Ranger Energy Director Michael Kearney Exercises 10,712 Shares

What Happened

• Michael C. Kearney, a director of Ranger Energy Services, exercised/converted derivative securities resulting in the acquisition of 10,712 shares, recorded at $15.69 per share for a total value of $168,071. The Form 4 also shows a disposition of 3,214 shares to the issuer at $15.69 per share (total $50,428). A related derivative conversion of 10,712 units is reported separately.

Key Details

• Transaction date: 2026-07-24 (Form filed 2026-07-24)
• Acquired: 10,712 shares @ $15.69 — $168,071 total
• Disposed to issuer: 3,214 shares @ $15.69 — $50,428 total
• Additional derivative line: 10,712 shares reported as converted/disposed with N/A price (see footnote)
• Footnote (F1): Each restricted stock unit (RSU) represents a right to receive one share of Class A Common Stock without payment.
• Shares owned after the transactions: Not disclosed in this Form 4
• Filing timeliness: Reported on the same date as the transactions (appears timely)

Context

• The filing uses code M (“exercise or conversion of derivative security”) — this indicates options or RSUs were exercised/converted into shares. The separate disposition of 3,214 shares to the issuer commonly reflects shares surrendered to cover taxes or exercise costs (cashless/share-withholding), though the Form 4 itself does not state the purpose.
• These actions are administrative insider transactions (exercise/conversion + share surrender) rather than an open-market buy or sell that directly signals buying/selling sentiment.