Morrisett Michael R. 4
4 · EMPIRE PETROLEUM CORP · Filed Apr 24, 2024
Insider Transaction Report
Form 4
Morrisett Michael R.
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Subscription Rights (right to buy)
2024-04-22−455,833→ 0 totalExercise: $5.00From: 2024-03-07Exp: 2024-04-10→ Common Stock (73,389 underlying) - Exercise/Conversion
Common Stock
2024-04-22$5.00/sh+73,389$366,945→ 533,172 total
Footnotes (3)
- [F1]Represents shares of the Issuer's common stock purchased by the reporting person following the exercise of 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").
- [F2]Represents the exercise price of $5.00 per whole share of common stock in the Rights Offering.
- [F3]Each holder of common stock of record as of March 7, 2024 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.161 of a share of common stock.