Stronghold Energy II Operating, Llc - Mar 4, 2024 Form 4 Insider Report for RING ENERGY, INC. (REI)

Role: 10%+ Owner
Signature: Stronghold Energy II Operating, LLC, By: Stronghold Energy II Intermediate, LLC, By: /s/ David Sreter, Authorized Signatory
Stock symbol: REI
Transactions as of: Mar 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/6/2024, 04:05 PM
Previous filing: Sep 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REI	Common Stock	Other		-46.1M	-100%		0	Mar 4, 2024	See Footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stronghold Energy II Operating, Llc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The reported securities were distributed for no consideration by Stronghold Energy II Operating LLC ("Stronghold OpCo") to its members, entities affiliated with Warburg Pincus & Company US, LLC ("Warburg Pincus"), for which the receipt of such securities is exempt from Section 16 pursuant to Rule 16a-9.
F2	Stronghold Energy II Intermediate, LLC ("Stronghold Intermediate") is the managing member of Stronghold OpCo, and Stronghold Energy II Holdings, LLC ("Stronghold Holdings" and, collectively with Stronghold OpCo and Stronghold Intermediate, the "Stronghold Entities") is the managing member of Stronghold Intermediate. In connection with the closing of the Purchase Agreement, Stronghold OpCo or, if applicable, its permitted transferees received the right to designate two directors to serve on the Issuer's Board, subject to certain approval rights of the Issuer. One of the designated directors, Roy Ben-Dor, is a managing director of Warburg Pincus.

Content

The reported securities were distributed for no consideration by Stronghold Energy II Operating LLC ("Stronghold OpCo") to its members, entities affiliated with Warburg Pincus & Company US, LLC ("Warburg Pincus"), for which the receipt of such securities is exempt from Section 16 pursuant to Rule 16a-9.

Stronghold Energy II Intermediate, LLC ("Stronghold Intermediate") is the managing member of Stronghold OpCo, and Stronghold Energy II Holdings, LLC ("Stronghold Holdings" and, collectively with Stronghold OpCo and Stronghold Intermediate, the "Stronghold Entities") is the managing member of Stronghold Intermediate. In connection with the closing of the Purchase Agreement, Stronghold OpCo or, if applicable, its permitted transferees received the right to designate two directors to serve on the Issuer's Board, subject to certain approval rights of the Issuer. One of the designated directors, Roy Ben-Dor, is a managing director of Warburg Pincus.