Company: REI
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001628280-25-010585
Chunk: 129

Company: RING ENERGY, INC.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 129
---
,500$10.33 265,500$4.21 365,500$3.61 Granted—— —— —— Forfeited—— —— —— Expired(5,000)5.50 (195,000)2.00 —— Exercised—— —— (100,000)2.00 Outstanding at end of year65,500$10.70 70,500$10.33 265,500$4.21 Exercisable at end of year65,500$10.70 70,500$10.33 265,500$4.21 As of December 31, 2024, the Company had $0 of unrecognized compensation cost related to stock options. The aggregate intrinsic value of options vested and expected to vest as of December 31, 2024 was $0. The aggregate intrinsic value of options exercisable at December 31, 2024 was  $0. The year-end intrinsic values are based on a December 31, 2024 closing stock price of $1.36.No stock options were exercised during 2024 or 2023. Stock options exercised of 100,000 shares in  2022 had an aggregate intrinsic value on the date of exercise of $221,000.

F-32

The following table summarizes information related to the Company’s stock options outstanding as of December 31, 2024:Options OutstandingExercise priceNumber OutstandingWeighted-Average Remaining Contractual Life (in years)Number Exercisable14.54 10,0000.7310,0008.00 4,5000.924,5006.42 15,0001.3415,00011.75 36,0001.9536,000$10.70 65,5001.5565,500Restricted stock unit grants – Following is a table reflecting the restricted stock unit grants during  2024, 2023 and 2022:Grant date# ofrestricted stock unitsFebruary 9, 20221,247,061April 13, 20227,143May 10, 202210,349June 16, 20222,150July 14, 20228,547August 29, 202230,581September 1, 202237,797September 19, 202249,645February 16, 20232,270,842February 13