Randall John W. 4

What Happened

• Randall John W., a director of Trio Petroleum Corp (TPET), disposed of 20,000 shares on 2026-02-02 in a transaction marked as an open-market or private sale. The shares were sold at an average price of about $0.6391 per share for aggregate proceeds of roughly $12,782. The filing characterizes the sale as done to cover taxes related to restricted stock issued to him in 2025. As a sale, this is typically a routine liquidity/tax-related transaction rather than a bullish insider purchase.

Key Details

• Transaction date: 2026-02-02
• Transaction type/code: Sale (S) — open market or private sale
• Price: Average reported $0.6391 per share (filing notes full price breakdown available to the SEC)
• Shares sold: 20,000; Proceeds: ~$12,782
• Reason given: To cover taxes related to restricted stock issued in 2025 (Footnote F1)
• Shares owned after transaction: Not specified in the Form 4 provided
• Filing date vs. transaction date: Form filed 2026-02-10 (8 days after the transaction) — appears to be filed late relative to the usual 2-business-day Form 4 timing

Context

• The filing explicitly ties the sale to tax withholding for a prior restricted-stock award, which is a common reason insiders sell shares and does not necessarily indicate a change in view on the company. Purchases generally carry more informational weight for investors; this sale appears administrative/tax-related per the footnote.