Energy Evolution Master Fund, Ltd. bought EP
March 31, 2026 · Form 4 insider transaction
Energy Evolution Master Fund, Ltd. bought 1,855,757 shares of Empire Petroleum Corporation at $2.99 per share, a transaction worth $5.55M. 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
1,855,757
Price
$2.99
Total value
$5.55M
Role—
SecurityCommon Stock
Transaction codeX: Exercise of in-the-money option
Transaction dateMarch 31, 2026
Filing dateApril 2, 2026
Shares owned after13,151,285
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 February 2, 2026, as supplemented by the Issuer's prospectus supplement dated February 25, 2026 (the "Rights Offering").