Ranger Energy (RNGR) Form 4: Director Agee Sells 13,138 Shares
Rhea-AI Filing Summary
Brett T. Agee, a director of Ranger Energy Services, Inc. (RNGR), reported sales of Class A common stock in two transactions on August 19–20, 2025. The Form 4 discloses a sale of 10,000 shares on 08/19/2025 at a weighted average price of $12.83 and a sale of 3,138 shares on 08/20/2025 at a weighted average price of $12.81, totaling 13,138 shares sold.
The filing shows various indirect holdings: shares held through Bayou Well Holdings Company, LLC and a Trust, and a direct holding reported as 6,262 shares. The reporting person disclaims beneficial ownership of certain indirect holdings except to the extent of pecuniary interest.
Positive
- Timely disclosure of insider transactions via Form 4, including dates, quantities, and weighted average prices
- Clear ownership breakdown showing direct and indirect holdings and disclaimers for Bayou Well Holdings Company, LLC and the Trust
Negative
- Insider sales totaling 13,138 shares were executed on 08/19/2025 and 08/20/2025 at weighted average prices of $12.83 and $12.81, respectively
Insights
TL;DR: Director reported modest open-market sales of 13,138 RNGR shares; disclosure provides clear ownership breakdown.
The Form 4 documents routine insider sales rather than derivative or complex transactions. The reported weighted average sale prices were $12.83 and $12.81 on consecutive dates, with total shares sold of 13,138. The filing also clarifies indirect holdings through Bayou Well Holdings Company, LLC and a trust, and a small direct holding of 6,262 shares. From a market-impact perspective, the transactions appear limited in size and are plainly disclosed, so the immediate material impact is likely neutral absent other undisclosed context.
TL;DR: Filing is a standard Section 16 disclosure showing sales and ownership disclaimers by a director.
The submission meets Section 16 reporting requirements by identifying the reporting person, relationship to the issuer (director), transaction dates, codes, quantities, and weighted average prices. It includes explicit disclaimers regarding indirect beneficial ownership for Bayou Well Holdings Company, LLC and a trust, which is important for accurately assessing control and pecuniary interest. The disclosure aids transparency for shareholders and regulators; standalone, it does not indicate governance changes or director departures.