Jack E. Vaughn - 14 Nov 2025 Form 4 Insider Report for Epsilon Energy Ltd. (EPSN)

Role: Director
Signature: /s/ Jack E. Vaughn
Issuer symbol: EPSN
Transactions as of: 14 Nov 2025
Transactions value $: $0
Form type: 4
Filing time: 20 Nov 2025, 14:34:08 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Vaughn Jack E.	Director	1910 MAIN AVENUE, DURANGO	/s/ Jack E. Vaughn	18 Nov 2025	0001705248

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EPSN	Common Shares	Award		+29.9K			29.9K	14 Nov 2025	Direct	F1
transaction	EPSN	Common Shares	Award		+2.15K			2.15K	14 Nov 2025	See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to the Membership Interest Purchase Agreement dated August 11, 2025, among the Sellers party thereto, Peak Exploration & Production, LLC ("Peak E&P"), Epsilon Energy USA, Inc., Epsilon Energy Ltd., and Yorktown Energy Partners XI, L.P. (as Sellers' Representative), the existing owners of Peak E&P received, as consideration, the Issuer's Common Shares, with such Common Shares allocated among the existing owners pro rata based on their relative ownership of Peak E&P.
F2	These securities are owned directly by Vaughn Capital, LLC. The reporting person owns 93% of the ownership interest of Vaughn Capital, LLC and is a manager of Vaughn Capital, LLC with sole voting power with respect to the Common Shares owned by Vaughn Capital, LLC.

Content

Pursuant to the Membership Interest Purchase Agreement dated August 11, 2025, among the Sellers party thereto, Peak Exploration & Production, LLC ("Peak E&P"), Epsilon Energy USA, Inc., Epsilon Energy Ltd., and Yorktown Energy Partners XI, L.P. (as Sellers' Representative), the existing owners of Peak E&P received, as consideration, the Issuer's Common Shares, with such Common Shares allocated among the existing owners pro rata based on their relative ownership of Peak E&P.

These securities are owned directly by Vaughn Capital, LLC. The reporting person owns 93% of the ownership interest of Vaughn Capital, LLC and is a manager of Vaughn Capital, LLC with sole voting power with respect to the Common Shares owned by Vaughn Capital, LLC.