Bayou Well Holdings Company, LLC - Oct 1, 2021 Form 4 Insider Report for Ranger Energy Services, Inc. (RNGR)

Role: 10%+ Owner
Signature: /s/ Brett T. Agee, President & CEO
Stock symbol: RNGR
Transactions as of: Oct 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/4/2024, 05:05 PM
Previous filing: Nov 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RNGR	Class A Common Stock	Conversion of derivative security	$0	+450K		$0.00	450K	Oct 1, 2021	Direct	F1
transaction	RNGR	Class B Common Stock	Conversion of derivative security	$0	-450K	-100%	$0.00	0	Oct 1, 2021	Direct	F1
holding	RNGR	Class A Common Stock						2.16M	Oct 1, 2021	By LLC	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RNGR	Units of RNGR Energy Services, LLC	Conversion of derivative security	$0	-450K	-100%	$0.00	0	Oct 1, 2021	Class A Common Stock	450K	$0.00	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the terms of the TRA Termination Agreement (as defined in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2021) and the Amended and Restated Limited Liability Company Agreement of RNGR Energy Services, LLC ("Ranger LLC" and the "Ranger LLC Agreement"), units issued by Ranger LLC ("Ranger Units"), together with an equal number of shares of Class B Common Stock of the Issuer ("Class B Common Stock") which were cancelled for no consideration, were exchanged, on a one-for-one basis, for shares of Class A Common Stock.
F2	Reflects reporting person's proportionate interest in shares owned directly by Ranger Energy Holdings, LLC, in which the reporting person has a membership interest. The reporting person disclaims beneficial ownership of such shares except to the extent of its pecuniary interests therein.
F3	Subject to the terms of the Ranger LLC Agreement, Ranger Units are exchangeable from time to time (upon surrender for no consideration of an equal number of shares of the Class B Common Stock) for shares of Class A Common Stock. Each of Ranger LLC and the Issuer has the option to deliver cash in lieu of shares of Class A Common Stock upon the exercise of such exchange rights, subject to certain reclassification and retraction rights, as applicable. Shares of Class B Common Stock do not represent any economic interest in the Issuer, but each share of Class B Common Stock entitles its holder to one vote on all matters to be voted on by stockholders generally.