Ross Robin A. 4
4 · Trio Petroleum Corp · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Trio Petroleum (TPET) CEO Robin A. Ross Sells 12,500 Shares
What Happened
Robin A. Ross, CEO of Trio Petroleum Corp (TPET), reported the disposition of 12,500 shares on 2026-05-06. The Form 4 lists the sale as "Open market or private sale" with the price shown as N/A, but a footnote states the shares were sold at an average of $0.4658 — implying proceeds of about $5,822.50. This was a sale (code S) and, per the filing footnote, was done to cover taxes related to restricted stock issued to Mr. Ross in 2025 (a routine "sell-to-cover" transaction).
Key Details
- Transaction date: 2026-05-06 (reported on Form 4 filed 2026-05-07). Filing appears timely (within standard Form 4 deadlines).
- Transaction type/code: Sale (S), described as "Open market or private sale"; price column listed as N/A in the table.
- Price/Value: Footnote indicates an average sale price of $0.4658; approximate proceeds $5,822.50. Full per-share price breakdown is available to the SEC on request.
- Reason given: Footnote F1 — sale to cover taxes from 2025 restricted stock issuance (tax withholding).
- Shares owned after transaction: Not provided in the excerpt of the filing.
Context
Sell-to-cover transactions to satisfy tax withholding on restricted stock are common and generally routine; they do not necessarily signal a change in the insider’s view of the company. Purchases tend to be more informative about insider confidence, while routine tax-related sales are administrative.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-06−12,500→ 650,000 total
Footnotes (2)
- [F1]The purpose of the sale is to cover taxes with respect to the issuance of restricted stock to Mr. Ross in 2025.
- [F2]Based upon shares sold at an average of $0.4658. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.