Energy Evolution Master Fund, Ltd. 4
4 · EMPIRE PETROLEUM CORP · Filed Apr 24, 2024
Insider Transaction Report
Form 4
Energy Evolution Master Fund, Ltd.
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2024-04-22$5.00/sh+1,606,546$8,032,730→ 8,397,015 total - Exercise of In-Money
Subscription Rights (right to buy)
2024-04-22−6,790,469→ 0 totalExercise: $5.00From: 2024-03-07Exp: 2024-04-10→ Common Stock (1,606,546 underlying)
Footnotes (3)
- [F1]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").
- [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, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.