Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 115

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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60,000 2.04 Forfeited or rescinded(66,101)1.43 Vested(303,797)2.74 Outstanding, June 30, 20244,117,384$1.70 Granted76,600 1.97 Forfeited or rescinded(399,552)1.67 Vested(57,338)2.38 Outstanding, September 30, 20243,737,094 $1.70 Outstanding, December 31, 20243,817,128 $1.70 Granted3,691,373 1.31 Forfeited or rescinded— — Vested(1,983,465)1.75 Outstanding, March 31, 20255,525,036 $1.42 Granted76,177 0.92 Forfeited or rescinded(86,238)1.31 Vested(41,834)2.12 Outstanding, June 30, 20255,473,141$1.41 Granted— — Forfeited or rescinded(65,244)1.36 Vested(349,726)1.57 Outstanding, September 30, 20255,058,171 $1.40 As of September 30, 2025, the Company had $3,477,694 of unrecognized compensation cost related to RSU grants that will be recognized over a weighted average period of 1.93 years. Grant activity for the nine months ended September 30, 2025 was primarily RSU grants for the annual long-term incentive plan awards for employees.

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Performance Stock UnitsA summary of the performance stock units ("PSU") outstanding as of September 30, 2025 and 2024, respectively, along with changes during the respective nine month periods then ended are as follows:Performance Stock UnitsWeighted-Average GrantDate Fair ValueOutstanding, December 31, 20232,022,378 $3.11 Granted— — Forfeited or rescinded— — Vested— — Outstanding, March 31, 20242,022,378 $3.11 Granted1,378,378 $2.27 Forfeited or rescinded— $— Vested— $— Out