Trio Petroleum (TPET) Director Randall John W. Sells Shares

What Happened

• Randall John W., a director of Trio Petroleum Corp (TPET), disposed of 15,000 common shares on 2026-07-31. The reported sale price was $0.28 per share for a reported total of $4,190. Footnote 2 indicates the shares were sold at an average price of $0.2793; a full price breakdown is available to the SEC on request. This transaction is a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-07-31 (filed with SEC on 2026-08-03). Filing appears timely (filed within required two business days).
• Price(s): Reported at $0.28/share; average price noted as $0.2793 (see F2).
• Shares sold: 15,000; reported proceeds ≈ $4,190.
• Reason given (footnote F1): Sale to cover taxes related to restricted stock issued to Mr. Randall in 2025 (tax withholding).
• Shares owned after transaction: Not specified in the provided summary of the Form 4.
• No 10b5-1 plan or other trading plan was indicated in the provided footnotes.

Context

• The filer states the sale was to cover tax withholding from a prior restricted stock issuance; such tax-related sales are routine and do not necessarily signal a change in the insider’s view of the company. For retail investors, purchases by insiders generally carry more direct interpretive weight than routine sales for tax purposes.