Ring Energy (REI) CFO acquires 231,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ring Energy, Inc. Executive Vice President and Chief Financial Officer Sundip Singh Johl reported an open-market purchase of common stock. He bought 231,000 shares of Ring Energy at a weighted average price of $1.2071 per share. Following this transaction, he directly owns 548,460 common shares. The filing notes that the purchase was executed through multiple trades at prices ranging from $1.1922 to $1.2218 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 231,000 shares ($278,840)
Net Buy
1 txn
Insider
Johl Sundip Singh
Role
EVP, Chief Financial Officer
Bought
231,000 shs ($279K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 231,000 | $1.2071 | $279K |
Holdings After Transaction:
Common Stock — 548,460 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 231,000 shares
Weighted average purchase price: $1.2071 per share
Post-transaction holdings: 548,460 shares
+1 more
4 metrics
Shares purchased
231,000 shares
Open-market purchase of common stock
Weighted average purchase price
$1.2071 per share
Price paid for 231,000 Ring Energy shares
Post-transaction holdings
548,460 shares
Direct common stock owned by CFO after purchase
Trade price range
$1.1922–$1.2218 per share
Range of prices across multiple purchase transactions
Key Terms
open-market purchase, weighted average price, Form 4
3 terms
open-market purchase financial
"He bought 231,000 shares of Ring Energy at a weighted average price of $1.2071 per share."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.1922 to $1.2218, inclusive."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Ring Energy (REI) report in this Form 4?
Ring Energy reported that its EVP and Chief Financial Officer, Sundip Singh Johl, purchased 231,000 shares of common stock. The shares were acquired in an open-market transaction at a weighted average price of $1.2071 per share, increasing his direct ownership stake.
Was the Ring Energy (REI) insider transaction a purchase or a sale?
The insider transaction was a purchase. EVP and Chief Financial Officer Sundip Singh Johl conducted an open-market buy of 231,000 Ring Energy common shares, as indicated by transaction code “P” and the buy classification in the Form 4 data.
What does the price range in the Ring Energy (REI) Form 4 footnote mean?
The footnote explains that the reported $1.2071 is a weighted average price across multiple trades. Individual purchases were executed at prices between $1.1922 and $1.2218 per share, and full trade-by-trade details are available upon request from the company or regulators.