Form 4: Ranger Energy Services Director Sells Shares in Open Market Transaction

Brett T. Agee, a director at Ranger Energy Services, sold 19,209 shares of Class A Common Stock at a weighted average price of $15.2967 on December 16, 2024.

Summary

• Brett T. Agee, a director of Ranger Energy Services, sold 19,209 shares of Class A Common Stock on December 16, 2024.
• The shares were sold at a weighted average price of $15.2967.
• The sale was executed in multiple transactions with prices ranging from $15.24 to $15.50.
• Following the transaction, Mr. Agee directly owns 0 shares and indirectly owns 1,843,999 shares through Bayou Well Holdings Company, LLC.
• 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: 5

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

Risks

• The sale of shares by a director could be perceived negatively by the market, potentially impacting the stock price.

Management Comments

• Mr. Agee disclaims beneficial ownership of the shares held by Bayou Well Holdings Company, LLC, except to the extent of his pecuniary interest.

Industry Context

This is a routine disclosure of an insider transaction, which is common in publicly traded companies. Such transactions are closely monitored by investors for insights into management's view of the company's prospects.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting insider transactions in publicly traded companies.
• The level of detail provided in this filing is consistent with regulatory requirements.
• Similar filings are made by directors and officers of other companies in the energy services sector, such as Halliburton and Schlumberger, when they engage in transactions involving their company's stock.

Stakeholder Impact

• The share sale could potentially impact shareholder sentiment, although the transaction is relatively small compared to the total shares outstanding.
• The sale does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Ranger Energy Services, Director, Share Sale, Class A Common Stock, Brett T. Agee, Insider Trading, SEC Form 4