Morrisett Michael R. 4

What Happened

• Michael R. Morrisett, President & CEO and a director of Empire Petroleum Corp (EP), was reported on a Form 4 to have acquired 16,609 shares on July 2, 2026. The filing shows the shares were received for no cash consideration (reported price $0.00; total $0.00) under transaction code "J" (other acquisition/disposition).

Key Details

• Transaction date: July 2, 2026; Form 4 filed July 7, 2026 (Accession 0001072613-26-000570).
• Shares transacted: 16,609 shares acquired; reported price per share: $0.00; total reported value: $0.00.
• Footnote: The filing states a fund made an in‑kind distribution of Issuer shares to certain investors, including the reporting person, for no consideration (F1).
• Shares owned after the transaction: not specified in the excerpt provided.
• Filing timeliness: filing date is listed; the Form 4 does not specify any late‑filing code in the provided excerpt.

Context

• This was an in‑kind distribution (not a market purchase). Such distributions are administrative transfers from a fund to its investors and do not necessarily signal the insider bought or sold shares based on private information. They differ from open‑market purchases or sales and should be viewed as a non‑cash allocation rather than a direct trading decision by the insider.