Vivakor, Inc.: issues 128,965 shares; LOI to acquire Direct Midstream

What happened The filing says that between Oct 5, 2026 and Oct 6, 2026, Vivakor, Inc. received Notices of Conversion from J.J. Astor & Co. converting an aggregate of $350,000 of the amount due under a junior secured convertible promissory note into an aggregate of 128,965 shares of the company’s common stock, and that the company issued those shares. The filing also says that on Oct 9, 2026 the company issued a press release announcing a non-binding letter of intent to acquire Direct Midstream, LLC.

Key details

• The convertible note (the “Second Note”) was issued Jul 9, 2025 in the principal amount of $5,940,000; the company received $4,400,000 before fees under the related loan agreement.
• $350,000 of the Second Note was converted into 128,965 common shares via Notices of Conversion dated Oct 5, 2026 to Oct 6, 2026.
• The J.J. Astor shares were issued without a Rule 144 restrictive legend pursuant to a legal opinion received by the company and its transfer agent.
• The filing includes a press release dated Oct 9, 2026 announcing the non-binding LOI to acquire Direct Midstream, LLC.

Why it may matter This report was filed as Item 3.02 (unregistered sales of equity securities), which covers the issuance of shares upon conversion of the convertible note, and Item 7.01 (regulation FD disclosure), which covers the press release about the non-binding LOI. The filing does not show why the insider traded or why the company acted.