Pranin Grayson R 4

What Happened
Grayson R. Pranin, President, CEO and Director of SandRidge Energy (SD), had equity awards vest/convert on March 12, 2026. The filing shows 5,277 shares from an exercise/conversion and 7,915 shares granted/awarded — a total of 13,192 shares credited. To satisfy tax withholding, 1,803 shares (worth $30,200) and 2,278 shares (worth $38,157) were surrendered (4,081 shares total, ~$68,357). The filing also reports a 5,277-share derivative entry at $0, which appears to be a technical reporting item related to the conversion/settlement.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (filed after the two-business-day deadline).
• Shares credited: 13,192 (5,277 from exercise/conversion + 7,915 granted/awarded).
• Shares withheld for taxes: 4,081 shares total (1,803 @ $16.75 = $30,200; 2,278 @ $16.75 = $38,157; combined ≈ $68,357).
• Reported derivative entry: 5,277 shares shown at $0 (technical reporting related to exercise/conversion).
• Footnotes: RSUs represent a contingent right to receive one share (F1); the settlement includes Performance Share Units granted 3/12/2025 under the 2016 Omnibus Incentive Plan (F2); RSUs vest in one-third increments on each of the first three anniversaries (F3).
• Shares owned after the transactions: not specified in this filing.

Context

• This was primarily an award/vesting and exercise event, not an open-market purchase or sale by the insider. The surrender of shares to cover tax obligations is a common, routine withholding action (a form of cashless settlement), not necessarily a market-sale signal.
• For retail investors, award/vesting events show management receiving equity but do not by themselves indicate a buy/sell intent in the market. The late filing may be noteworthy for compliance tracking.