Pogo Royalty, LLC - Sep 5, 2024 Form 4 Insider Report for HNR Acquisition Corp. (HNRA)

Role: 10%+ Owner
Signature: /s/ Bayard Friedman, Authorized Person, on behalf of Pogo Royalty, LLC
Stock symbol: HNRA
Transactions as of: Sep 5, 2024
Transactions value $: -$13,586
Form type: 4
Date filed: 9/9/2024, 06:36 PM
Previous filing: Nov 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNRA	Class A Common Stock	Sale	-$13.6K	-8.98K	-0.45%	$1.51	2M	Sep 5, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $1.50 to $1.57, inclusive. The reporting persons undertake to provide to HNR Acquisition Corp (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2	Pogo Royalty beneficially holds (a) 201,022 shares of Class A Common Stock of the Issuer and (b) 1,800,000 shares of Class B Common Stock of the Issuer and an equivalent number of HNRA Upstream, LLC ("OpCo") Class B Units, which together are exchangeable for 1,800,000 shares of Class A Common Stock of the Issuer.

Content

The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $1.50 to $1.57, inclusive. The reporting persons undertake to provide to HNR Acquisition Corp (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

Pogo Royalty beneficially holds (a) 201,022 shares of Class A Common Stock of the Issuer and (b) 1,800,000 shares of Class B Common Stock of the Issuer and an equivalent number of HNRA Upstream, LLC ("OpCo") Class B Units, which together are exchangeable for 1,800,000 shares of Class A Common Stock of the Issuer.