THOMAS J. PERNICE - 01 Jul 2024 Form 4 Insider Report for Trio Petroleum Corp. (TPET)

Role
Director
Signature
/s/ Thomas J. Pernice
Issuer symbol
TPET
Transactions as of
01 Jul 2024
Net transactions value
-$3,110
Form type
4
Filing time
02 Jul 2024, 16:15:13 UTC
Previous filing
05 Jun 2024
Next filing
21 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPET Common Stock Sale $3,110 -10,000 -4.5% $0.3110 210,000 01 Jul 2024 Direct F1, F2
* 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 The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 30, 2024.
F2 The price reported in Column 4 is a weighted average price of $0.311. The Reporting Person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.