energy Services, insider trading, Form 4, share sale, Brett T. Agee, Bayou Well Holdings Company, stock transaction