COVINGTON KEITH 4

What Happened
Keith Covington, a director of HighPeak Energy, was granted 18,940 shares of restricted stock on 2026-06-02. The grant was reported at $0.00 cash paid (an award, not a market purchase or sale). Because this is an equity award for service, it is compensation rather than a buy or sell trade.

Key Details

• Transaction date: 2026-06-02 — 18,940 shares granted at $0.00 per share (award).
• Filing date / report period: 2026-06-02 (filing appears timely for the reported transaction).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: The shares are restricted and vest only upon the Reporting Person’s continuous service on the board until the earlier of (i) a change of control or (ii) the Company’s next annual meeting.
• Transaction code: A = award/grant.

Context
Restricted stock awards are common board compensation and vest over time or upon certain events; they do not represent an immediate market purchase or sale and thus are not a direct signal of short-term insider buying or selling. This filing documents grant-based compensation for a director, with vesting tied to continued board service or a change of control.