Evolution Petroleum (EPM) CAO Kelly Beatty Forfeits 5,891 Restricted Shares

What Happened

• Kelly Beatty, Chief Accounting Officer of Evolution Petroleum Corp. (EPM), had 5,891 shares disposed to the issuer on 2026-06-30. The transaction shows a price of $0.00 and total proceeds of $0.00 — these shares expired/forfeited rather than being sold for cash (Footnote F1: restricted stock expired without performance goals being achieved). This is a forfeiture/expiration, not a market sale or purchase.

Key Details

• Transaction date: 2026-06-30; reported filing date: 2026-07-02 (timely).
• Transaction type/code: Disposition to issuer (D); price reported $0.00; total value $0.
• Shares affected: 5,891 restricted shares forfeited/expired.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: F1 — restricted stock expired because performance goals were not met.
• Filing timeliness: appears timely (filed within standard Form 4 reporting window).

Context

• For retail investors: forfeiture of restricted shares due to unmet performance conditions is an administrative outcome of equity awards, not a sale that generates cash proceeds. Such forfeitures don't signal insider buying or selling intent; they're simply the result of grant terms not being met.