Form 4: SandRidge Energy Director Jonathan Frates Acquires Shares Through Restricted Stock Grant

Director Jonathan Frates of SandRidge Energy Inc. acquired 11,236 shares of common stock through a restricted stock grant on June 12, 2024, at a price of $13.35 per share.

Summary

• On June 12, 2024, Jonathan Frates, a director of SandRidge Energy Inc., acquired 11,236 shares of common stock.
• The acquisition was a result of a restricted stock grant.
• The price per share was $13.35.
• Following the transaction, Frates directly owns 65,138 shares of SandRidge Energy Inc.
• The restricted stock will vest on the earlier of the first anniversary of the grant date or the day immediately preceding the Company's next annual meeting of stockholders.

Sentiment

Score: 7

Explanation: Director's stock acquisition is generally a positive sign, indicating confidence in the company's prospects. The sentiment is moderately positive.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.

Future Outlook

The restricted stock will vest on the earlier of the first anniversary of the grant date or the day immediately preceding the Company's next annual meeting of stockholders.

Industry Context

Directors acquiring shares in their own company is generally viewed positively by the market, as it aligns management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates