VAALCO CEO has 39,934 shares withheld for taxes

VAALCO Energy Chief Executive Officer George W.M.

Accepted by SEC EDGAR 06/10/2026 - 07:12 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

VAALCO Energy Chief Executive Officer George W.M. Maxwell reported routine tax-related share dispositions tied to restricted stock vesting. On 2026-06-08, a total of 39,934 shares of common stock were withheld at $5.53 per share to satisfy tax withholding obligations, rather than sold in the open market. After these transactions, he continues to directly hold more than 1.1 million VAALCO Energy shares, so the filing reflects a compensation and tax event rather than a change in investment stance.

Insider Trade Summary

Exercise Price or Tax Liability: 39,934 shares

Exercise Price or Tax Liability 2 txns

Insider Maxwell George W.M.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	23,525	$5.53	$130K
Exercise Price or Tax Liability	Common Stock	16,409	$5.53	$91K

Holdings After Transaction: Common Stock — 1,148,142 shares (Direct)

Footnotes (1)

1. F1. Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.

Key Figures

Tax-withheld shares (lot 1): 16,409 shares Tax-withheld shares (lot 2): 23,525 shares Total tax-withheld shares: 39,934 shares +3 more

6 metrics

Tax-withheld shares (lot 1) 16,409 shares Code F tax-withholding disposition on 2026-06-08 at $5.53/share

Tax-withheld shares (lot 2) 23,525 shares Code F tax-withholding disposition on 2026-06-08 at $5.53/share

Total tax-withheld shares 39,934 shares Sum of F-code tax-withholding dispositions on 2026-06-08

Price per share for withholding $5.53 per share Valuation used for both F-code tax-withholding transactions

Post-transaction holdings (line 1) 1,148,142 shares Directly owned common stock reported after one withholding entry

Post-transaction holdings (line 2) 1,164,551 shares Directly owned common stock reported after the other entry

Key Terms

tax-withholding disposition, restricted stock, Form 4, Common Stock

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for both common stock entries"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted stock financial

"footnote: "upon vesting of restricted stock" describing the withheld shares"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) describing the insider transaction report"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock financial

"security_title: "Common Stock" for each non-derivative transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did VAALCO Energy (EGY) CEO report in this Form 4 filing?

VAALCO Energy’s CEO reported share dispositions solely to cover taxes on restricted stock vesting. The company withheld 39,934 shares of common stock at $5.53 per share, a routine compensation-related event rather than an open-market trade or change in investment position.

How many VAALCO Energy (EGY) shares were withheld for taxes?

A total of 39,934 VAALCO Energy common shares were withheld for tax obligations. The shares were valued at $5.53 each, according to the filing, and were used to satisfy tax liabilities triggered by the vesting of restricted stock awards.

Was the VAALCO Energy (EGY) CEO’s Form 4 a stock sale in the market?

No, the Form 4 does not show an open-market stock sale by the CEO. It reports an F-code tax-withholding disposition, where 39,934 vested shares were delivered back to the company to cover withholding taxes on restricted stock, a standard administrative transaction.

How many VAALCO Energy (EGY) shares does the CEO hold after these transactions?

After the tax-withholding transactions, the CEO continues to directly own more than 1.1 million VAALCO Energy shares. The filing reports post-transaction holdings figures above 1.14 million shares, indicating he retains a substantial equity stake in the company.

What does transaction code F mean in the VAALCO Energy (EGY) Form 4?

Transaction code F indicates a tax-withholding disposition, not a voluntary buy or sell. In this case, shares from vested restricted stock were surrendered to satisfy tax liabilities, as explicitly described in the filing’s footnote about tax withholding obligations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Maxwell George W.M.

(Last) (First) (Middle)

2500 CITYWEST BLVD.,

SUITE 400

(Street)

HOUSTON TEXAS 77042

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VAALCO ENERGY INC /DE/ [ EGY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/08/2026		F		23,525(1)	D	$5.53	1,164,551	D
Common Stock	06/08/2026		F		16,409(1)	D	$5.53	1,148,142	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.

	/s/ George Maxwell by Matthew Powers as attorney-in-fact	06/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)