Phil E. Mulacek - 16 Aug 2024 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role
Director, 10%+ Owner
Signature
/s/ Phil E. Mulacek
Issuer symbol
EP
Transactions as of
16 Aug 2024
Net transactions value
+$1,060,003
Form type
4
Filing time
20 Aug 2024, 16:01:11 UTC
Previous filing
01 Jul 2024
Next filing
30 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EP Common Stock Award $1,060,003 +205,427 +38% $5.16 740,363 16 Aug 2024 By Petroleum Independent & Exploration LLC F1
holding EP Common Stock 4,705,120 16 Aug 2024 Direct
holding EP Common Stock 476,744 16 Aug 2024 By Big Red Revocable Trust
holding EP Common Stock 435,515 16 Aug 2024 By Five Sterling LP
holding EP Common Stock 38,661 16 Aug 2024 By spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Petroleum Independent & Exploration, LLC ("PIE") acquired the 205,427 shares from Empire Petroleum Corporation ("Empire") as payment in full of the aggregate outstanding principal amount and accrued interest of $1,060,004 under that certain Term Loan Agreement dated as of August 6, 2020 between PIE, as lender, and Empire's wholly-owned subsidiary, Empire North Dakota LLC, as borrower.