Ranger Energy (RNGR) Form 4: Director Disposes of 21,147 Class A Shares

Rhea-AI Filing Summary

Brett T. Agee, a director of Ranger Energy Services, Inc. (RNGR), reported sales of Class A common stock in mid-August 2025. On 08/15/2025 he sold 11,147 shares at a weighted average price of $12.63, and on 08/18/2025 he sold 10,000 shares at a weighted average price of $12.82. After these transactions the filing reports 1,060,552 shares beneficially owned indirectly through Bayou Well Holdings Company, LLC; the filing also discloses 93,874 shares held indirectly in a trust and a separate disposal of 6,262 shares.

The filing includes standard explanatory notes that Agee disclaims beneficial ownership except for his pecuniary interest in the LLC and the trust, and states the sale prices are weighted averages with transaction ranges available to SEC staff on request.

Positive

• Transparent disclosure of insider sales with weighted average prices and willingness to provide transaction detail to the SEC
• Continued significant indirect ownership remains after sales: 1,060,552 shares reported via Bayou Well Holdings Company, LLC

Negative

• Insider sold 21,147 shares in mid-August 2025, which may be viewed negatively by some investors
• Form 4 shows disposals (including 6,262 shares) without accompanying explanation such as a 10b5-1 plan in the filing

Insights

Corporate Governance Expert

TL;DR: A director reported small-scale open-market sales, reducing indirect holdings but retaining a large indirect position.

The reported disposals total 21,147 shares executed at weighted average prices of $12.63 and $12.82. The filing emphasizes indirect ownership through an LLC and a trust with disclaimers of beneficial ownership except for pecuniary interest. From a governance perspective, these are routine Section 16 disclosures showing compliance with reporting rules and providing transparency into related-party holdings. The filings do not state any derivative transactions or changes to control, and provide customary explanatory language about weighted-average pricing and availability of transaction detail to SEC staff.

Securities Analyst

TL;DR: Insider sales are disclosed but represent a modest amount relative to the reported indirect stake, suggesting limited immediate market impact.

The two reported sell transactions total 21,147 shares and reduced the reported indirect stake to 1,060,552 shares via Bayou Well Holdings Company, LLC. The filing shows the trust holds 93,874 shares and notes a separate disposition of 6,262 shares. No purchases, options, conversions, or new derivative positions are reported. This is an informational Form 4 disclosure; it does not provide context such as trading plan or personal reasons for the sales, and it does not indicate any material corporate event.

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
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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Agee Brett T.

(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)
08/15/2025

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	08/15/2025		S		11,147	D	$12.63(1)	1,070,552	I	Bayou Well Holdings Company, LLC(2)
Class A Common Stock	08/18/2025		S		10,000	D	$12.82(3)	1,060,552	I	Bayou Well Holdings Company, LLC(2)
Class A Common Stock								93,874	I	Trust(4)
Class A Common Stock								6,262	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.60 to $12.745, inclusive. Details on the number of shares purchased at each separate price will be provided to the staff of the Securities and Exchange Commission upon request.

2. The reporting person is a managing member of Bayou Well Holdings Company, LLC. He disclaims beneficial ownership except to the extent of his pecuniary interest therein.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.725 to $12.85, inclusive. Details on the number of shares purchased at each separate price will be provided to the staff of the Securities and Exchange Commission upon request.

4. The reporting person is the beneficiary and trustee of the Trust. He disclaims beneficial ownership except to the extent of his pecuniary interest therein.

	/s/ Brett T. Agee	08/18/2025
	** 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

What insider transactions did RNGR director Brett T. Agee report?

The Form 4 reports sales of 11,147 shares on 08/15/2025 at a weighted average price of $12.63 and 10,000 shares on 08/18/2025 at a weighted average price of $12.82.

How many RNGR shares does Brett T. Agee beneficially own after the reported sales?

The filing reports 1,060,552 shares beneficially owned indirectly through Bayou Well Holdings Company, LLC after the transactions.

Does the Form 4 indicate Agee directly owns the reported shares?

No; the filing states Agee is a managing member of the LLC and is beneficiary and trustee of a trust and disclaims beneficial ownership except to the extent of his pecuniary interest.

Are there any derivative transactions reported by Agee in this Form 4?

No derivative securities (options, warrants, puts, calls, or conversions) are reported in Table II of this Form 4.

Did the filing provide exact per-transaction prices for the sales?

The filing provides weighted average prices and notes price ranges for the multiple transactions; it states details by price will be provided to SEC staff upon request.