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

Role
Director
Signature
/s/ Byron Blount
Issuer symbol
EONR
Transactions as of
08 May 2025
Transactions value $
$0
Form type
4
Filing time
03 Jun 2025, 11:31:41 UTC
Previous filing
17 Oct 2024
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Blount Byron Director EON RESOURCES INC., 3730 KIRBY DRIVE, SUITE 1200, HOUSTON /s/ Byron Blount 03 Jun 2025 0002003092

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 -50K -100% 0 08 May 2025 Class A Common Stock 37.5K $11.50 Direct F1
transaction EONR Convertible Promissory Note Other $50K $50K 08 May 2025 Class A Common Stock 200K Direct F1, F2
transaction EONR Convertible Promissory Note Sale -$50K $0 13 May 2025 Class A Common Stock 200K 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 $50,000 (the "Convertible Note") in exchange for 50,000 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).
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 $50,000.