Chernosky Jay M. 4

What Happened
Jay M. Chernosky, a director of HighPeak Energy, Inc. (HPK), was granted 18,940 shares of restricted stock on 2026-06-02. The Form 4 reports an acquisition price of $0.00 (i.e., no cash paid). Because these are restricted shares, they are an award rather than an open-market purchase or sale and are subject to vesting conditions.

Key Details

• Transaction date: 2026-06-02; transaction type: Award/Grant (code A) of 18,940 shares at $0.00 per share.
• Total reported acquisition value on the Form 4: $0 (award price reported as $0.00).
• Shares owned after transaction: not disclosed in the filing.
• Vesting condition (footnote): shares vest upon the earlier of (i) a change of control or (ii) the Company's next annual meeting, contingent on the director's continuous board service.
• Filing/accession: Form 4 filed 2026-06-02 (no late-filing indication reported).

Context
Restricted stock awards are typically compensation for service and generally vest over time or upon specific events. This award does not represent an immediate sale or market purchase and doesn't necessarily indicate near-term trading intentions by the director.