Michael L. Hollis - Jul 19, 2023 Form 4 Insider Report for HighPeak Energy, Inc. (HPK)

Role: President, Director
Signature: /s/ Steven W. Tholen as Attorney in Fact for Michael L. Hollis
Stock symbol: HPK
Transactions as of: Jul 19, 2023
Transactions value $: $11,996,691
Form type: 4
Date filed: 7/21/2023, 04:24 PM
Previous filing: Dec 7, 2022
Next filing: Sep 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HPK	Common Stock, par value $0.0001 per share	Purchase	$12M	+1.14M	+351.86%	$10.50	1.47M	Jul 19, 2023	Direct	F1
holding	HPK	Common Stock, par value $0.0001 per share						200	Jul 19, 2023	By Sons

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	+400K		$0.00	400K	Jul 21, 2023	Common Stock, par value $0.0001 per share	400K	$10.50	Direct	F2

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

Explanation of Responses:

Id	Content
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.
F2	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.