CRUM JOHN A 4

What Happened

• John A. Crum, a director of Ring Energy, Inc. (REI), was granted 119,048 restricted stock units (RSUs) on February 17, 2026. The Form 4 reports an acquisition (code A) at $0.00 per unit — this reflects a grant of RSUs rather than a cash purchase. Each RSU represents the contingent right to receive one share of common stock upon vesting.

Key Details

• Transaction date: 2026-02-17 (Form 4 filed 2026-02-19).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 119,048 RSUs; price reported: $0.00 (no cash paid at grant).
• Vesting: RSUs vest on February 17, 2027 (per footnote F1); each unit converts to one share upon vesting subject to the RSU agreement.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing date (Feb 19, 2026) appears to be within the usual 2-business-day Form 4 reporting window.

Context

• RSUs are a form of equity compensation and are not actual shares until they vest; they may be forfeited if vesting conditions are not met. The grant itself is routine compensation and does not by itself indicate buying or selling sentiment. The ultimate economic value will depend on Ring Energy’s stock price at vesting.