10% owner sold ~$8.09M of REI shares in the open market

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After it was reported

After	Stock	S&P 500	Difference
7 days	−13.2%	−2.1%	−11.1%
30 days	−10.8%	−4.4%	−6.5%
90 days	−40.8%	+0.5%	−41.3%
180 days	−17.8%	+10.3%	−28.1%
365 days	+9.3%	+17.3%	−8.0%

Past results only. Not a forecast.

Footnotes from the filing

Following the reported transaction, the shares of common stock, par value $0.001 of the Issuer (the "Common Stock") are directly held as follows: 8,171,355 by Warburg Pincus Energy (E&P)-A, L.P.; 5,214,558 by WP Energy Stronghold Holdings, L.P.; 426,948 by WP Energy Partners Stronghold Holdings, L.P.; 493,523 by Warburg Pincus Energy (E&P) Partners-A, LP; 166,438 by Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC; 5,289,092 by Warburg Pincus Private Equity (E&P) XII (A), L.P.; 126,927 by Warburg Pincus Private Equity (E&P) XII-D (A), L.P.; 192,054 by Warburg Pincus Private Equity (E&P) XII-E (A), L.P.; 345,901 by WP XII (E&P) Partners (A), L.P.; 7,545,984 by WP XII Stronghold Holdings, L.P.; 890,079 by Warburg Pincus XII (E&P) Partners-1, L.P.; and 82,784 by Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC.
Warburg Pincus & Company US, LLC ("Warburg Pincus") is the general partner of Warburg Pincus Partners II (US), L.P., which is the managing member of Warburg Pincus (E&P) Energy LLC and Warburg Pincus (E&P) XII LLC. Warburg Pincus (E&P) Energy LLC is the general partner of Warburg Pincus (E&P) Energy GP, L.P., which is the general partner of Warburg Pincus Energy (E&P)-A, L.P., WP Energy Stronghold Holdings, L.P., WP Energy Partners Stronghold Holdings, L.P., Warburg Pincus Energy (E&P) Partners-A, L.P., and Warburg Pincus Energy (E&P) Partners-B, L.P. Warburg Pincus Energy (E&P) Partners-B, L.P. is the managing member of Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC. (continued in footnote 3)
(continued from footnote 2) Warburg Pincus (E&P) XII LLC is the general partner of Warburg Pincus (E&P) XII, L.P., which is the general partner of Warburg Pincus XII (E&P) Partners-1, L.P., Warburg Pincus XII (E&P) Partners-2, L.P., WP XII Stronghold Holdings, L.P., WP XII (E&P) Partners (A), L.P., Warburg Pincus Private Equity (E&P) XII (A), L.P., Warburg Pincus Private Equity (E&P) XII-D (A), L.P., and Warburg Pincus Private Equity (E&P) XII-E (A), L.P. Warburg Pincus XII (E&P) Partners-2, L.P. is the managing member of Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC (Warburg Pincus and the other entities listed in these footnotes 2 and 3, collectively, the "Warburg Entities").
Each of the Warburg Entities disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Warburg Entities are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

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10% owner sold ~$8.09M of REI shares in the open market

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The story around this disclosure

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Dates, kept separate

Context

After it was reported

Source receipt

Footnotes from the filing

Around the same time

~$215K200K sh @ $1.08

~$8.09M6.58M sh @ $1.23

~$118K97K sh @ $1.22

The story around this disclosure

What came next