Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities.
Market Information for Common Stock
Our Class A common stock is traded on the New York Stock Exchange and NYSE Texas under the symbol "RPC". There is no established public trading market for our Class B common stock.
Holders of Record
As of February 23, 2026, there were approximately 29 stockholders of record of our Class A common stock and there were approximately 70 stockholders of record of our Class B common stock. The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
Dividend Policy
We declared a quarterly dividend of $0.0375 per share of our common stock to record holders in each fiscal quarter of 2025.
The declaration and payment by us of any future dividends to holders of our common stock is at the sole discretion of our board of directors. Our board intends to cause us to continue to pay a comparable cash dividend on a quarterly basis. Subject to funds being legally available, we intend to cause Ridgepost, LLC to make pro rata distributions to its members, including us, in an amount at least sufficient to allow us to pay all applicable taxes and to pay our corporate and other overhead expenses, including dividend payments to our stockholders. For more information regarding risk factors that could materially and adversely affect us and our ability to continue to pay a comparable cash dividend on a quarterly basis, refer to "Item 1A. Risk Factors" in this Form 10-K.
Issuer Purchases of Equity Securities
The following table provides information about our repurchase activity with respect to shares of our common stock for the quarter ended December 31, 2025:
Period
Total Number of Shares Purchased
Weighted Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program (1)
Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
October 1 - 31, 2025
—
$
-
-
$
26,014,646
November 1 - 30, 2025
522,728
9.54
522,728
$
21,014,652
December 1 - 31, 2025
—
$
-
-
$
21,014,652
Total
522,728
$
9.54
522,728
(1) On May 12, 2022, we announced that our Board of Directors authorized a program to repurchase outstanding shares of our Class A and Class B common stock as of the date of authorization (the "Stock Repurchase Program"). As of December 31, 2025, the Board has approved $157.0 million, of which $65.0 million was approved during the year ending December 31, 2025, for repurchase under the Share Repurchase Program. The Stock Repurchase Program does not obligate Ridgepost to acquire any particular amount of common stock and it may be terminated or amended by the Board of Directors at any time.
Recent Sales of Unregistered Securities
We did not sell any unregistered equity securities during the year ended December 31, 2025.
Stock Performance Graph
The following graph and table depict the total return to stockholders from the closing price on October 21, 2021 (the date our Class A common stock began trading on NYSE) through December 31, 2025, relative to the performance of the S&P
45
500 Index, Dow Jones U.S. Asset Managers Index, and Russell 2000 Index. The Company was admitted to the Russell 2000 Index in 2023. The graph and table assume $100 invested on October 21, 2021, and dividends reinvested in the security or index.
October 21, 2021
December 31, 2021
December 31, 2022
December 31, 2023
December 31, 2024
December 31, 2025
Ridgepost Capital, Inc
$100.00
$115.73
$88.33
$84.60
$104.39
$81.21
S&P 500 Index
$100.00
$105.05
$86.02
$112.95
$135.82
$160.10
Dow Jones US Asset Managers Index
$100.00
$99.55
$75.48
$90.06
$121.38
$124.52
Russell 2000 Index
$100.00
$97.78
$76.70
$88.28
$97.12
$108.09
The performance graph and table are not intended to be indicative of future performance. The performance graph and table shall not be deemed "soliciting material" or to be "filed" with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act or the Exchange Act.
Item 6. [Reserved].
46