Parrish Dean 4

What Happened

• Parrish Dean, Chief Operating Officer of SandRidge Energy (SD), had equity awards vest and converted/settled derivative awards on March 12, 2026. The filing shows conversion/exercise activity of 3,197 derivative shares (code M) and a grant/settlement of 4,795 shares (code A), for a total of 7,992 shares acquired. To cover tax liabilities, 2,650 shares were surrendered (codes F) at $16.75 per share, totaling $44,388 (1,092 shares → $18,291; 1,558 shares → $26,097). Net shares delivered to Dean from these transactions equal 5,342 shares (7,992 acquired − 2,650 withheld).

Key Details

• Transaction date(s): March 12, 2026; Form 4 filed March 16, 2026 (timely — within the required two business days).
• Transactions reported: conversion/exercise of derivatives (M), grant/award/acquisition (A), and share-withholdings to cover taxes (F).
• Share counts and prices:
  • 3,197 shares — exercise/conversion of derivative (no cash price reported).
  • 4,795 shares — grant/award (vesting/settlement).
  • 1,092 shares withheld at $16.75/share = $18,291.
  • 1,558 shares withheld at $16.75/share = $26,097.
  • Total withheld = 2,650 shares = $44,388.
• Net shares retained by insider from these events: 5,342 shares (calculated from reported acquisitions and withholdings).
• Footnotes of note:
  • F1: Each restricted stock unit (RSU) equals one share.
  • F2: The activity represents vesting/settlement of Performance Share Units granted March 12, 2025 under the issuer’s 2016 Omnibus Incentive Plan.
  • F3: The RSUs vest in one‑third increments on each of the first three anniversaries of the grant date.
• Shares owned after the transactions: not disclosed in this filing.

Context

• This filing reflects awards vesting/settlement and conversion of performance/share-based derivatives into common stock rather than an open-market buy or sale. The withholding entries (F) are routine tax-withholding by surrendering shares and do not necessarily signal a personal decision to sell shares for investment reasons.
• Code M indicates exercise or conversion of a derivative (here, performance/share units converted to common stock). The presence of both grant/award (A) and withholding (F) suggests a standard settlement and tax-withholding process rather than a market sale.