Ross Robin A. 4

What Happened

• Robin A. Ross, CEO of Trio Petroleum Corp (TPET), sold 25,000 shares on 2026-06-03. The Form 4 lists the transaction as an open-market or private sale (code S). Based on the filing footnote, the shares were sold at an average price of $0.3888, implying gross proceeds of roughly $9,720. The filing states the sale was to cover taxes related to restricted stock issued to Mr. Ross in 2025.

Key Details

• Transaction date: 2026-06-03 (filed 2026-06-04)
• Shares sold: 25,000
• Reported average price (footnote): $0.3888 per share → approx. $9,720 total
• Purpose (footnote): Tax withholding for 2025 restricted stock award
• Price breakdown: Full per-share breakdown available to the SEC on request (footnote)
• Shares owned after transaction: Not specified in the provided filing summary
• Timeliness: Filed the next day (no late filing flag in this report)

Context

• Sales to cover tax withholding on restricted stock are common and often routine; they do not necessarily indicate a change in an insider’s view of the company. For retail investors, purchases by insiders are generally more informative than small, one-off sales like this (under $10k in proceeds).