SD insider files Form 4: RSUs granted and minor disposition disclosed

Rhea-AI Filing Summary

SandRidge Energy insider activity: Brandon Louis Brown Sr., SVP and Chief Accounting Officer, reported equity transactions dated 09/01/2025 involving common stock and restricted stock units. He acquired 1,000 shares via grant (code M) at no cash price and received 1,000 restricted stock units that convert to shares, vesting over four years in incremental installments. He also disposed of 244 shares at $11.84 each. After these transactions, his beneficial ownership totaled 15,251 shares including direct holdings and vested equivalents.

The RSUs represent contingent rights to receive common stock and vest 25% upon a timely annual report filing, 25% on 09/01/2025, and 25% on each subsequent September 1 for two years. Transactions were reported on a single Form 4 filed for one reporting person via power of attorney.

Positive

• Equity compensation granted (1,000 shares and 1,000 RSUs) which supports executive retention
• Clear vesting schedule disclosed for RSUs (25% increments) providing transparency

Negative

• Small open-market or specified sale of 244 shares at $11.84 reduces insider holdings
• None of the RSUs vested immediately (they vest over four years), so they are contingent

Insights

Securities Analyst

TL;DR: Routine insider compensation and a small sale; overall ownership change is modest and likely governance-driven.

The filing shows a standard mix of equity compensation and a minor open-market or specified sale. The reporting person received 1,000 shares as a grant and 1,000 RSUs (vesting schedule over four years), while disposing of 244 shares at $11.84 each, leaving 15,251 shares beneficially owned. These figures imply the equity grant is part of compensation rather than a significant ownership shift. The magnitude of the sale relative to total holdings is small, so the trades alone are unlikely to materially affect capital structure or signal major insider reallocation.

Corporate Governance Expert

TL;DR: Compensation-oriented grant with standard multi-year vesting; disclosure appears complete and routine.

The restricted stock unit terms are disclosed: 25% vest on a timely annual report, 25% on 09/01/2025, and 25% on each of the next two September 1 anniversaries. The Form 4 indicates proper reporting mechanics, including a power of attorney signature. The combination of immediate grant and time-based vesting aligns with common retention practices for senior officers. No departures, unusual accelerations, or derivative conversions are reported.

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
Estimated average burden
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^*

Brown Brandon Louis Sr.

(Last) (First) (Middle)

1 EAST SHERIDAN AVENUE

SUITE 500

(Street)

OKLAHOMA CITY OK 73104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SANDRIDGE ENERGY INC [ SD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

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
Common Stock	09/01/2025		M		1,000	A	$0.00	15,251	D
Common Stock	09/01/2025		F		244	D	$11.84	15,007	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)	09/01/2025		M			1,000	(2)	(2)	Common Stock	1,000	$0.00	2,000	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock.

2. Restricted units granted to the reporting person will vest over four years in four increments: (i) 25% on the timely filing of the company's annual report on Form 10-K for the year ended December 31, 2024, (ii) 25% on September 1, 2025, and (iii) 25% on September 1 for each one-year anniversary thereafter.

Remarks:

	/s/ Gaye Wilkerson, Power of Attorney for Brandon Louis Brown, Sr.	09/02/2025
	** 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 transactions did SandRidge Energy insider Brandon Brown (SD) report?

The Form 4 reports an acquisition of 1,000 common shares (grant), disposition of 244 shares at $11.84, and receipt of 1,000 restricted stock units convertible to shares.

How many shares does Brandon Brown beneficially own after these transactions?

Following the reported transactions, the filing shows 15,251 shares beneficially owned by the reporting person.

What are the vesting terms for the restricted stock units?

RSUs vest over four years: 25% on a timely annual report filing, 25% on 09/01/2025, and 25% on each subsequent September 1 for the next two years.

Was this Form 4 filed jointly or by one reporting person?

The filing indicates it was submitted by one reporting person and signed via power of attorney.

What price were the disposed shares sold at?

The disposed shares were reported sold at a price of $11.84 per share.