John W. Randall - Feb 9, 2024 Form 4 Insider Report for Trio Petroleum Corp. (TPET)

Role
Director
Signature
/s/ John W. Randall
Stock symbol
TPET
Transactions as of
Feb 9, 2024
Transactions value $
-$7,998
Form type
4
Date filed
2/12/2024, 06:28 PM
Previous filing
Sep 6, 2023
Next filing
Jul 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPET Common Stock Sale -$8K -60K -37.5% $0.13 100K Feb 9, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 These shares of common stock were sold pursuant to a 10b5-1 plan that the reporting person entered into on October 26, 2023. On February 9, 2024 Mr. Randall sold 60,000 shares of common stock. Prior to these sales Mr. Randall held 160,000 shares of common stock of the issuer.