Jack Hightower - May 4, 2022 Form 4 Insider Report for HighPeak Energy, Inc. (HPK)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Jack Hightower
Stock symbol: HPK
Transactions as of: May 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/4/2022, 07:20 PM
Previous filing: Nov 22, 2021
Next filing: Aug 15, 2022

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	HPK	Employee Stock Option (right to buy)	Award	$0	+378K		$0.00	378K	May 4, 2022	Common Stock, par value $0.0001 per share	378K	$29.67	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The option was fully vested as of the date of grant.
F2	This Form 4 reports in Box 9 the aggregate number of Employee Stock Options of the same class beneficially owned by the reporting person. In prior Form 4 filings, the reporting person reported in Box 9 the aggregate number of Employee Stock Options of all classes beneficially owned by the reporting person; however, the reporting hereby undertakes to report in Box 9 only the aggregate number of Employee Stock Options of the same class beneficially owned by the reporting person herein and in future filings.

Content

The option was fully vested as of the date of grant.

This Form 4 reports in Box 9 the aggregate number of Employee Stock Options of the same class beneficially owned by the reporting person. In prior Form 4 filings, the reporting person reported in Box 9 the aggregate number of Employee Stock Options of all classes beneficially owned by the reporting person; however, the reporting hereby undertakes to report in Box 9 only the aggregate number of Employee Stock Options of the same class beneficially owned by the reporting person herein and in future filings.