Thomas W. Pritchard - 04 Jan 2023 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: EP
Reported as of: 04 Jan 2023
Net transaction value: +$457,113
SEC form: 4
Accepted by SEC: 06 Jan 2023, 14:48:23 UTC
Prior SEC filing: 03 Jan 2023
Source filing: View source filing
Reporting owner signature: /s/ Thomas W. Pritchard

Key filing fact

Thomas W. Pritchard filed Form 4 for EMPIRE PETROLEUM CORP (EP) on 06 Jan 2023.

Key facts

This page summarizes Thomas W. Pritchard's Form 4 filing for EMPIRE PETROLEUM CORP (EP).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 06 Jan 2023, 14:48.

Change

Previous filing in this sequence was filed on 03 Jan 2023.
Current net transaction value: +$457,113.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EP transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value: $413,052
Shares: +312,918
Change %: +108%
Price: $1.32^*
Shares after: 601,968
Date: 04 Jan 2023
Ownership: Direct

EP transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value: $44,061
Shares: +31,472
Change %: +5.2%
Price: $1.40^*
Shares after: 633,440
Date: 04 Jan 2023
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EP transaction Derivative

Common Stock Optioin (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -354,100
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 354,100
Exercise price: $1.32
Footnotes: F1, F2, F3

EP transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -35,900
Change %: -7.2%
Price: $0.000000
Shares after: 464,100
Date: 04 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 35,900
Exercise price: $1.40
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022 ("Reverse Stock Split").

Footnote F2

The option vested in three installments as follows: 312,500 on April 3, 2019; 156,250 on April 3, 2020; and 156,250 on April 3, 2021 (as adjusted for the Reverse Stock Split).

Footnote F3

Of the 354,100 shares, 41,182 were surrendered to Empire in connection with a cashless exercise.

Footnote F4

Of the 35,900 shares, 4,428 were surrendered to Empire in connection with a cashless exercise.