Thomas W. Pritchard - Feb 28, 2022 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role: Chief Executive Officer, Director
Signature: /s/ Thomas W. Pritchard
Stock symbol: EP
Transactions as of: Feb 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/2/2022, 07:45 PM
Previous filing: Feb 14, 2022
Next filing: Apr 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EP	Common Stock	Award	$0	+40K		$0.00	40K	Feb 28, 2022	Direct
holding	EP	Common Stock						78.3K	Feb 28, 2022	By Pritchard Energy Advisors, LLC

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	EP	Employee Stock Option (Right to Buy)	Award	$0	+120K		$0.00	120K	Feb 28, 2022	Common Stock	120K	$2.95	Direct	F1
transaction	EP	Employee Stock Option (Right to Buy)	Award	$0	+120K		$0.00	120K	Feb 28, 2022	Common Stock	120K	$2.95	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Option vests in three equal annual installments beginning on February 28, 2023.
F2	The Option vests in one-third increments on each of the second, third and fourth anniversary of the date of the grant.