Ranger Energy (RNGR) reporting persons fall below 5% threshold

Rhea-AI Filing Summary

Ranger Energy Services, Inc. reporting persons filed an amendment stating they no longer exceed the five percent ownership threshold. The amendment reports 1,124,196 shares of Class A Common Stock, representing 4.8% of the 23,550,288 shares outstanding as of February 28, 2026, and constitutes an exit filing for the named holders.

Insights

Governance & Investor Relations Analyst

Routine ownership update: holders fall below 5%.

The amendment updates beneficial‑ownership status for American Well Holdings, Argonaut Fund IV GP, BW Investment Management and Steven R. Mitchell, reporting 1,124,196 shares or 4.8% of Class A as of February 28, 2026. The filing is labeled an exit filing.

This is an administrative disclosure that changes regulatory status (below the five percent threshold) but does not state any change in voting arrangements beyond shared voting and dispositive power. Subsequent filings would show any material trading or transfers.

Key Figures

Shares beneficially owned: 1,124,196 shares Percent of class: 4.8% Shares outstanding: 23,550,288 shares

3 metrics

Shares beneficially owned 1,124,196 shares Amount reported as beneficially owned by AWH and related reporting persons

Percent of class 4.8% Percent of Class A Common Stock outstanding tied to 23,550,288 shares as of February 28, 2026

Shares outstanding 23,550,288 shares Shares outstanding as of February 28, 2026 per the issuer's Form 10-K

Key Terms

Schedule 13G/A, beneficial ownership, exit filing

3 terms

Schedule 13G/A regulatory

"This statement is filed on behalf of: (i) American Well Holdings, LLC"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficial ownership financial

"Amount beneficially owned: 1,124,196 shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

exit filing regulatory

"This Amendment constitutes an exit filing for the Reporting Persons"

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Accepted by SEC EDGAR 05/12/2026 - 04:20 PM Learn about SEC filing dates

FAQ

What did RNGR schedule 13G/A amendment report?

The amendment reported that the named reporting persons now hold 1,124,196 shares, equal to 4.8% of Class A Common Stock. It is described as an exit filing reflecting ownership below the five percent threshold as disclosed.

Who are the reporting persons named in the RNGR filing?

The filing is reported on behalf of American Well Holdings, LLC, Argonaut Fund IV GP, LP, BW Investment Management, Inc., and Steven R. Mitchell, each of whom is described as potentially beneficial owners of the reported shares.

What is the shares outstanding figure RNGR used for the percentage?

The filing cites 23,550,288 shares outstanding as of February 28, 2026 from the company’s Form 10‑K. The reported 1,124,196 shares represent approximately 4.8% of that total.

Does the amendment state who receives proceeds or that shares were sold?

The amendment does not describe proceeds or any sale proceeds recipient. It reports beneficial‑ownership levels and voting/dispositive power; cash‑flow treatment and any transfers are not specified in the provided excerpt.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Ranger Energy Services, Inc.

(Name of Issuer)

Class A Common Stock, $0.01 par value

(Title of Class of Securities)

75282U104

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 75282U104

1

Names of Reporting Persons

American Well Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,124,196.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,124,196.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,124,196.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 75282U104

1

Names of Reporting Persons

Argonaut Fund IV GP, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,124,196.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,124,196.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,124,196.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 75282U104

1

Names of Reporting Persons

BW Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,124,196.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,124,196.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,124,196.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): 75282U104

1

Names of Reporting Persons

Mitchell Steven R

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,124,196.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,124,196.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,124,196.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ranger Energy Services, Inc.
(b)	Address of issuer's principal executive offices: 10350 RICHMOND AVENUE, 10350 RICHMOND AVENUE, HOUSTON, TEXAS, 77042.
Item 2.
(a)	Name of person filing: Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: (i) American Well Holdings, LLC ("AWH"), with respect to the shares of Class A Common Stock directly owned by it; (ii) Argonaut Fund IV GP, LP ("GP"), with respect to the shares of Class A Common Stock directly owned by AWH; (iii) BW Investment Management, Inc. ("BW"), with respect to the shares of Class A Common Stock indirectly owned by GP; and (iv) Steven R. Mitchell, with respect to the shares of Class A Common Stock indirectly owned by BW. AWH is the direct owner of 1,124,196 shares of Class A Common Stock of the Issuer, representing approximately 4.8% of the 23,550,288 shares of Class A Common Stock outstanding as of February 28, 2026, as disclosed in the Issuer's Form 10-K filed March 5, 2026. BW is ultimately controlled by Mr. Mitchell, the President and Chief Executive Officer of BW, the general partner of GP, which in turn is the general partner of each of Argonaut Private Equity Fund IV, LP and Argonaut Private Equity Fund IV-A, LP (collectively, the "Argonaut Fund IV Entities"). The Argonaut Fund IV Entities indirectly control AWH. GP makes the voting and investment decision on behalf of the Argonaut Fund IV Entities. Each of Mr. Mitchell, BW, GP, and the Argonaut Fund IV Entities may be deemed to be the beneficial owners of the 1,124,196 shares of Class A Common Stock. Each of BW, GP and Mr. Mitchell disclaim any such beneficial ownership, except to the extent of their pecuniary interests therein. AWH is managed by a management board (the "Board") which operates by majority vote such that no individual member of the Board has voting or dispositive control over the securities held by AWH. Each individual constituting the Board therefore expressly disclaims beneficial ownership of these securities. This Amendment is being filed to report that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the outstanding shares of Class A common stock of the Issuer. This Amendment constitutes an exit filing for the Reporting Persons.
(b)	Address or principal business office or, if none, residence: The address and principal office of the Reporting Persons is 7030 South Yale Avenue, Suite 810, Tulsa, OK, 74136.
(c)	Citizenship: (i) AWH is a limited liability company organized under the laws of the State of Texas. (ii) GP is a limited partnership organized under the laws of the State of Delaware. (iii) BW is a corporation organized under the laws of the State of Delaware. (iv) Mr. Mitchell is a United States citizen.
(d)	Title of class of securities: Class A Common Stock, $0.01 par value
(e)	CUSIP No.: 75282U104
Item 4.	Ownership
(a)	Amount beneficially owned: 1,124,196 shares
(b)	Percent of class: 4.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: -0- shares
	(ii) Shared power to vote or to direct the vote: 1,124,196 shares
	(iii) Sole power to dispose or to direct the disposition of: -0- shares
	(iv) Shared power to dispose or to direct the disposition of: 1,124,196 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

American Well Holdings, LLC

Signature:	/s/ Phil VanTrease
Name/Title:	By: APE IV Management, IV, its manager, By Phil VanTrease, Chief Financial Officer and Secretary
Date:	05/12/2026

Argonaut Fund IV GP, LP

Signature:	/s/ Steven R. Mitchell
Name/Title:	By: BW Investment Management, Inc., its General Partner, By: Steven R. Mitchell, President and Chief Executive Officer
Date:	05/12/2026

BW Investment Management, Inc.

Signature:	/s/ Steven R. Mitchell
Name/Title:	Steven R. Mitchell, President and Chief Executive Officer
Date:	05/12/2026

Mitchell Steven R

Signature:	/s/ Steven R. Mitchell
Name/Title:	Steven R. Mitchell, Individually
Date:	05/12/2026