MITCHELL THOMAS L 4

What Happened Thomas L. Mitchell, a director of Ring Energy, Inc. (REI), received a grant of 119,048 restricted stock units (RSUs) on February 17, 2026. The award was recorded at $0.00 per unit (no cash exchanged); each RSU represents the contingent right to one share of common stock upon vesting. The Form 4 was filed on February 19, 2026.

Key Details

• Transaction type: Award/Grant (code A)
• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19
• Shares/units granted: 119,048 RSUs; price reported: $0.00 (no cash paid)
• Vesting: RSUs vest on February 17, 2027 (see footnote F1)
• Shares owned after transaction: Not specified in the filing
• Filing timeliness: Filed within two days of the transaction (not marked late)
• Footnote: F1 — each RSU is the contingent right to receive one share upon vesting under the RSU agreement

Context This was a compensation-related equity award, not an open-market purchase or sale. RSUs typically convert to actual shares only if vesting conditions are met (here, one-year vesting), so they do not represent immediate share ownership or liquidity. Awards to directors are common and reflect compensation rather than an immediate insider purchase signal.