LOVOI JOHN 4

What Happened

• John Lovoi, a director of Epsilon Energy Ltd. (EPSN), was granted 13,598 shares of common stock represented by time‑based restricted stock units (RSUs) on 2026-01-22. The award is reported as acquired at $0.00 on the Form 4. The RSUs vest evenly over three years with vesting dates 12/31/2026, 12/31/2027, and 12/31/2028. This is a compensation/retention award (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-01-22; Report filed: 2026-01-23 (Form 4 accession 0001104659-26-006272).
• Price reported: $0.00 (award/grant).
• Shares granted: 13,598 RSUs that convert to common shares upon vesting.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: (F1) Confirms the time‑based vesting schedule (three equal annual tranches). (F2) Securities are held in multiple accounts managed by JVL Advisors, LLC, where Lovoi is the managing member; he disclaims beneficial ownership except to the extent of any pecuniary interest.
• Timeliness: Filing appears timely (transaction 01/22/2026; Form 4 filed 01/23/2026); no late‑filing indicator noted.

Context

• RSUs are a form of compensation; no cash was exchanged at grant and the shares are subject to forfeiture until they vest. Such awards are common for retention and alignment with shareholders and do not, by themselves, indicate a buy or sell signal from the insider.