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

Director Brett T. Agee sold a total of 82,243 shares of Ranger Energy Services Class A Common Stock in two separate transactions on December 5th and 6th, 2024.

Summary

• Brett T. Agee, a director at Ranger Energy Services, sold 54,608 shares of Class A Common Stock on December 5, 2024, at a weighted average price of $17.0602 per share.
• The shares were sold in multiple transactions with prices ranging from $17.00 to $17.175.
• On December 6, 2024, Mr. Agee sold an additional 27,635 shares at a weighted average price of $16.5782 per share.
• These shares were sold in multiple transactions with prices ranging from $16.43 to $16.605.
• The sales were conducted indirectly through Bayou Well Holdings Company, LLC, where Mr. Agee is a managing member.
• Following these transactions, Mr. Agee indirectly beneficially owns 2,031,864 shares of Class A Common Stock through the LLC.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity. It doesn't indicate positive or negative sentiment, but rather a factual transaction.

Risks

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

Management Comments

• The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.

Industry Context

Insider sales are a common occurrence, and this transaction is not unusual for a director of a publicly traded company. The energy services sector can be volatile, and insider transactions are often scrutinized by investors for potential signals.

Comparison to Industry Standards

• It is common for directors and officers of public companies to sell shares for personal financial management reasons.
• The volume of shares sold is not unusual for a director holding a significant stake in the company.
• The price range of the sales is within the typical trading range for the stock.

Stakeholder Impact

• Shareholders may react to the insider sales, potentially causing short-term price fluctuations.
• The sales do not directly impact employees, customers, or suppliers.

Key Dates

Keywords

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