Mulacek Phil E 4

What Happened

• Phil E. Mulacek, listed as a 10% owner of Empire Petroleum Corp (EP), was the recipient of a grant/award (transaction code A) reported for the 2026-02-19 transaction date.
• The filing shows an acquisition in the form of a derivative award valued at $3,000,000. The number of underlying shares was reported as N/A (not specified), so no per-share price or share count is provided.
• This was an award (acquisition of derivative securities), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed within the required window).
• Transaction type/code: Grant/Award (A); instrument: derivative (details unspecified).
• Reported value: $3,000,000; shares acquired: N/A (not specified).
• Shares owned after transaction: not reported in the transaction details.
• No footnotes in the filing indicating a 10b5-1 plan, tax withholding, cashless exercise, or other special conditions.

Context

• Derivative awards (e.g., options, RSUs, convertible instruments) can convert into common shares later and often carry vesting or other conditions; the filing does not specify those terms.
• As a 10% owner, Mulacek is a significant stockholder; a grant to a 10% owner can reflect compensation or other corporate arrangements rather than an immediate market view. This award is informational and does not in itself indicate a buy/sell signal.