Michael R. Morrisett - Feb 28, 2022 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role: President, Director
Signature: /s/ Michael R. Morrisett
Stock symbol: EP
Transactions as of: Feb 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/2/2022, 07:46 PM
Previous filing: Sep 30, 2021
Next filing: May 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EP	Common Stock	Award	$0	+40K	+2.36%	$0.00	1.73M	Feb 28, 2022	Direct

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.