Parrish Dean 4

What happened

• Parrish Dean, COO of SandRidge Energy (SD), had 1,891 restricted stock units (RSUs) convert into 1,891 shares on 2026-05-17 (reported on Form 4 filed 2026-05-19). To satisfy tax withholding, 546 of those shares were disposed/withheld at $15.27 per share for a total tax withholding of $8,337.
• Transaction codes: M = exercise/conversion of derivative (conversion of RSUs to common stock); F = shares withheld/used to pay taxes. This was primarily a vesting/conversion event, with a routine tax-related disposition rather than an open-market sale.

Key details

• Transaction date: 2026-05-17; Form 4 filed: 2026-05-19 (filed within the typical 2-business-day window).
• Conversion: 1,891 RSUs → 1,891 common shares (reported as M). Tax withholding: 546 shares disposed at $15.27/share = $8,337 (reported as F).
• Shares owned after transaction: not reported in the supplied filing details.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs vest in one-third increments on each of the first three anniversaries of the grant date.
• This was not an open-market sale of vested shares beyond tax withholding; the only disposition was the company withholding 546 shares to cover taxes.

Context

• This appears to be a routine RSU vesting/conversion with tax withholding (a form of "cashless" settlement for tax liabilities). Such withholding is common and generally does not by itself signal a change in insider sentiment.
• For clarity: "exercise/conversion" here refers to RSUs converting into common shares per grant/vesting terms, not the exercise of stock options for cash.