Energy Evolution Master Fund, Ltd. - Jul 20, 2023 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role
10%+ Owner
Signature
/s/ Sterling Mulacek
Stock symbol
EP
Transactions as of
Jul 20, 2023
Transactions value $
$2,500,000
Form type
4
Date filed
7/24/2023, 07:40 PM
Previous filing
Jan 4, 2022
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EP Common Stock Exercise of in-the-money or at-the-money derivative security $2.5M +500K +10.07% $5.00 5.47M Jul 20, 2023 Direct F1

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 Common Stock Warrant (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -500K -100% $0.00* 0 Jul 20, 2023 Common Stock 500K $5.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022.