CFO Sundip Singh Johl buys $278,840 of Ring Energy, Inc. (REI)
Sundip Singh Johl, chief financial officer, bought $278,840 of stock after a 24% fall. WallStPal Score 65.
Sundip Singh Johl, chief financial officer of Ring Energy, Inc., bought 231,000 shares on the open market on June 15, 2026 at an average of $1.21 a share, for a total of $278,840. The purchase was reported to the SEC on Form 4 on June 16, 2026.
It raised their holding by 73%, to 548,460 shares.
The purchase came after a fall: Ring Energy, Inc. stock was down 24% over the 13 weeks before.
1 other insider also bought at least $10,000 of REI within 30 days, which makes this a cluster buy.
In the 12 months up to this filing, Ring Energy, Inc. insiders reported 2 open-market purchases and 0 sales.
WallStPal Score: 65 out of 100, because of raised their holding by 73%; 1 other insider also bought; the stock had fallen 24% in the 13 weeks before; bought by a top executive.
What happened next: after 1 month the stock was down 0.6% (2.4 points worse than the S&P 500). Based on weekly prices from the week of the purchase.
Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.
Examples
Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.
Explain it like I'm 13
Sundip Singh Johl helps run Ring Energy, Inc.. Spending $278,840 of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.
More: all REI insider trades · Sundip Singh Johl's track record