Energy Evolution Master Fund, Ltd. bought EP
April 22, 2024 · Form 4 insider transaction
Energy Evolution Master Fund, Ltd. bought 1,606,546 shares of Empire Petroleum Corporation at $5.00 per share, a transaction worth $8.03M. The trade was recorded as exercise of in-the-money option and disclosed on an SEC Form 4, filed 2 days after the transaction.
Direction
Acquired (buy-side)
Shares
1,606,546
Price
$5.00
Total value
$8.03M
Role—
SecurityCommon Stock
Transaction codeX: Exercise of in-the-money option
Transaction dateApril 22, 2024
Filing dateApril 24, 2024
Shares owned after8,397,015
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
Represents shares of the Issuer's common stock purchased by the reporting person following the exercise of subscription rights, including over-subscription rights, pursuant to the Issuer's rights offering to holders of common stock, as described in the Issuer's prospectus supplement dated March 7, 2024, as supplemented by the Issuer's prospectus supplement dated March 28, 2024 (the "Rights Offering").