Cougle Melissa 4

What Happened
Melissa Cougle, CFO of Ranger Energy Services (RNGR), had restricted stock units (RSUs) settled on 2026-03-13 that resulted in the acquisition of 5,307 shares. To cover tax withholding on the vesting, 7,484 shares were withheld/disposed at $16.70 per share, producing proceeds of $124,983. The filing also records a derivative conversion entry of 5,307 shares at $0 (administrative accounting for the RSU settlement).

Key Details

• Transaction date: 2026-03-13; Form 4 filed 2026-03-17 (filing appears timely).
• Acquired: 5,307 shares via exercise/conversion of derivative (RSU settlement).
• Disposed/withheld for taxes: 7,484 shares at $16.70 each = $124,983 (code F: tax withholding).
• A separate line lists 5,307 shares disposed at $0 (derivative conversion accounting entry).
• Footnotes: F1 — Each RSU represents the right to receive one share; F2 — the withheld shares cover taxes related to RS/RSU vestings from 2023–2025.
• Shares owned after the transactions are not specified in the provided excerpt.

Context
This was a routine RSU vesting and tax-withholding event, not an open‑market buy or sell signaling new investment or divestment intent. When RSUs vest, companies commonly satisfy tax obligations by withholding or selling a portion of the shares; that appears to be what occurred here. The $0 derivative line is an administrative record of the conversion/settlement and does not represent a cash sale.