Frank C. Ingriselli - Jul 20, 2023 Form 4/A - Amendment Insider Report for Trio Petroleum Corp. (TPET)

Role: Chief Executive Officer, Director
Signature: /s/ Frank C. Ingriselli
Stock symbol: TPET
Transactions as of: Jul 20, 2023
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 7/25/2023, 05:18 PM
Date Of Original Report: Jul 24, 2023
Previous filing: Apr 17, 2023
Next filing: Jan 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	TPET	Common Stock	Award	+200K	+20%	1.2M	Jul 20, 2023	Direct	F1
transaction	TPET	Common Stock	Gift	-320K	-26.67%	880K	Jul 21, 2023	Direct	F2
transaction	TPET	Common Stock	Other	-150K	-17.05%	730K	Jul 21, 2023	Direct	F3
transaction	TPET	Common Stock	Gift	-150K	-20.55%	580K	Jul 21, 2023	Direct	F4
holding	TPET	Common Stock				197K	Jul 20, 2023	See footnote	F3
holding	TPET	Common Stock				150K	Jul 20, 2023	See footnote	F4
holding	TPET	Common Stock				600K	Jul 20, 2023	See footnote	F5

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

Explanation of Responses:

Id	Content
F1	Pursuant to the terms of the Issuer's 2022 Equity Incentive Plan, Mr. Ingriselli was granted 200,000 restricted shares of common stock as a bonus pursuant to the terms of his employment agreement on July 20, 2023. All of the shares vested on July 24, 2023.
F2	Mr. Ingriselli made gifts of shares of common stock of 80,000 shares each to his four children for a total of 320,000 shares of common stock.
F3	Mr. Ingriselli made a contribution of 150,000 shares of common stock to 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.
F4	Mr. Ingriselli made a gift of 150,000 shares of common stock to his wife, Sung Jin Ingriselli. The address of Ms. Ingriselli is 34 Magnolia Place, Danville CA 94506. Mr. Ingriselli may be deemed to have beneficial ownership of these shares.
F5	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.

Remarks:

This Amendment to the Form 4 filed by Mr. Ingriselli on July 24, 2023 (the "Original Form 4") corrects certain beneficial ownership information set forth in Table I, Column 5 of the Original Form 4. All other information is correct and remains unchanged.