Empire Petroleum (EP) director and 10% owner reports 7,223-share stock purchase

Rhea-AI Filing Summary

Empire Petroleum Corp director and 10% owner Phil E. Mulacek reported buying 7,223 shares of common stock on December 2, 2025. The purchase was an open-market transaction at a weighted average price of $2.9985 per share, with individual trade prices ranging from $2.97 to $3.00.

After this transaction, Mulacek beneficially owns 6,161,481 shares directly. He also reports indirect ownership of additional Empire Petroleum shares through several entities and relationships, including 817,262 shares held by Petroleum Independent & Exploration LLC, 526,300 shares held by Big Red Revocable Trust, 485,202 shares held by Five Sterling LP, and 42,833 shares held by his spouse.

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

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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^*

Mulacek Phil E

(Last) (First) (Middle)

25025 I 45 NORTH

SUITE 420

(Street)

THE WOODLANDS TX 77380

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EMPIRE PETROLEUM CORP [ EP ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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

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

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

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	12/02/2025		P		7,223	A	$2.9985(1)	6,161,481	D
Common Stock								817,262	I	By Petroleum Independent & Exploration LLC
Common Stock								526,300	I	By Big Red Revocable Trust
Common Stock								485,202	I	By Five Sterling LP
Common Stock								42,833	I	By spouse

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. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.97 to $3.00, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

	/s/ Phil E. Mulacek	12/05/2025
	** 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.

FAQ

What insider transaction did Empire Petroleum (EP) disclose in this Form 4?

The filing reports that Phil E. Mulacek, a director and 10% owner of Empire Petroleum Corp, purchased 7,223 shares of common stock in an open-market transaction on December 2, 2025.

At what price were the Empire Petroleum (EP) shares purchased?

The 7,223 shares were bought at a weighted average price of $2.9985 per share, with individual trades executed at prices between $2.97 and $3.00, inclusive.

How many Empire Petroleum (EP) shares does Phil E. Mulacek own after this transaction?

Following the reported purchase, Phil E. Mulacek directly owns 6,161,481 Empire Petroleum common shares. He also reports indirect ownership through various entities and a spouse.

What indirect holdings of Empire Petroleum (EP) stock are reported for Phil E. Mulacek?

Indirect beneficial ownership includes 817,262 shares held by Petroleum Independent & Exploration LLC, 526,300 shares held by Big Red Revocable Trust, 485,202 shares held by Five Sterling LP, and 42,833 shares held by his spouse.

What is the role of Phil E. Mulacek at Empire Petroleum (EP)?

Phil E. Mulacek is identified as a Director of Empire Petroleum Corp and also as a 10% Owner based on his reported beneficial holdings.

Does this Form 4 include any derivative securities for Empire Petroleum (EP)?

The disclosure includes a table for derivative securities, but no specific derivative transactions or holdings are reported in the provided excerpt.