SandRidge (SD) COO Parrish Dean Exercises RSUs; 289 Shares Withheld

What Happened

• Parrish Dean, Chief Operating Officer of SandRidge Energy (SD), had restricted stock units converted/exercised on Sept 1, 2026. The Form 4 reports: an exercise/conversion of a derivative resulting in 1,000 shares acquired at $0.00, a separate exercise/conversion/derivative entry for 1,000 shares shown as disposed at $0.00, and a tax-withholding disposition of 289 shares at $14.37 per share (total withheld ~$4,153).
• These entries reflect settlement/vesting of equity awards (restricted stock units), not an open-market buy or sale of stock by the officer. The tax-withholding (code F) is routine — shares surrendered to cover withholding obligations.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (no late filing noted in provided data).
• Reported transactions: M = exercise/conversion of derivatives (1,000 shares acquired @ $0.00; a separate M line shows 1,000 shares disposed @ $0.00); F = tax withholding 289 shares disposed @ $14.37 each (total ~$4,153).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes: F1 — each restricted stock unit equals a contingent right to one share; F2 — RSUs vest over four years (25% on timely 2024 Form 10-K filing, 25% on 9/1/2025, and 25% on Sept 1 each year thereafter), explaining the Sept 1 vesting activity.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld to satisfy tax withholding.

Context

• This appears to be a routine equity award vesting/settlement and related tax withholding, not a directional buy or sale of shares intended as a market signal. When RSUs vest, companies commonly withhold shares to pay required taxes; such withholdings do not necessarily reflect the insider’s view on the company’s stock.