Brown Brandon Louis Sr. 4

What Happened

• Brandon Louis Brown Sr., Senior Vice President and Chief Accounting Officer of SandRidge Energy (SD), had performance/stock units vest or convert on March 12, 2026 resulting in 6,393 shares issued to him (2,557 shares from conversion/exercise of derivative units and 3,836 shares as awards/settlement).
• To cover tax liabilities, a total of 1,897 shares were withheld/disposed (two withholding transactions of 759 and 1,138 shares) at $16.75 per share, totaling $31,775. The filing also reports a derivative conversion/disposition of 2,557 shares reported at $0 (reflecting the conversion/settlement mechanics rather than a cash sale).
• These transactions are award vesting/settlement and tax-withholding events (routine administrative actions) rather than open-market purchases or investment sales.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (no late-filing flag noted in the filing).
• Prices: tax-withheld shares reported at $16.75 each (759 shares = $12,713; 1,138 shares = $19,062; total withheld value $31,775).
• Shares issued: 6,393 total (2,557 from derivative conversion/exercise + 3,836 grant/award settlement).
• Shares withheld/disposed for taxes: 1,897 shares.
• Footnotes: F1 clarifies restricted stock units convert one-for-one to common shares; F2 states these were performance share units granted March 12, 2025 and settled upon vesting; F3 notes RSUs vest in one-third increments annually.
• Shares owned after the transaction: Not disclosed in the filing.

Context

• The M (exercise/conversion) code indicates conversion of derivative awards (performance/share units) into common stock; the reported $0 disposition for the derivative reflects the cancellation/conversion of the derivative instrument, not a market sale.
• The F codes are tax withholding—common practice where shares are withheld or surrendered to satisfy tax obligations; this is administrative and not necessarily a signal of investment intent.
• No 10% owner or 10b5-1 plan was indicated in the provided notes.