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

Role
Director, 10%+ Owner
Signature
/s/ Phil E. Mulacek
Stock symbol
EP
Transactions as of
Aug 16, 2024
Transactions value $
$1,060,003
Form type
4
Date filed
8/20/2024, 04:01 PM
Previous filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EP Common Stock Award $1.06M +205K +38.4% $5.16 740K Aug 16, 2024 By Petroleum Independent & Exploration LLC F1
holding EP Common Stock 4.71M Aug 16, 2024 Direct
holding EP Common Stock 477K Aug 16, 2024 By Big Red Revocable Trust
holding EP Common Stock 436K Aug 16, 2024 By Five Sterling LP
holding EP Common Stock 38.7K Aug 16, 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.