STRONGHOLD ENERGY II INTERMEDIATE, LLC 4
4 · RING ENERGY, INC. · Filed Mar 6, 2024
Insider Transaction Report
Form 4
STRONGHOLD ENERGY II OPERATING, LLC
10% Owner
Transactions
- Other
Common Stock
2024-03-04−46,120,643→ 0 total(indirect: See Footnote)
Footnotes (2)
- [F1]The reported securities were distributed for no consideration by Stronghold Energy II Operating LLC ("Stronghold OpCo") to its members, entities affiliated with Warburg Pincus & Company US, LLC ("Warburg Pincus"), for which the receipt of such securities is exempt from Section 16 pursuant to Rule 16a-9.
- [F2]Stronghold Energy II Intermediate, LLC ("Stronghold Intermediate") is the managing member of Stronghold OpCo, and Stronghold Energy II Holdings, LLC ("Stronghold Holdings" and, collectively with Stronghold OpCo and Stronghold Intermediate, the "Stronghold Entities") is the managing member of Stronghold Intermediate. In connection with the closing of the Purchase Agreement, Stronghold OpCo or, if applicable, its permitted transferees received the right to designate two directors to serve on the Issuer's Board, subject to certain approval rights of the Issuer. One of the designated directors, Roy Ben-Dor, is a managing director of Warburg Pincus.