FRATES JONATHAN 4

What Happened
Jonathan Frates, Chief Financial Officer of SandRidge Energy, was granted 8,742 restricted stock units (RSUs) on 2026-03-09. The Form 4 reports the award as a derivative grant with an acquisition price of $0.00 (i.e., an RSU award, not a cash purchase or sale).

Key Details

• Transaction date: 2026-03-09; filing date: 2026-03-11 (timely — within the two-business-day Form 4 window).
• Instrument: 8,742 restricted stock units (derivative award) reported at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each RSU represents 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.
• No sale or purchase occurred — this is a compensation award.

Context
RSU grants are common executive compensation and do not by themselves indicate a purchase-based bullish signal. These RSUs convert to shares only upon vesting (per the one-third-per-year schedule above). As reported, the grant value is shown as $0 on the Form 4 (typical for RSU entries); market value would depend on SandRidge’s share price at vesting.