Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 112

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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29,997,391 $26,382,517 

NOTE 10 — STOCKHOLDERS' EQUITYAs of December 31, 2024, the Company had 78,200 exercisable common warrants outstanding, with a contractual exercise price of $0.80 per warrant, expiring five years from initial issuance in October 2020. During the nine months ended September 30, 2025 and 2024, no common warrants were exercised. The following table reflects the common warrants exercised, including the proceeds received for such exercises. As of September 30, 2025, there remained 78,200 exercisable common warrants.Common WarrantsExercise PriceProceeds ReceivedExercisable, December 31, 202378,200$0.80 Exercised—— $— Exercisable, March 31, 202478,200$0.80 Exercised —— $— Exercisable, June 30, 202478,200$0.80 Exercised—— $— Exercisable, September 30, 202478,200$0.80 Exercisable, December 31, 202478,200$0.80 Exercised—— $— Exercisable, March 31, 202578,200$0.80 Exercised—— $— Exercisable, June 30, 202578,200$0.80 Exercised—— $— Exercisable, September 30, 202578,200$0.80 

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NOTE 11 — EMPLOYEE STOCK OPTIONS AND RESTRICTED STOCK UNITSShare-based compensation expense charged against income for share-based awards during the three and nine months ended September 30, 2025 and 2024 was as follows. These amounts are included in General and administrative expense in the Condensed Statements of Operations.Three Months EndedNine Months EndedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Share-based compensation expense from:Employee stock options$— $— $— $— Restricted stock unit grants1,097,438 644,567 3,367,412 2,772,645 Performance stock unit awards (1)521,162 (612,480)1,293,985 1,061,052