Mark Williams - 08 May 2025 Form 4 Insider Report for EON Resources Inc. (EONR)

Signature
/s/ Mark Williams
Issuer symbol
EONR
Transactions as of
08 May 2025
Net transactions value
$0
Form type
4
Filing time
02 Jun 2025, 17:02:51 UTC
Previous filing
17 Oct 2024
Next filing
25 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Williams Mark VP of Finance and Admin EON RESOURCES INC., 3730 KIRBY DRIVE, SUITE 1200, HOUSTON /s/ Mark Williams 02 Jun 2025 0002010721

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EONR Redeemable Warrants Other -100,000 -100% 0 08 May 2025 Class A Common Stock 75,000 $11.50 Direct F1
transaction EONR Convertible Promissory Note Other $200,000 $200,000 08 May 2025 Class A Common Stock 800,000 Direct F1, F2
transaction EONR Convertible Promissory Note Sale $200,000 $0 13 May 2025 Class A Common Stock 800,000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 8, 2025, EON Resources Inc. (the "Issuer") entered into an Exchange Agreement with the reporting person, pursuant to which the Issuer issued to the reporting person a convertible promissory note due January 31, 2028 in the principal amount of $100,000 (the "Convertible Note") in exchange for 100,000 redeemable warrants (each exercisable to purchase three-quarters of a share of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer at $11.50 per share, subject to adjustment) and a promissory note due March 8, 2029 in the principal amount of $100,000.
F2 The Convertible Note is convertible by the reporting person at any time after issuance into shares of Class A Common Stock at a conversion price equal to the greater of (a) $0.25 per share or (b) 90% multiplied by the average of the three lowest VWAPs of the Class A Common Stock over the ten trading days prior to conversion (the "Conversion Price"). If, at any time the Convertible Note is outstanding, the Issuer issues or sells Class A Common Stock for no consideration or at a price lower than the then-current Conversion Price, then the Conversion Price of the Convertible Note will be automatically reduced to the amount of consideration per share received by the Issuer in such sale or offering
F3 On May 13, 2025, the reporting person agreed to sell and transfer the Convertible Note in a private transaction for $200,000.