| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TPET | Common Stock | Sale | -$62K | -363K | -60.45% | $0.17 | 237K | Jan 31, 2024 | see footnote | F1 |
| transaction | TPET | Common Stock | Sale | -$33.8K | -137K | -57.86% | $0.25 | 100K | Feb 1, 2024 | see footnote | F1 |
| transaction | TPET | Common Stock | Sale | -$25.1K | -150K | -100% | $0.17 | 0 | Jan 31, 2024 | see footnote | F2 |
| holding | TPET | Common Stock | 407K | Jan 31, 2024 | see footnote | F3 | |||||
| holding | TPET | Common Stock | 370K | Jan 31, 2024 | Direct |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | These shares of common stock were sold pursuant to a 10b5-1 plan that the reporting person and Global Venture Investments LLC ("GVI") entered into on October 25, 2023. Mr. Ingriselli holds 100% of the membership interests of GVI and, as a result, is deemed to hold investment and voting control over those shares. On January 31, 2024 GVI sold 362,704 shares of common stock and then sold an additional 137,296 shares of common stock on February 1, 2024. Prior to these sales GVI held 600,000 shares of common stock of the issuer. The address of GVI is 4115 Blackhawk Plaza Circle, Suite 100, Danville, CA 94506. Mr. Ingriselli may be deemed to have beneficial ownership of the shares of common stock held by GVI. Mr. Ingriselli disclaims beneficial ownership of the shares of common stock held by GVI reported herein, except to the extent of his pecuniary interest therein. |
| F2 | These shares of common stock were sold pursuant to a 10b5-1 plan that the reporting person and his wife, Sung Jin Ingriselli, entered into on October 25, 2023. Ms. Ingriselli sold 150,000 shares of common stock of the issuer. After this sale, Ms. Ingriselli no longer holds any shares of common stock of the issuer. The address of Ms. Ingriselli is 34 Magnolia Place, Danville, CA 94506. Mr. Ingriselli may be deemed to have had beneficial ownership of these shares of common stock. |
| F3 | Consists of 407,000 shares of common stock of the issuer owned by Brightening Lives Foundation Inc. ("BLF"), for which Mr. Ingriselli is the Chief Executive Officer and holds investment and voting control over such shares. The address of BLF is 9000 Crow Canyon Road, Suite 362, Danville, CA 94506. Mr. Ingriselli may be deemed to have beneficial ownership of the shares of common stock held by BLF. Mr. Ingriselli disclaims beneficial ownership of the shares of common stock held by BLF reported herein, except to the extent of his pecuniary interest therein. |