Tharp Carla Todd 4

What Happened

• Carla Todd Tharp, a director of Ring Energy, Inc. (REI), received a grant of 119,048 restricted stock units (RSUs) on February 17, 2026. The grant price reported is $0.00, so no cash was exchanged; total reported value at grant is $0 on the Form 4.
• Each RSU represents the contingent right to receive one share of Ring Energy common stock when the award vests. The award vests on February 17, 2027, per the restricted stock unit agreement.

Key Details

• Transaction date: 2026-02-17; Transaction code: A (award/grant/acquisition).
• Price: $0.00 per RSU; Reported total value: $0.
• Vesting: RSUs vest on February 17, 2027 (see footnote F1).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Form filed with accession date 2026-02-19 (appears timely based on the report period).

Context

• This was a compensation award (RSUs), not a market purchase or sale. RSUs are typically compensation for service and are contingent until vesting; they do not represent immediately transferable shares until vested and settled.
• Such awards are routine for directors and executives and do not, by themselves, indicate a buy/sell signal.