Stanford Eschner - 17 Apr 2023 Form 3 Insider Report for Trio Petroleum Corp. (TPET)

Role: Executive Chairman, Director
Signature: /s/ Stan Eschner
Issuer symbol: TPET
Transactions as of: 17 Apr 2023
Net transactions value: $0
Form type: 3
Filing time: 17 Apr 2023, 21:13:52 UTC
Next filing: 25 Aug 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TPET	Common Stock						1,000,000	17 Apr 2023	See Footnote	F1
holding	TPET	Common Stock						150,000	17 Apr 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Consists of (i) 500,000 shares held by the Stanford Eschner Trust No. 1, for which Mr. Eschner holds investment and voting control over; the address of the Stanford Eschner Trust No. 1 is 6501 Kane Way, Bakersfield, CA 93309, and (ii) 500,000 shares held by Trio Petroleum LLC, a California Limited Liability Company, for which Stan Eschner serves as the Executive Chairman, and as such may be deemed to hold investment and voting control over Trio Petroleum LLC's shares; the address of Trio Petroleum LLC is 5401 Business Park, Suite 115 Bakersfield, CA 93309. Mr. Eschner disclaims beneficial ownership of the shares held by Trio Petroleum LLC reported herein, except to the extent of his pecuniary interest therein.
F2	Pursuant to the terms of the Issuer's 2022 Equity Incentive Plan, Mr. Eschner was granted 150,000 Restricted Stock Units ("RSUs"), which shall vest into common stock of the Company in accordance with the following schedule, subject to Mr. Eschner's continuous service with the Issuer: tranches of 37,500 shares every 6 months beginning on October 17, 2023.

Content

Consists of (i) 500,000 shares held by the Stanford Eschner Trust No. 1, for which Mr. Eschner holds investment and voting control over; the address of the Stanford Eschner Trust No. 1 is 6501 Kane Way, Bakersfield, CA 93309, and (ii) 500,000 shares held by Trio Petroleum LLC, a California Limited Liability Company, for which Stan Eschner serves as the Executive Chairman, and as such may be deemed to hold investment and voting control over Trio Petroleum LLC's shares; the address of Trio Petroleum LLC is 5401 Business Park, Suite 115 Bakersfield, CA 93309. Mr. Eschner disclaims beneficial ownership of the shares held by Trio Petroleum LLC reported herein, except to the extent of his pecuniary interest therein.

Pursuant to the terms of the Issuer's 2022 Equity Incentive Plan, Mr. Eschner was granted 150,000 Restricted Stock Units ("RSUs"), which shall vest into common stock of the Company in accordance with the following schedule, subject to Mr. Eschner's continuous service with the Issuer: tranches of 37,500 shares every 6 months beginning on October 17, 2023.