[Form 4] Ranger Energy Services, Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 24-25 Jul 2025, Ranger Energy Services (RNGR) director Krishna Shivram filed a Form 4 reporting two insider equity events.

• RSU Grant: 10,712 restricted stock units (Code “A”) awarded 24 Jul 2025. Each unit converts 1-for-1 into Class A common shares; vest/expiration date: 24 Jul 2026.
• RSU Conversion: On 25 Jul 2025, 8,945 previously issued RSUs were converted into Class A shares (Code “M”) at a stated value of $12.35. No derivative units remain from this award.

After these transactions, Shivram directly owns 40,850 Class A shares and still holds 10,712 unvested RSUs. No shares were sold, so the director’s net equity stake increased, modestly reinforcing management–shareholder alignment. No other insiders or material company events were disclosed in this filing.

Positive

• Director increased direct share ownership by 8,945 shares, indicating incremental insider confidence.
• New 10,712 RSU grant extends equity-based incentive alignment through July 2026.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine RSU grant & vest; director’s holdings rise to 40.9k shares—signal is neutral-to-slightly positive, immaterial to valuation.

The Form 4 reveals standard incentive activity: a new 10,712-share RSU grant (12-month vest) and the settlement of 8,945 RSUs at $12.35. Because no shares were sold, insider ownership ticks higher, a marginally constructive governance signal. Dollar value (~$110k) is modest relative to RNGR’s market cap, so impact on fundamentals or liquidity is negligible. Overall, the filing suggests continued alignment but does not alter the investment thesis.

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).

1. Name and Address of Reporting Person^*

Shivram Krishna

(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		8,945	A	$12.35	40,850	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			8,945	07/25/2025	07/25/2025	Class A Common Stock	8,945	(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/ Krishna Shivram, 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

What insider transactions did Ranger Energy Services (RNGR) report on 24-25 Jul 2025?

The director received 10,712 RSUs on 24 Jul and converted 8,945 RSUs into shares on 25 Jul 2025.

How many RNGR shares does director Krishna Shivram now own?

Following the transactions he holds 40,850 Class A shares directly, plus 10,712 unvested RSUs.

At what price were the RSUs converted into RNGR shares?

The RSU conversion lists a price of $12.35 per share.

When will the newly granted RSUs vest?

The 10,712 RSUs vest and expire on 24 Jul 2026.

Did the filing disclose any stock sales by the director?

No. The Form 4 shows only acquisitions and conversions; no shares were sold.