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

Director Brett T. Agee sold a total of 95,491 shares of Ranger Energy Services Class A Common Stock in multiple transactions over two days.

Summary

• Brett T. Agee, a director and 10% owner of Ranger Energy Services, sold 87,255 shares of Class A Common Stock on November 26, 2024, at a weighted average price of $16.658 per share.
• On November 27, 2024, Mr. Agee sold an additional 8,236 shares at a weighted average price of $16.7279 per share.
• The shares were sold in multiple transactions with prices ranging from $16.50 to $16.865 on November 26th and $16.50 to $16.84 on November 27th.
• Following these transactions, Mr. Agee, through Bayou Well Holdings Company, LLC, beneficially owns 2,350,664 shares of Class A Common Stock.
• Mr. Agee is a managing member of Bayou Well Holdings Company, LLC, and may be deemed to have voting and dispositive power over the shares held by the LLC.

Sentiment

Score: 4

Explanation: The document indicates a significant sale of shares by a director, which could be interpreted negatively by the market, but it is a routine filing and does not necessarily indicate a negative outlook.

Negatives

• A director selling a significant number of shares could be perceived negatively by the market.

Risks

• The sale of a large number of shares by a director could potentially put downward pressure on the stock price.
• The market may interpret the sale as a lack of confidence in the company's future prospects by a key insider.

Management Comments

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

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade company stock. The energy services sector can be volatile, and insider transactions are closely watched by investors.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly traded companies, and the filing of Form 4 is a standard procedure.
• The volume of shares sold by Mr. Agee is significant, but not unusual for a director and 10% owner.
• Comparable companies in the energy services sector also experience insider trading activity, and these filings are routinely monitored by investors.

Stakeholder Impact

• Shareholders may react to the sale of shares by a director, potentially impacting the stock price.
• The sale could influence investor sentiment regarding the company's future prospects.

Key Dates

Keywords

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