Craig Perry - 30 May 2023 Form 4 Insider Report for ALPINE SUMMIT ENERGY PARTNERS, INC.

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Reagan Brown as attorney-in-fact for Craig Perry
Issuer symbol: N/A
Transactions as of: 30 May 2023
Net transactions value: $0
Form type: 4
Filing time: 01 Jun 2023, 19:50:19 UTC
Previous filing: 30 Dec 2022
Next filing: 18 Sep 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALPSQ	Class A Subordinate Voting Shares	Options Exercise		+517,118	+322%		677,931	30 May 2023	Direct	F1
transaction	ALPSQ	Class A Subordinate Voting Shares	Options Exercise		+14,901,450			14,901,450	30 May 2023	Held by HB2 Energy, Inc.	F1, F2
transaction	ALPSQ	Class A Subordinate Voting Shares	Options Exercise		+15,947	+0.11%		14,917,397	30 May 2023	Held by HB2 Energy, Inc.	F2, F3
holding	ALPSQ	Class A Subordinate Voting Shares						750,000	30 May 2023	Held by The Vila Monte Irrevocable Trust	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ALPSQ	Class B Non-Voting Units	Options Exercise	$0	-517,118	-100%	$0.000000^*	0	30 May 2023	Class A Subordinate Voting Shares	517,118		Direct	F1
transaction	ALPSQ	Class B Non-Voting Units	Options Exercise	$0	-14,901,450	-96%	$0.000000	545,841	30 May 2023	Class A Subordinate Voting Shares	14,901,450		Held by HB2 Energy, Inc.	F1, F2
transaction	ALPSQ	Class C Proportionate Voting Shares	Options Exercise	$0	-15,947	-100%	$0.000000^*	0	30 May 2023	Class A Subordinate Voting Shares	15,947		Held by HB2 Energy, Inc.	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents Class B non-voting units of HB2 Origination, LLC, which are exchangeable at the option of the reporting person for Class A subordinate voting shares of the Issuer on a one-for-one basis.
F2	The reporting person is the 100% owner of HB2 Energy, Inc.
F3	Represents Class C proportionate voting shares. Each Class C proportionate voting share entitles the holder to vote the equivalent of 1,000 Class A subordinate voting shares and automatically convert into Class A subordinate voting shares of the Issuer on a 1:1 basis upon the occurrence of certain events. The Class C proportionate voting shares are not convertible at the election of the holder and may only be transferred with the consent of the board of directors.
F4	The reporting person's spouse is the trustee and a beneficiary of The Vila Monte Irrevocable Trust.