Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 87

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 87
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 Shares to cover tax withholdings for restricted stock vested(168,523)(169)169 — — Payments to cover tax withholdings for restricted stock vested, net—— (521,199)— (521,199)Common stock issuance for Stronghold Acquisition21,339,98621,340 69,120,215 — 69,141,555 Conversion of mezzanine preferred shares for Stronghold Acquisition42,548,89242,549 137,815,897 — 137,858,446 Share-based compensation—— 7,162,231 — 7,162,231 Net income—— — 138,635,025 138,635,025 Balance, December 31, 2022175,530,212$175,530 $775,241,114 $(114,313,253)$661,103,391 Exercise of common warrants issued in offering4,517,427$4,517 $3,609,424 $— $3,613,941 Induced exercise of common warrants issued in offering14,512,16614,512 8,673,143 — 8,687,655 Restricted stock vested1,680,2321,680 (1,680)— — Shares to cover tax withholdings for restricted stock vested(288,152)(287)287 — — Payments to cover tax withholdings for restricted stock vested, net— — (520,153)— (520,153)Performance stock vested1,170,0241,170 (1,170)— — Shares to cover tax withholdings for performance stock vested(284,908)(285)285 — — Share-based compensation—— 8,833,425 — 8,833,425 Net income—— — 104,864,641 104,864,641 Balance, December 31, 2023196,837,001$196,837 $795,834,675 $(9,448,612)$786,582,900 Restricted stock vested1,688,317 1,688 (1,688)— — Shares to cover tax withholdings for restricted stock vested(327,041)(327)327 — — Payments to cover tax withholdings for restricted stock vested, net— (919,249)— (919,249