Forbes Keith E 4
4 · HighPeak Energy, Inc. · Filed Jul 21, 2023
Insider Transaction Report
Form 4
Forbes Keith E
CAO and Controller
Transactions
- Purchase
Common Stock, par value $0.0001 per share
2023-07-19$10.50/sh+14,000$147,000→ 14,000 total(indirect: See Footnote 2) - Award
Employee Stock Option (right to buy)
2023-07-21+15,000→ 15,000 totalExercise: $10.50Exp: 2026-10-31→ Common Stock, par value $0.0001 per share (15,000 underlying)
Holdings
- 250(indirect: By Spouse)
Common Stock, par value $0.0001 per share
Footnotes (2)
- [F1]Represents shares of HighPeak Energy, Inc. (the "Issuer") common stock, par value $0.0001 per share ("Common Stock") purchased by the Reporting Person's personal investment vehicle from Roth Capital Partners, LLC (the "Underwriter") in an underwritten public offering conducted by the Issuer pursuant to an Underwriting Agreement between the Issuer and the Underwriter.
- [F2]The stock option was designed to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the guidance thereunder, and is exercisable only during the 90 day period following the earlier to occur of the Reporting Person's separation from service due to death or disability, the occurrence of a change in control of the Issuer, or August 1, 2026.