Frank C. Ingriselli - 17 Apr 2023 Form 3 Insider Report for Trio Petroleum Corp. (TPET)

Role
Chief Executive Officer, Director
Signature
/s/ Frank C. Ingriselli
Issuer symbol
TPET
Transactions as of
17 Apr 2023
Net transactions value
$0
Form type
3
Filing time
17 Apr 2023, 21:13:48 UTC
Next filing
25 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TPET Common Stock 600,000 17 Apr 2023 See Footnote F1
holding TPET Common Stock 47,000 17 Apr 2023 See Footnote F2
holding TPET Common Stock 1,000,000 17 Apr 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 600,000 shares held by Global Venture Investments LLC, for which Mr. Ingriselli holds 100% of the membership interest. The address of Global Venture Investments LLC is 4115 Blackhawk Plaza Circle, Suite 100, Danville, CA 94506. Mr. Ingriselli may be deemed to have beneficial ownership of the shares held by the aforementioned entity. Mr. Ingriselli disclaims beneficial ownership of the shares held by Global Venture Investments LLC reported herein, except to the extent of his pecuniary interest therein.
F2 Consists of 47,000 shares held by the Brightening Lives Foundation Inc. for which Mr. Ingriselli is the Chief Executive Officer and holds investment and voting control; the address of the Brightening Lives Foundation Inc is 9000 Crow Canyon Road, Suite 362, Danville, CA 94506. Mr. Ingriselli may be deemed to have beneficial ownership of the shares held by the aforementioned entity. Mr. Ingriselli disclaims beneficial ownership of the shares held by Brightening Lives Foundation Inc reported herein, except to the extent of his pecuniary interest therein.
F3 Pursuant to the terms of the Issuer's 2022 Equity Incentive Plan, Mr. Ingriselli was granted 1,000,000 Restricted Stock Units ("RSUs"). As of April 17, 2023, 500,000 RSUs have vested pursuant to the terms of the grant. The remainder of the RSUs shall vest into common stock of the Company in accordance with the following schedule, subject to Mr. Ingriselli's continuous service with the Issuer: two equal tranches of 250,000 on August 1, 2023 and February 1, 2024.