Ranger Energy Director Boosts Stake with Net 9.8k Share Purchase

Rhea-AI Filing Summary

Ranger Energy Services (RNGR) – Form 4 filing discloses transactions by Director Carla S. Mashinski.

• 13,971 Class A shares acquired on 25 Jul 2025 via RSU conversion (Code M) at an effective $12.35.
• 4,191 shares sold the same day at $12.35 (Code D), resulting in a net increase of 9,780 shares.
• Post-transaction direct ownership: 9,780 common shares.
• 10,712 new RSUs granted on 24 Jul 2025 (Code A); they convert 24 Jul 2026, bringing derivative holdings to 10,712 units.

The filing signals greater equity alignment: Mashinski’s direct stake rises from zero to 9.8 k shares, while a fresh one-year RSU award reinforces retention incentives. The modest sale partially offsets the exercise but is small relative to the shares acquired.

Positive

• Net insider purchase of 9,780 shares demonstrates confidence and increases director’s skin in the game.
• Grant of 10,712 new RSUs extends incentive horizon to July 2026, supporting board retention and alignment.

Negative

• Sale of 4,191 shares slightly offsets the positive signal and may indicate liquidity or tax needs.

Insights

Securities Analyst

TL;DR: Director nets 9.8k RNGR shares and receives 10.7k RSUs; insider buying outweighs minor sale—moderately bullish governance signal.

Materiality: Insider buying is often read as confidence; Mashinski’s net purchase equates to roughly $120k at the $12.35 reference price. The simultaneous sale (≈$52k) appears liquidity-motivated and does not erase the larger positive signal. New one-year RSU grant tightens director-company alignment through 2026, suggesting ongoing board engagement.
Impact: While absolute share count is modest versus RNGR’s ~20 m share float, directionally it is positive and could bolster investor sentiment in a thin-float small-cap. No operational or financial metrics are involved, so valuation impact is limited; nonetheless, the trade leans incrementally bullish.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MASHINSKI CARLA S

(Last) (First) (Middle)

10350 RICHMOND AVENUE

SUITE 550

(Street)

HOUSTON TX 77042

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ranger Energy Services, Inc. [ RNGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/25/2025		M		13,971	A	$12.35	13,971	D
Class A Common Stock	07/25/2025		D		4,191	D	$12.35	9,780	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	07/24/2025		A		10,712		07/24/2026	07/24/2026	Class A Common Stock	10,712	(1)	10,712	D
Restricted Stock Unit	(1)	07/25/2025		M			13,971	07/25/2025	07/25/2025	Class A Common Stock	13,971	(1)	0	D

Explanation of Responses:

1. Each restricted stock unit represents a right to receive without payment one share of Class A Common Stock of the Issuer.

Remarks:

Power of Attorney - Exhibit 24.1

	/s/ Carla Mashinski, by Pam Tudor, as Attorney-in-Fact	07/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Ranger Energy (RNGR) shares did the director buy or sell?

Carla Mashinski acquired 13,971 shares and sold 4,191, for a net purchase of 9,780 shares.

What price was paid for the RNGR insider transactions?

Both the acquisition and sale were reported at $12.35 per share.

What new equity award did the director receive?

She received 10,712 restricted stock units that convert to common stock on 24 Jul 2026.

What is the director’s current RNGR share ownership after the filing?

Following the transactions, Mashinski directly owns 9,780 Class A shares and 10,712 RSUs.

Does the Form 4 indicate confidence in Ranger Energy Services?

The net purchase and new RSU grant suggest a modestly positive insider confidence signal.