Phil E. Mulacek - 24 Sep 2025 Form 4/A - Amendment Insider Report for EMPIRE PETROLEUM CORP (EP)

Role: Director, 10%+ Owner
Signature: /s/ Phil E. Mulacek
Issuer symbol: EP
Transactions as of: 24 Sep 2025
Transactions value $: $4,000,000
Form type: 4/A - Amendment
Filing time: 07 Nov 2025, 19:05:30 UTC
Date Of Original Report: 26 Sep 2025
Previous filing: 17 Sep 2025
Next filing: 23 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Mulacek Phil E	Director, 10%+ Owner	25025 I 45 NORTH, SUITE 420, THE WOODLANDS	/s/ Phil E. Mulacek	07 Nov 2025	0001670677

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	Convertible Note Due 2027	Award	$4M				$4M	24 Sep 2025	Common Stock	463K	$4.32	Direct	F1
transaction	EP	Common Stock Warrant (Right to Buy)	Award	$0	+139K		$0.00	139K	24 Sep 2025	Common Stock	139K	$4.32	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The Convertible Note was amended on November 5, 2025 to increase the conversion price from $4.27 to $4.32, and to provide that the conversion price of $4.32 only applies to the first $2,000,000 already advanced under the Convertible Note. Excludes shares issuable at the election of the Reporting Person upon conversion of any additional advances under the Convertible Note based upon a floating conversion price as set forth in the Convertible Note, as amended.
F2	The Warrant was amended on November 5, 2025 to (a) increase the exercise price of the Warrant from $4.27 to $4.32 and (b) reduce the number of shares of common stock of the Issuer underlying the Warrant from 281,030 to 138,889.
F3	The Warrant becomes exercisable on the date the NYSE American stock exchange approves a supplemental listing application relating to the shares of common stock of the Issuer underlying the Warrant.