McKinney Paul D. 4

What Happened

• Paul D. McKinney, CEO, Chairman of the Board and a director of RING ENERGY, disposed of 199,076 shares across three withholding transactions tied to an RSU settlement. The shares were withheld by the company to satisfy tax-withholding obligations rather than sold in the open market.
• Transactions: 90,360 shares @ $1.21 = $109,336 (2026-02-12); 54,358 shares @ $1.27 = $69,035 (2026-02-13); 54,358 shares @ $1.27 = $69,035 (2026-02-16). Total disposed: 199,076 shares for aggregate value of $247,406.

Key Details

• Transaction dates and prices: 2026-02-12 (90,360 @ $1.21), 2026-02-13 (54,358 @ $1.27), 2026-02-16 (54,358 @ $1.27).
• Transaction code: F (tax withholding). Footnote: shares were withheld by the registrant to cover tax withholding obligations from settlement of a restricted stock unit (RSU) award under the company’s long-term incentive plan.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing: Form 4 filed 2026-02-20 for transactions occurring 2026-02-12/13/16 — this filing date is after the reported transaction dates and may be later than the standard two-business-day Form 4 deadline.

Context

• These were company-withheld shares to cover tax obligations on RSU settlement (a routine, non-open-market disposition). Such withholding is administrative and does not necessarily signal insider sentiment about the stock.
• This is not an options exercise sale to raise cash on the open market; it’s a tax-related withholding of shares from an award settlement.