Key facts
- This page summarizes Jack Hightower's Form 4 filing for HighPeak Energy, Inc. (HPK).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 21 Jul 2023, 16:23.
Jack Hightower - 19 Jul 2023 Form 4 Insider Report for HighPeak Energy, Inc. (HPK)
- Reporting relationship
- Chief Executive Officer, Director, 10%+ Owner
- Issuer ticker
- HPK
- Reported as of
- 19 Jul 2023
- Net transaction value
- +$9,999,990
- SEC form
- 4
- Accepted by SEC
- 21 Jul 2023, 16:23:51 UTC
- Prior SEC filing
- 20 Jan 2023
- Next SEC filing
- 21 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jack Hightower
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jack Hightower filed Form 4 for HighPeak Energy, Inc. (HPK) on 21 Jul 2023.
Change
- Previous filing in this sequence was filed on 20 Jan 2023.
- Current net transaction value: +$9,999,990.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
HPK
transaction
Common Stock, par value $0.0001 per share
Purchase
- Transaction value
- $9,999,990
- Shares
- +952,380
- Change %
- +33%
- Price
- $10.50
- Shares after
- 3,858,391
- Date
- 19 Jul 2023
- Ownership
- Direct
- Footnotes
- F1
HPK
holding
Common Stock, par value $0.0001 per share
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 81,239,054
- Date
- 19 Jul 2023
- Ownership
- See Footnotes(2)(3)
- Footnotes
- F2, F3
HPK
holding
Common Stock, par value $0.0001 per share
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,336
- Date
- 19 Jul 2023
- Ownership
- By Wife
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
HPK
transaction
Derivative
Employee Stock Option (right to buy)
Award
- Transaction value
- $0
- Shares
- +1,000,000
- Change %
- Price
- $0.000000
- Shares after
- 1,000,000
- Date
- 21 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.0001 per share
- Underlying amount
- 1,000,000
- Exercise price
- $10.50
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Represents shares of HighPeak Energy, Inc. (the "Issuer") common stock, par value $0.0001 per share ("Common Stock") purchased by the Reporting Person from Roth Capital Partners, LLC (the "Underwriter") in an underwritten public offering conducted by the Issuer pursuant to an Underwriting Agreement between the Issuer and the Underwriter.
Footnote F2
Represents shares of Common Stock received by (i) HighPeak Pure Acquisition, LLC, a Delaware limited liability company ("Pure Sponsor"), (ii) HighPeak Energy, LP, a Delaware limited partnership ("HighPeak I"), (iii) HighPeak Energy II, LP, a Delaware limited partnership ("HighPeak II" and, together with Pure Sponsor, HighPeak I, and HighPeak Energy III, LP, a Delaware limited partnership, the "Record Holders") in connection with the business combination transaction between the Issuer and Pure Acquisition Corp., a Delaware corporation.
Footnote F3
The Reporting Person directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Exchange Act to be the indirect beneficial owner of the Common Stock owned by the Record Holders. The Reporting Person disclaims beneficial ownership of the Common Stock held by each of the Record Holders except to the extent of his pecuniary interest in each of the Record Holders, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Footnote F4
The stock option was designed to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the guidance thereunder, and is exercisable only during the 90 day period following the earlier to occur of the Reporting Person's separation from service due to death or disability, the occurrence of a change in control of the Issuer, or August 1, 2026.