REI RING ENERGY, INC. Insider Trading

CEO Paul McKinney bought 50,000 shares at $1.19; stock down 44.0% from 52-week high, company unprofitable.

Paul D. McKinney, CEO and Chairman, purchased 50,000 shares of REI at $1.19 on 2026-06-15, bringing his holdings to 4,158,463 shares. The stock currently trades at $1.12, down 44.0% from its 52-week high and 17.6% lower over the past 30 days. Ring Energy reported negative net income of $-220,591,482.00 for its most recent fiscal year and annual revenue declined 16.2% year-over-year, indicating fundamental operational stress. McKinney's prior trades at REI show mixed outcomes—two of four prior buys produced positive 90-day returns, while two resulted in significant declines, with the most recent two buys in August 2025 posting 90-day gains of +18.0% and +17.6%. This transaction occurs after substantial recent price deterioration and amid unprofitable operations, warranting scrutiny into whether the purchase reflects conviction in a potential turnaround or a routine position maintenance by the major shareholder.

CFO Sundip Singh Johl bought 231.0K shares of REI at $1.21 (Jun 2026), raising stake 72.8% amid -16.2% revenue decline and -$220.6M net loss.

Sundip Singh Johl, EVP and Chief Financial Officer, purchased 231,000 shares at $1.21 on 2026-06-15 for $278,840.10, increasing his holdings by 72.8% to 548,460 shares total. This is a material open-market acquisition by a senior financial officer during a period of significant operational stress: the company reported annual revenue decline of -16.2% and a full-year net loss of -$220.6M, with the latest quarter showing revenue of $73.7M against a negative net income result. The stock currently trades at $1.12, down -44.0% from its 52-week high of $2.00 and down -26.3% over the past 90 days. The timing and scale of this purchase by the CFO warrant examination of whether it reflects management's internal assessment of valuation relative to forward cash generation or operational recovery prospects, balanced against the documented deterioration in financial performance.

COO Dyes Alexander buys 29,069 shares of REI at $0.86; stock +22.3% in 30 days, now at $0.92, -52.3% from 52-week high.

Dyes Alexander, EVP Chief Operations Officer, purchased 29,069 shares at $0.86, bringing total holdings to 907,156 shares. The purchase follows a single prior open-market buy at this ticker on 2025-05-20, which returned +8.9% over 30 days. Ring Energy's recent fundamentals show net income of $20,634,887.00 and a trailing P/E of 2.71, suggesting modest valuation metrics. The stock has recovered +22.3% over the past 30 days but remains down 52.3% from its 52-week high of $1.93, placing the transaction in a period of partial recovery from significant losses. This is the insider's second open-market purchase at REI; the prior buy's positive 30-day return provides a narrow historical signal, though no 90-day data is yet available to assess broader timing patterns at this ticker.

CEO McKinney purchases 50,000 shares at $0.81 avg; 0% win rate on prior 2 REI buys over 90 days

McKinney Paul D. (CEO and Chairman of the Board) executed 2 separate purchases totaling 50,000 shares for $40,745.00 on 2025-08-11 and 2025-08-12, increasing holdings from 2,966,054 to 3,016,054 shares. The current stock price of $0.81 matches the blended average transaction price exactly, placing the stock -58.0% from its 52-week high of $1.93. His prior 2 trades at REI both posted negative 90-day returns (-28.2% in March 2025, -20.7% in November 2023), yielding a 0% win rate over the 90-day measurement window. Coupled with his cross-ticker track record showing an average 90-day return of -24.5% with a 0.00% win rate across all open-market history, this purchase pattern lacks evidence of reliable timing accuracy or predictive edge.

Warburg Pincus & Co US, LLC sells 2,486,027 shares of REI at $0.92 on 2025-06-13; stock now -58.8% from 52-week high after 5 consecutive daily sales

Warburg Pincus & Co US, LLC, a 10% owner of Ring Energy, executed a sale of 2,486,027 shares at $0.92 per share on 2025-06-13, reducing holdings from 23.00M to 20.51M shares (a -10.8% reduction). This transaction is part of an aggressive five-trade liquidation pattern at REI spanning 2025-06-03 through 2025-06-13, suggesting a systematic reduction of position rather than a single discretionary decision. The stock has fallen -58.8% from its 52-week high of $1.99, trading currently at $0.82—well below the sale price—and is down -33.3% over the 90-day window. While the insider's cross-ticker sell track record shows a 100% well-timed rate (average 90-day return -24.0% after sells, consistent with stock declines following exits), no same-ticker REI sales are yet measurable at the 90-day mark, so prior timing success does not establish whether this REI exit reflects forward-looking conviction or portfolio management. The company maintains positive fundamentals (P/E of 2.41, net income of $9,110,738.00, annual revenue growth +1.5%), but the sustained selling pressure from a major insider during a sharp price decline warrants attention to whether additional material information may be disclosed.

Warburg Pincus (10% owner) sells 2,486,027 shares of REI at $0.92 on 2025-06-13; stock down 58.8% from 52-week high.

Warburg Pincus sold 2,486,027 shares (10.8% of pre-transaction holdings) at $0.92 on 2025-06-13, reducing its stake from 23.00M to 20.51M shares. This follows a pattern of five consecutive daily sells at REI from 2025-06-03 through 2025-06-13, suggesting a systematic reduction in exposure rather than a single discretionary transaction. The company's valuation metrics remain modest (P/E 2.41, market cap $169.4M) despite recent revenue growth of 1.5% and positive net income of $9.1M. The stock has fallen -58.8% from its 52-week high of $1.99 and currently trades at $0.82, down 33.3% over the past 90 days. While Warburg's cross-ticker sell history shows a 100% well-timed rate over the prior 90-day mark with an average 90-day return of -24.0%, the sequential nature of these five REI sales and their recent timing (all within the last 11 days) warrant tracking for signals of insider perspective on near-term fundamentals.

Warburg Pincus (10% owner) sells 1,385,728 shares at $0.81 blended price; stock down -8.5% (30d), -28.2% (90d).

Warburg Pincus & Co US, LLC conducted three separate sales totaling 1,385,728 shares for $1,124,719.76 over three days (June 10–12, 2025), reducing its holdings from 24,381,055 to 22,995,327 shares—a 5.7% reduction. The sales occurred at a blended average price of $0.81, while the stock currently trades at $0.84, only 2.3% above the average sale price, even as REI is -8.5% over 30 days and -28.2% over 90 days. Warburg's cross-ticker track record shows a 100.00% well-timed sell rate (avg 90d return -24.0%), but at REI specifically, timing outcomes are not yet measurable for the current sales, and prior same-ticker sales show no established pattern of well-timed execution. The company's fundamentals show modest growth (revenue +1.5% annually) and a valuation of P/E 2.47 with market cap $173.5M, suggesting limited multiple expansion. The sale scale and timing warrant monitoring, but insufficient measurable outcome data at this ticker prevents attribution of a clear conviction signal.

Warburg Pincus sells 1,385,728 shares (5.7% of holdings) at avg $0.81; stock -57.8% from 52-week high.

Warburg Pincus (E&P) XII LLC, a 10% shareholder, executed three separate sales totaling 1,385,728 shares for $1,124,719.76 over three consecutive trading days (June 10–12, 2025), reducing holdings by 5.7% from 24.38M to 23.00M shares at a blended average price of $0.81. The timing is notable: REI is down 8.5% over the prior 30 days and down 28.2% over 90 days, trading at $0.84 current price—57.8% below its 52-week high of $1.99. Across all tickers, this insider's prior 10 open-market sells averaged a 90-day return of -24.0% (well-timed at 100.0% rate), but same-ticker history at REI shows mixed outcomes: five prior sells in May–June with the measurable one (May 13) declining 7.4% by the 30-day mark, while the others remain outcome-pending. The fundamental backdrop shows modest valuation (P/E 2.47, market cap $173.5M) and low growth (+1.5% annual revenue), raising the question whether the seller views further downside or is simply adjusting a concentrated position in a volatile energy play.

Warburg Pincus (E&P) XII LLC sells 1,337,799 shares at blended $0.77; stock down 61.8% from 52-week high.

Warburg Pincus (E&P) XII LLC, a 10% owner, executed 3 separate sales totaling 1,337,799 shares for $1,032,364.20 over three days (June 2–4, 2025) at prices ranging from $0.76 to $0.79, reducing holdings by 5.1% to 24,880,605 shares post-transaction. The stock is trading at $0.76 current price, down 61.8% from its 52-week high of $1.99 and off 12.9% over the past 30 days. At the same ticker, Warburg Pincus has executed 5 prior trades, with 2 measurable outcomes showing a 100% well-timed rate at the 90-day mark (sales preceded further declines). The broader cross-ticker track record similarly shows a 90d well-timed rate of 100.00% across 7 prior sells. However, the three most recent trades at REI (May 12–14) do not yet have measurable outcomes, creating a cluster of recent exits from this position during a period of sustained price pressure. The company's fundamentals show positive net income of $9,110,738.00 on revenue of $79,091,207.00 with a low P/E of 2.24, suggesting the stock sell-off is not entirely explained by deteriorating operational metrics.

Warburg Pincus sells 1,337,799 shares (1.34M) of Ring Energy at $0.77 avg over 3 days; stock down 61.8% from 52-week high.

Warburg Pincus & Co US, LLC, a 10% owner, executed 3 separate sales totaling 1,337,799 shares for $1,032,364.20, reducing holdings from 26,218,404 to 24,880,605 shares (-5.1%). The sales occurred on 2025-06-02 through 2025-06-04 at prices ranging from $0.76 to $0.79, with a blended average of $0.77. Ring Energy trades 61.8% below its 52-week high and has declined 32.1% over the past 90 days, while the company maintains a low P/E of 2.24 with $79.1M quarterly revenue and positive $9.1M net income. Across Warburg Pincus's cross-ticker open-market history, prior sells achieved a 100% well-timed rate at the 90-day mark with an average -24.0% post-sale return, though at Ring Energy specifically, measurable outcomes from recent prior transactions (2025-02-24 and 2025-10-24) showed -35.8% and -11.7% 90-day returns respectively. The three-day concentrated selling window into a depressed stock warrants monitoring for signals regarding the seller's view of near-term valuation.