Dyes Alexander 4

What Happened

• Dyes Alexander, EVP & Chief Operations Officer of Ring Energy (REI), had a total of 59,044 shares withheld by the company to satisfy tax withholding obligations tied to the settlement of restricted stock units. The withholdings were recorded as disposals on Feb 12, Feb 13 and Feb 16, 2026, with reported amounts of $32,504, $23,840 and $17,029 respectively (total ≈ $73,373).

Key Details

• Transaction dates and per-share prices:
  • 2026-02-12: 26,863 shares withheld @ $1.21 = $32,504
  • 2026-02-13: 18,772 shares withheld @ $1.27 = $23,840
  • 2026-02-16: 13,409 shares withheld @ $1.27 = $17,029
• Total shares withheld: 59,044; total value reported: ≈ $73,373.
• Footnote: These shares were withheld by the registrant to cover tax withholding obligations arising from settlement of a restricted stock unit award under the company’s long-term incentive plan (code F / footnote F1).
• Shares owned after the transactions: Not specified in the provided filing details.
• Timeliness: The Form 4 is dated Feb 20, 2026 for transactions occurring Feb 12–16; this appears outside the typical 2-business-day filing window and may be a late filing.

Context

• This was not an open-market sale. The company withheld shares to cover taxes on RSU settlement (a routine administrative action), which is different from an insider selling shares for cash. Such withholdings are common and do not necessarily indicate a change in the insider’s view of the company.