Ranger Oil (ROCC) insider Geiser received 22,548,998 shares

Insider transactions reported

Edward Geiser (insider at Ranger Oil Corporation, ROCC) reported that they received 22,548,998 shares, and returned to the company 22,548,998 shares on Jun 20, 2023. After these transactions the filing shows 0 shares held indirectly (See footnotes).

Reporting person

Geiser Edward

Options and other derivatives

Holdings before and after

• Class B Common Stock: 22,548,998 to 0 indirect, See footnotes

Footnotes from the filing

1. 1. Represents 22,548,998 shares of Class A Common Stock, par value $0.01 per share ( Class A Shares ), that, in connection with the merger of Baytex Energy Corp. and the Issuer (the merger ), were acquired upon the exchange of Commons Units, together with a corresponding number of shares of Class B Common Stock, par value $0.01 per share ( Class B Shares and, together with the Class A Shares, Common Stock ), of which JSTX Holdings, LLC ( JSTX ) directly held 17,142,857 Class B Shares and Rocky Creek Resources, LLC ( RCR ) directly held 5,406,141 Class B Shares immediately prior to the closing of the merger on June 20, 2023. The reported securities had no expiration date.
2. 2. As a result of the merger, the reported securities were exchanged for Common Shares of Baytex Energy Corp., and the Reporting Person no longer beneficially owns, directly or indirectly, any shares of Common Stock.
3. 3. JSTX is wholly owned by Juniper Capital III, L.P., a Delaware limited partnership ( Fund III ), and Juniper Phoenix Partners, L.P., a Delaware limited partnership ( Phoenix ). Juniper Capital III GP, L.P, a Delaware limited partnership ( Fund III GP ), is the sole general partner of each of Fund III and Phoenix. RCR is controlled by Juniper Capital II, L.P., a Delaware limited partnership and investment fund ( Fund II ), and Fund II owns a majority of the membership interests in RCR. Juniper Capital II GP, L.P., a Delaware limited partnership ( Fund II GP ), is the sole general partner of Fund II. Each of the limited partnership agreements of Fund II and Fund III dictate that the disposition of material interest, such as the investment in the Company, must be approved by two of the three members of Fund II GP and Fund III GP, respectively, one of whom must be Edward Geiser.
4. 4. Mr. Geiser disclaims beneficial ownership of the shares held by each of JSTX and RCR except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Transaction codes in this filing

Grant or award:

Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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