Energy Evolution Master Fund, Ltd. - 05 Jan 2026 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role: 10%+ Owner
Signature: /s/ Energy Evolution Master Fund, Ltd., by Sterling Mulacek, Director
Issuer symbol: EP
Transactions as of: 05 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 07 Jan 2026, 16:01:52 UTC
Previous filing: 18 Nov 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Energy Evolution Master Fund, Ltd.	10%+ Owner	25025 I-45 NORTH, SUITE 420, THE WOODLANDS	/s/ Energy Evolution Master Fund, Ltd., by Sterling Mulacek, Director	07 Jan 2026	0001865291

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EP	Common Stock	Other		+562,500	+5.2%		11,295,528	05 Jan 2026	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Empire Petroleum Corporation ("Empire") had an option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). Empire exercised the remaining portion of the Purchase Option and upon closing of the transaction on January 5, 2026 Empire issued to the reporting person 562,500 shares of common stock valued at $1,800,000 based on a price of $3.20 per share.

Content

Empire Petroleum Corporation ("Empire") had an option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). Empire exercised the remaining portion of the Purchase Option and upon closing of the transaction on January 5, 2026 Empire issued to the reporting person 562,500 shares of common stock valued at $1,800,000 based on a price of $3.20 per share.