William Ryan Hightower - 31 Dec 2025 Form 4 Insider Report for HighPeak Energy, Inc. (HPK)

Role: Executive Vice President
Signature: /s/ Steven W. Tholen as Attorney in Fact for William Ryan Hightower
Issuer symbol: HPK
Transactions as of: 31 Dec 2025
Net transactions value: -$501,904
Form type: 4
Filing time: 05 Jan 2026, 16:07:39 UTC
Previous filing: 13 Nov 2025
Next filing: 09 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hightower William Ryan	Executive Vice President	421 W. 3RD STREET, SUITE 1000, FORT WORTH	/s/ Steven W. Tholen as Attorney in Fact for William Ryan Hightower	05 Jan 2026	0002091415

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	Tax liability	$501,904	-105,887	-25%	$4.74	322,668	31 Dec 2025	Direct	F1
holding	HPK	Common Stock, par value $0.0001 per share						4,720	31 Dec 2025	By Daughter	F2

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

Explanation of Responses:

Id	Content
F1	The reporting person had 300,000 shares of restricted stock that fully vested on December 31, 2025, of which 105,887 shares of common stock were withheld by the Company to satisfy Mr. Hightower's tax withholding obligations, resulting in a net issuance to Mr. Hightower of 194,113 shares of common stock.
F2	The reporting person disclaims beneficial ownership of the common stock held by the reporting person's daughter (the "Record Holder") except to the extent of his pecuniary interest in the Record Holder, and this report shall not be deemed an admission that he is the beneficial ownership of such securities for purposes of Section 16 or for any other purpose. The reporting person disclaims beneficial ownership of the securities held by his daughter, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Content

The reporting person had 300,000 shares of restricted stock that fully vested on December 31, 2025, of which 105,887 shares of common stock were withheld by the Company to satisfy Mr. Hightower's tax withholding obligations, resulting in a net issuance to Mr. Hightower of 194,113 shares of common stock.

The reporting person disclaims beneficial ownership of the common stock held by the reporting person's daughter (the "Record Holder") except to the extent of his pecuniary interest in the Record Holder, and this report shall not be deemed an admission that he is the beneficial ownership of such securities for purposes of Section 16 or for any other purpose. The reporting person disclaims beneficial ownership of the securities held by his daughter, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.