John Lovoi - Jul 1, 2022 Form 4 Insider Report for Epsilon Energy Ltd. (EPSN)

Role: Director
Signature: \s\ John Lovoi
Stock symbol: EPSN
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/13/2022, 05:16 PM
Previous filing: May 24, 2022
Next filing: Oct 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EPSN	Common Shares	Award	$0	+18K	+33.27%	$0.00	72.1K	Jul 1, 2022	Direct	F1
holding	EPSN	Common Shares						1.76M	Jul 1, 2022	See Footmote	F2

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

Explanation of Responses:

Id	Content
F1	A new grant of 18,000 shares of common stock represented by time-based restricted stock units. The shares vest evenly at each anniversary of the grant date (7/1/2023, 7/1/2024, and 7/1/2025) as long as Mr. Lovoi continues service with the Board of Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.
F2	The securities reported herein are held in multiple accounts managed by JVL Advisors, LLC ("JVL"), of which John Lovoi is the managing partner. JVL may be deemed to be a beneficial owner of such securtities by virtue of its role as the investment manager of such accounts. Mr Lovoi may be deemed to be a beneficial owner fo such securities by virtue of his role as the managing partner of JVL. Mr. Lovoi disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that he is the beneficial owner of such securities for purposed of Section 16 or for any other purpose.

Content

A new grant of 18,000 shares of common stock represented by time-based restricted stock units. The shares vest evenly at each anniversary of the grant date (7/1/2023, 7/1/2024, and 7/1/2025) as long as Mr. Lovoi continues service with the Board of Epsilon at each applicable vesting date. Otherwise, the Restricted Stock Grant will be forfeited.

The securities reported herein are held in multiple accounts managed by JVL Advisors, LLC ("JVL"), of which John Lovoi is the managing partner. JVL may be deemed to be a beneficial owner of such securtities by virtue of its role as the investment manager of such accounts. Mr Lovoi may be deemed to be a beneficial owner fo such securities by virtue of his role as the managing partner of JVL. Mr. Lovoi disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that he is the beneficial owner of such securities for purposed of Section 16 or for any other purpose.