Empire Petroleum (EP) Director Mason Matschke Buys 5,777 Shares

What Happened

• Mason H. Matschke, a director of Empire Petroleum Corp (ticker: EP), purchased 5,777 shares on 2026-09-11. The filing reports a weighted-average purchase price of $2.38 per share for a reported total of $13,730. This was a purchase (insider buy), which investors often view as a more informative signal than routine sales, though no motive is stated.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-15 (timely; within required reporting window).
• Transaction type: Purchase (open-market/private purchase), reported as code P.
• Shares acquired: 5,777; weighted-average price: $2.38; reported total value: $13,730.
• Footnote: The $2.38 is a weighted average. Purchases occurred in multiple trades at prices ranging from $2.30 to $2.49. The reporting person offers to provide a per-trade breakdown on request.
• Shares owned after transaction: Not provided in the excerpt supplied.

Context

• This was a straightforward purchase by a company director. The filing contains no indication of option exercises, gifts, tax withholding, or a 10b5-1 plan. Purchases can signal confidence but do not prove future performance; consider this alongside other insider activity and company fundamentals.