Parrish Dean 4

What Happened

• Parrish Dean, Chief Operating Officer of SandRidge Energy (SD), converted/exercised 1,567 restricted stock units (RSUs) into common shares on 2026-04-05. To cover tax withholding, 453 of those shares were surrendered at $15.45 per share for a total tax withholding of $6,999, resulting in a net issuance of 1,114 shares to Dean.
• This transaction represents vesting/conversion of compensation-related RSUs rather than an open-market purchase or opportunistic sale.

Key Details

• Transaction dates: 2026-04-05; Form filed 2026-04-07 (timely).
• Conversion: 1,567 RSUs converted (code M); 453 shares withheld to satisfy tax liability (code F) at $15.45 each (total $6,999).
• Net shares received: 1,114 (1,567 converted minus 453 withheld).
• Shares owned after transaction: not specified in the provided summary.
• Footnotes: F1 — each restricted stock unit equals a contingent right to one share; F2 — RSUs vest in one-third increments on each of the first, second and third anniversaries of the grant date.
• Filing does not indicate a 10b5-1 plan or a gift; this was a routine compensation-related conversion and tax withholding.

Context

• The withholding of shares to pay taxes is a common net-settlement method for RSU vesting (not a market sale of remaining shares). Such compensation-driven conversions are routine and generally reflect standard equity compensation mechanics rather than a direct bullish or bearish insider signal.