Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 39

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 39
---
.70 2.06 years$— Exercisable, June 30, 202465,500$10.70 2.06 yearsGranted—— Forfeited—— Expired—— Exercised—— Outstanding, September 30, 202465,500$10.70 1.81 years$— Exercisable, September 30, 202465,500$10.70 1.81 yearsOutstanding, December 31, 202465,500$10.70 Granted—— Forfeited—— Expired—— Exercised—— Outstanding, March 31, 202565,500$10.70 1.31 years$— Exercisable, March 31, 202565,500$10.70 1.31 yearsGranted—— Forfeited—— Expired——Exercised—— Outstanding, June 30, 202565,500$10.70 1.06 years$— Exercisable, June 30, 202565,500$10.70 1.06 yearsGranted—$— Forfeited—$— Expired(10,000)$14.54 Exercised—$— Outstanding, September 30, 202555,500$10.01 0.95 years$— Exercisable, September 30, 202555,500$10.01 0.95 years

32

The intrinsic values were calculated using the closing price on September 30, 2025 of $1.09 and the closing price on September 30, 2024 of $1.60. As of September 30, 2025, the Company had $0 of unrecognized compensation cost related to stock options.Restricted Stock UnitsA summary of the restricted stock units ("RSU") outstanding as of September 30, 2025 and 2024, respectively, and changes during the respective nine month periods then ended are as follows:Restricted Stock UnitsWeighted-Average GrantDate Fair ValueOutstanding, December 31, 20233,148,226 $2.40 Granted2,647,970 1.30 Forfeited or rescinded(26,802)1.30 Vested(1,342,112)2.35 Outstanding, March 31, 20244,427,282 $1.77 Granted