Empire Petroleum director reports insider purchases of common stock

Empire Petroleum Corp director and 10% owner Phil E. Mulacek reported open-market purchases of the company’s common stock.

Rhea-AI Filing Summary

Empire Petroleum Corp director and 10% owner Phil E. Mulacek reported open-market purchases of the company’s common stock. On 12/31/2025, he bought 5,000 shares at $3 per share and 732 shares at $2.95 per share. On 01/02/2026, he purchased an additional 1,068 shares at $3 per share. After these transactions, he directly held 6,173,732 common shares and also reported indirect ownership of additional shares through several entities and a spouse.

Insider Trade Summary

Net Buyer: 6,800 shares

Net Buy 7 txns

Insider Mulacek Phil E

Role Director, 10% Owner

Bought 6,800 shs ($20K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,068	$3.00	$3K
Purchase	Common Stock	5,000	$3.00	$15K
Purchase	Common Stock	732	$2.95	$2K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,173,732 shares (Direct); Common Stock — 817,262 shares (Indirect, By Petroleum Independent & Exploration LLC); Common Stock — 526,300 shares (Indirect, By Big Red Revocable Trust); Common Stock — 485,202 shares (Indirect, By Five Sterling LP); Common Stock — 42,833 shares (Indirect, By spouse)

FAQ

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

What insider activity did Phil E. Mulacek report for Empire Petroleum Corp (EP)?

Phil E. Mulacek, a director and 10% owner of Empire Petroleum Corp, reported buying the company’s common stock in three transactions on 12/31/2025 and 01/02/2026.

How many Empire Petroleum (EP) shares did the insider buy and at what prices?

He purchased 5,000 shares at $3, 732 shares at $2.95, and 1,068 shares at $3 per share.

How many Empire Petroleum (EP) shares does Phil E. Mulacek own directly after these trades?

Following the reported transactions, he directly owned 6,173,732 shares of Empire Petroleum common stock.

What indirect holdings in Empire Petroleum (EP) were reported by the insider?

He reported indirect ownership of common stock through Petroleum Independent & Exploration LLC (817,262 shares), Big Red Revocable Trust (526,300 shares), Five Sterling LP (485,202 shares), and his spouse (42,833 shares).

What is Phil E. Mulacek’s relationship to Empire Petroleum Corp (EP)?

He is reported as a director of Empire Petroleum Corp and also a 10% owner of the company’s equity securities.

On what dates were the Empire Petroleum (EP) insider share purchases made?

The reported purchases of Empire Petroleum common stock occurred on 12/31/2025 and 01/02/2026.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 01/05/2026 - 05:22 PM Learn about SEC filing dates

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^*

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)
12/31/2025

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	12/31/2025		P		5,000	A	$3	6,171,932	D
Common Stock	12/31/2025		P		732	A	$2.95	6,172,664	D
Common Stock	01/02/2026		P		1,068	A	$3	6,173,732	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:

	/s/ Phil E. Mulacek	01/05/2026
	** 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.