Peter F. Longo - 15 Jan 2025 Form 4 Insider Report for HOUSTON AMERICAN ENERGY CORP (HUSA)

Role: CEO, President, Director
Signature: Peter F. Longo
Issuer symbol: HUSA
Transactions as of: 15 Jan 2025
Net transactions value: $0
Form type: 4
Filing time: 17 Jan 2025, 11:14:58 UTC
Previous filing: 17 Dec 2024
Next filing: 18 Feb 2025
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HUSA	Stock Option (right to buy)	Award	$0	+9,202	+41%	$0.000000	31,522	15 Jan 2025	Common Stock	9,202	$1.63	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On January 15, 2025, the reporting person received a grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $1.63 per share (the trading price for the last business day before the grant date). Therefore, on January 15, 2025, 9,202.45 options were granted to the reporting person.
F2	The options were granted on January 15, 2025 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant.

Content

On January 15, 2025, the reporting person received a grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $1.63 per share (the trading price for the last business day before the grant date). Therefore, on January 15, 2025, 9,202.45 options were granted to the reporting person.

The options were granted on January 15, 2025 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant.