Energy Evolution Master Fund, Ltd. - Feb 16, 2024 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role
10%+ Owner
Signature
/s/ Sterling Mulacek
Stock symbol
EP
Transactions as of
Feb 16, 2024
Transactions value $
$5,000,000
Form type
4
Date filed
2/21/2024, 09:26 PM
Previous filing
Dec 1, 2023
Next filing
Apr 24, 2024

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 Convertible Note Due 2026 Purchase $5M $5M Feb 16, 2024 Common Stock 800K $6.25 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The conversion price is subject to customary adjustments as set forth in the Convertible Note.
F2 Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest into shares of common stock of the Issuer based upon a floating conversion price as set forth in the Convertible Note.