Pumphrey Willis Jerome Jr 4

4 · Barrel Energy Inc. · Filed Jul 6, 2026

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Updated Jul 6, 2026

Barrel Energy (BRLL) 10% Owner Converts Preferred into 250M Common

What Happened

Willis Pumphrey (10% owner) converted 250,000 shares of Series A Preferred Stock into 250,000,000 shares of Barrel Energy common stock on July 2, 2026. The conversion was at a 1,000:1 ratio (1 preferred = 1,000 common), was an exchange of securities, and involved no cash consideration (acquisition price $0).
The Form 4 reports the acquisition of 250,000,000 common shares and the corresponding disposition (conversion) of 250,000 Series A preferred shares. This is a structural ownership change (conversion), not a purchase or sale in the market.

Key Details

Transaction date: July 2, 2026; Form 4 filed July 6, 2026 (timely).
Conversion ratio: 1 Series A preferred → 1,000 common shares.
Shares acquired: 250,000,000 common shares at $0 per share (total cash value $0).
Shares disposed: 250,000 Series A preferred (converted).
Holdings after transaction: 250,000,000 common shares and 1,000,000 Series A preferred shares remaining.
Footnotes: Series A preferred is immediately convertible with no stated expiration (F3). Remaining preferred can convert into an aggregate of 1,000,000,000 common shares, subject to the Series A designation as amended (F2). Each remaining Series A preferred share carries 1,000 votes (F4).

Context

This is a conversion by a 10% owner (ownership-structure action), not a typical open-market buy or sale. Conversions increase the company’s common share count and can dilute existing common holders; no cash changed hands in this transaction.

Form 4

Period: 2026-07-02

DirectorSecretary10% Owner

Transactions

Conversion
Common Stock
[F1][F2]
2026-07-02+250,000,000→ 250,000,000 total
Conversion
Series A Preferred Stock
[F1][F3][F2][F4]
2026-07-02−250,000→ 1,000,000 total
Exercise: $0.00→ Common Stock (250,000,000 underlying)

Footnotes (4)

[F1]On July 2, 2026, the Reporting Person converted 250,000 shares of Series A Preferred Stock into 250,000,000 shares of the Issuer's common stock at a conversion ratio of one preferred share for 1,000 common shares. The transaction was an exchange of securities, and no additional cash consideration was paid.
[F2]Following the conversion, the Reporting Person directly owns 250,000,000 shares of common stock and 1,000,000 shares of Series A Preferred Stock. The remaining preferred shares are convertible into an aggregate of 1,000,000,000 shares of common stock, subject to the Series A designation, as amended.
[F3]The Series A Preferred Stock is immediately convertible and has no stated expiration date.
[F4]Each remaining share of Series A Preferred Stock carries 1,000 votes, subject to the Series A designation, as amended.

Signature

/s/ Willis J. Pumphrey Jr.|2026-07-06

1 file