Robert J. Bailey - 15 Jan 2025 Form 4 Insider Report for HOUSTON AMERICAN ENERGY CORP (HUSA)

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	HUSA	Stock Option (right to buy)	Award	$24,450	+15,000		$1.63	15,000	15 Jan 2025	Common Stock	15,000	$1.63	Direct	F1, F2

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

Id	Content
F1	On January 15, 2025, the reporting person received a grant of 15,000 options to acquire a number of shares of the Company's common stock at the fair market value of the date of the grant, which was $1.63 per share (the trading price for the last business day before the grant date).
F2	The options were granted on January 15, 2025 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant.