Ranger Energy (RNGR) Form 4: Director Disposes 49,651 Class A Shares
Rhea-AI Filing Summary
Brett T. Agee, a director of Ranger Energy Services, Inc. (RNGR), reported multiple sales of Class A common stock on September 15-16, 2025. The Form 4 shows sales of 7,015 shares on 09/15/2025 at a weighted-average price of $14.32, and sales on 09/16/2025 of 22,985 shares (weighted-average $14.47), 13,389 shares (weighted-average $14.52) and 6,262 shares (price not separately disclosed in table). The reporting person discloses indirect ownership through Bayou Well Holdings Company, LLC and a Trust and states he disclaims beneficial ownership except to the extent of his pecuniary interest. Post-transaction beneficial ownership figures are reported in the filing for the disclosed indirect holdings.
Positive
- Timely and detailed reporting: The Form 4 supplies transaction dates, quantities, weighted-average prices, post-transaction ownership figures, and explanatory footnotes.
- Ownership transparency: The filing discloses indirect ownership through Bayou Well Holdings Company, LLC and a Trust and includes standard disclaimers of beneficial ownership to the extent of pecuniary interest.
Negative
- Multiple sales over two days: The reporting person disposed of 49,651 shares across 09/15-09/16/2025, which is a material insider selling event though the filing does not state purpose.
- Weighted-average pricing masks trade detail: Prices are reported as weighted averages and the filing notes multiple transactions; per-trade price and share breakdowns are not shown in the table (available to SEC staff on request).
Insights
TL;DR: Director sold a modest number of shares over two days; transactions are routine insider dispositions with weighted-average trade prices disclosed.
The filing documents open-market sales totaling 49,651 shares across 09/15/2025 and 09/16/2025 at weighted-average prices disclosed for three lots ($14.32, $14.47, $14.52). The report also clarifies indirect holdings via Bayou Well Holdings Company, LLC and a Trust, with disclaimers limiting direct beneficial ownership claims to pecuniary interest. No derivative transactions or acquisitions are reported. For valuation impact, the disclosed prices and quantities allow calculation of gross proceeds, but the Form 4 does not state intent or use of proceeds.
TL;DR: Insider disclosed multiple sales and appropriate beneficial ownership disclaimers; filings appear procedurally compliant.
The Form 4 identifies Brett T. Agee as a director and provides transaction codes and weighted-average prices for multiple sales, plus disclosure of indirect ownership through LLC and Trust entities with standard disclaimers. The signature and dates are present. There are no indications of late filing or corrective amendments within the document. From a governance standpoint, the disclosure aligns with Section 16 reporting requirements and provides transparency about indirect holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 22,985 | $14.47 | $333K |
| Sale | Class A Common Stock | 13,389 | $14.52 | $194K |
| Sale | Class A Common Stock | 7,015 | $14.32 | $100K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.30 to $14.41, 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. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.30 to $14.59, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.50 to $14.55, 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. The reporting person is the beneficiary and trustee of the Trust. He disclaims beneficial ownership except to the extent of his pecuniary interest therein.
