Randall John W. 4

What Happened

• Randall John W., a director of Trio Petroleum Corp. (TPET), sold 15,000 shares in an open-market/private sale on 2026-05-01 at an average price of $0.51 per share, generating approximately $7,650. This was a sale (S) and, per the filing, was done to cover taxes related to restricted stock issued to him in 2025. Sales to cover tax obligations are typically routine and do not necessarily indicate a change in confidence.

Key Details

• Transaction date and price: 2026-05-01 — 15,000 shares sold at an average of $0.51 per share (total ≈ $7,650).
• Shares owned after transaction: Not specified in the information provided in this summary; see the Form 4 for the reported beneficial ownership balance.
• Footnotes: F1 — sale was to cover taxes from restricted stock issued in 2025. F2 — average price reported ($0.51); a full price breakdown is available to the SEC on request.
• Timeliness: Transaction reported on Form 4 filed 2026-05-05. Given the 2-business-day reporting rule and the May 2–3 weekend, this filing appears to be timely.

Context

• Tax-withholding sales are common when restricted stock vests and do not, by themselves, signal insider sentiment about the company’s prospects.
• The dollar amount is modest (~$7.7k), and this filing shows a routine disposition rather than an accumulation of shares.