Phil E. Mulacek - Jun 29, 2022 Form 4/A - Amendment Insider Report for EMPIRE PETROLEUM CORP (EP)

Role: Director, 10%+ Owner
Signature: /s/ Phil E. Mulacek
Stock symbol: EP
Transactions as of: Jun 29, 2022
Transactions value $: $437,573
Form type: 4/A - Amendment
Date filed: 8/31/2022, 02:33 PM
Date Of Original Report: Jul 1, 2022
Previous filing: Jun 13, 2022
Next filing: Sep 20, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EP	Common Stock	Purchase	$180K	+17.1K	+0.79%	$10.56	2.18M	Jun 29, 2022	Direct	F1
transaction	EP	Common Stock	Purchase	$19.8K	+1.85K	+0.09%	$10.71	2.18M	Jun 29, 2022	Direct	F1
transaction	EP	Common Stock	Purchase	$490K	+42.2K	+1.94%	$11.61	2.22M	Jun 30, 2022	Direct	F1
transaction	EP	Common Stock	Purchase	$3.76K	+345	+0.02%	$10.90	2.22M	Jun 30, 2022	Direct	F1
transaction	EP	Common Stock	Purchase	$64.80	+6	+0%	$10.80	2.22M	Jun 30, 2022	Direct	F1
transaction	EP	Common Stock	Purchase	$20.4K	+1.91K	+0.09%	$10.67	2.22M	Jun 30, 2022	Direct	F1
transaction	EP	Common Stock	Exercise of in-the-money or at-the-money derivative security	$30K	+15K	+4.56%	$2.00^*	344K	Jun 30, 2022	By Five Sterling LP	F1
holding	EP	Common Stock						425K	Jun 29, 2022	By Petroleum Independent & Exploration LLC	F1
holding	EP	Common Stock						379K	Jun 29, 2022	By Big Red Revocable Trust	F1
holding	EP	Common Stock						30K	Jun 29, 2022	By spouse	F1

Showing 1 to 10 of 10 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EP	Common Stock Warrant (Right to Buy)	Other	-$197K	-74.5K	-74.87%	$2.64	25K	Jun 30, 2022	Common Stock	74.5K	$2.00	By Petroleum Independent & Exploration LLC	F2
transaction	EP	Common Stock Warrant (Right to Buy)	Other	-$60K	-15K	-60%	$4.00	10K	Jun 30, 2022	Common Stock	15K	$2.00	By Petroleum Independent & Exploration LLC	F2
transaction	EP	Common Stock Warrant (Right to Buy)	Other	-$30K	-10K	-100%	$3.00	0	Jun 30, 2022	Common Stock	10K	$2.00	By Petroleum Independent & Exploration LLC	F2
transaction	EP	Common Stock Warrant (Right to Buy)	Other	-$19.8K	-7.5K	-100%	$2.64	0	Jun 30, 2022	Common Stock	7.5K	$2.00	By Big Red Revocable Trust	F2
transaction	EP	Common Stock Warrant (Right to Buy)	Exercise of in-the-money or at-the-money derivative security	$0	-15K	-100%	$0.00^*	0	Jun 30, 2022	Common Stock	15K	$2.00	By Five Sterling LP

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022.
F2	Assigned to personnel working on issuer matters to incentivize such personnel at prices materially below market value.