SandRidge Energy (NYSE: SD) opens shareholder dividend reinvestment plan

Rhea-AI Filing Summary

SandRidge Energy, Inc. has opened enrollment for its Dividend Reinvestment Plan (DRIP), allowing shareholders to reinvest cash dividends into additional shares of its common stock. The plan is administered by Equiniti Trust Company, LLC and participation is entirely voluntary for all registered holders.

Under the DRIP, cash dividends on all shares beneficially owned by a participating shareholder are automatically used to buy more SandRidge common stock, with partial participation not permitted. Shares for the plan may be acquired directly from the company, in the open market, or via privately negotiated transactions, with purchases from the company generally priced at the NYSE closing price on the dividend payment date.

Participation can be terminated at any time, at which point whole shares are issued in book-entry form and any fractional share is paid in cash. The company may prohibit or end participation that would raise a shareholder’s beneficial ownership above 4.9% of outstanding common stock, consistent with its Tax Benefits Preservation Plan and Section 382 of the Internal Revenue Code.

false 0001349436 0001349436 2025-09-08 2025-09-08 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 8, 2025

SANDRIDGE ENERGY, INC.

(Exact name of registrant as specified in its charter)

Delaware		1-33784		20-8084793
(State or Other Jurisdiction of Incorporation or Organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

1 E. Sheridan Ave, Suite 500 Oklahoma City, Oklahoma		73104
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, including Area Code: (405) 429-5500

Not Applicable.

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $0.001 par value		SD		New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

On September 8, 2025, SandRidge Energy, Inc. (the “Company”) issued a press release (the “Press Release”) announcing the opening of enrollment for shareholders interested in participating in its previously announced Dividend Reinvestment Plan (the “DRIP”), a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1 and which is incorporated into this Item 7.01 by reference.

The information set forth in this Item 7.01 is not an offer to sell, or a solicitation of an offer to buy, any securities, or a solicitation with respect to any securities.

The information contained in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01. Other Events

As previously announced, the Company has authorized a DRIP to provide shareholders with a convenient and economical method of investing cash dividends in additional shares of the Company’s common stock. The DRIP is administered by Equiniti Trust Company, LLC (the “Plan Administrator”).

All registered holders of the Company’s common stock are eligible to participate in the DRIP, and participation is entirely voluntary.  Shareholders may enroll in the DRIP at any time by completing an enrollment form online or by contacting the Plan Administrator at 800-278-4353 or equiniti.com/us/ast-access/individuals.  Shareholders who do not enroll will continue to receive cash dividends, if and when declared by the Company.  Under the DRIP, cash dividends declared on all shares of common stock beneficially owned by a participating shareholder will be automatically reinvested in additional shares of common stock.  Participants are required to enroll all shares they own, as partial participation is not permitted under the DRIP.

The Plan Administrator may acquire shares for the DRIP either directly from the Company, including from authorized but unissued or treasury shares, in the open market, or through privately negotiated transactions, or any combination thereof, at the Company’s discretion.  Unless otherwise directed by the Company, shares will be purchased directly from the Company.  If shares are purchased from the Company, the purchase price will be the closing price of the Company’s common stock on the New York Stock Exchange (“NYSE”) on the dividend payment date.  If shares are purchased in the open market, the price will be the volume weighted average price paid for all shares purchased for the DRIP on the relevant purchase date, excluding fees and commissions.

Participation in the DRIP may be terminated at any time by notifying the Plan Administrator.  Upon termination, whole shares will be issued in book-entry form, and any remaining fractional share will be paid in cash.  The Company reserves the right to prohibit or terminate participation by any shareholder whose participation would result in beneficial ownership exceeding 4.9% of the Company’s outstanding common stock, in accordance with the Company’s Tax Benefits Preservation Plan and Section 382 of the Internal Revenue Code.

The foregoing summary of the DRIP and the enrollment procedures for shareholders are qualified in their entirety by reference to the prospectus included in the registration statement Form S-3D, which was filed by the Company with the Securities and Exchange Commission on September 5, 2025 (the “Registration Statement”). Shareholders interested in participating in the DRIP are encouraged to review the Registration Statement carefully and the description of the DRIP included therein.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1		Press Release issued September 8, 2025.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SANDRIDGE ENERGY, INC.

(Registrant)

Date: September 8, 2025	By:	/s/ Jonathan Frates
		Jonathan Frates
		Executive Vice President and Chief Financial Officer

2

FAQ

What did SandRidge Energy (SD) announce regarding its dividend reinvestment?

SandRidge Energy opened enrollment for its Dividend Reinvestment Plan (DRIP), which lets shareholders reinvest cash dividends into additional shares of the company’s common stock on a voluntary basis.

Who is eligible to participate in SandRidge Energy’s DRIP?

All registered holders of SandRidge Energy’s common stock are eligible to participate in the DRIP, and participation is entirely voluntary for those shareholders.

How does the SandRidge Energy (SD) DRIP work for reinvesting dividends?

For shareholders enrolled in the DRIP, cash dividends declared on all shares of common stock they beneficially own are automatically reinvested in additional shares, and partial enrollment of only some shares is not allowed.

How are DRIP shares for SandRidge Energy purchased and priced?

The Plan Administrator may acquire DRIP shares directly from SandRidge Energy, in the open market, or through privately negotiated transactions. If bought from the company, the price is the NYSE closing price on the dividend payment date; if bought in the market, it is the volume-weighted average price paid for all DRIP purchases on the purchase date, excluding fees and commissions.

Can shareholders exit the SandRidge Energy DRIP, and what happens then?

Participation in the DRIP can be terminated at any time by notifying the Plan Administrator. When participation ends, whole shares are issued in book-entry form and any remaining fractional share is paid in cash.

Is there an ownership limit for participating in SandRidge Energy’s DRIP?

SandRidge Energy may prohibit or terminate DRIP participation by any shareholder whose participation would result in beneficial ownership exceeding 4.9% of the company’s outstanding common stock, in line with its Tax Benefits Preservation Plan and Section 382 of the Internal Revenue Code.

Where can SandRidge Energy shareholders find more details about the DRIP?

Details about the DRIP and enrollment procedures are described in the prospectus included in the company’s Form S-3D registration statement filed on September 5, 2025, which shareholders are encouraged to review.