Empire Petroleum director exercises rights for shares
Empire Petroleum director Mason H. Matschke exercised subscription rights in the company’s rights offering and acquired 5,402 shares of common stock at $2.99 per share.
Rhea-AI Filing Summary
Empire Petroleum director Mason H. Matschke exercised subscription rights in the company’s rights offering and acquired 5,402 shares of common stock at $2.99 per share. These shares came from exercising 40,864 subscription rights, including over-subscription rights described in the prospectus supplements.
Following the transactions, Matschke holds 418,748 common shares directly and an additional 382,904 common shares indirectly through the Elk Antelope Trust. No derivative subscription rights remain outstanding after this exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,864 shares exercised/converted
Exercise
3 txns
Insider
Matschke Mason H.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Subscription Rights (right to buy) | 40,864 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,402 | $2.99 | $16K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Subscription Rights (right to buy) — 0 contracts (Direct);
Common Stock — 418,748 shares (Direct);
Common Stock — 382,904 shares (Indirect, By Elk Antelope Trust)
Footnotes (3)
- F1. Represents shares of the Issuer's common stock purchased by the reporting person following the exercise of subscription rights, including over-subscription rights, pursuant to the Issuer's rights offering to holders of common stock, as described in the Issuer's prospectus supplement dated February 2, 2026, as supplemented by the Issuer's prospectus supplement dated February 25, 2026 (the "Rights Offering").
- F2. Represents the exercise price of $2.99 per whole share of common stock in the Rights Offering.
- F3. Each holder of common stock of record as of February 2, 2026 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.095 of a share of common stock, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.
Key Figures
Shares acquired: 5,402 shares
Exercise price: $2.99 per share
Subscription rights exercised: 40,864 rights
+3 more
6 metrics
Shares acquired
5,402 shares
Common stock acquired via rights exercise at $2.99 per share
Exercise price
$2.99 per share
Exercise price in Empire Petroleum rights offering
Subscription rights exercised
40,864 rights
Subscription rights, including over-subscription rights, exercised
Direct holdings after transaction
418,748 shares
Empire Petroleum common stock held directly by Matschke after exercise
Indirect holdings via trust
382,904 shares
Common stock held indirectly through Elk Antelope Trust
Basic subscription ratio
0.095 share per right
Each right entitled purchase of 0.095 share of common stock
Key Terms
Subscription Rights, Rights Offering, over-subscription rights, basic subscription right, +1 more
5 terms
Subscription Rights financial
"Represents shares of the Issuer's common stock purchased by the reporting person following the exercise of subscription rights, including over-subscription rights"
Subscription rights are short-term privileges given to existing shareholders to buy additional new shares before the general public, typically at a set price and in proportion to their current holdings. Think of it as getting a coupon for first dibs on extra slices of a pizza so your share of the pie doesn’t shrink; exercising them can be a cheaper way to maintain your ownership and voting power, while ignoring them can reduce your stake and potential future earnings.
Rights Offering financial
"pursuant to the Issuer's rights offering to holders of common stock, as described in the Issuer's prospectus supplement"
A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.
over-subscription rights financial
"Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering"
Over-subscription rights let current investors ask for extra shares beyond the amount they were initially offered in a company share sale, with the extras only issued if other buyers don’t take them. Think of it like reserving the option to buy extra tickets for a sold-out show if other people return theirs; for investors this can increase ownership at the same price and prevent dilution of their stake, or allow a greater share of a popular issue.
basic subscription right financial
"each right carried with it a basic subscription right, which entitled the holder to purchase 0.095 of a share of common stock"
indirect ownership financial
"total_shares_following_transaction: "382904.0000", direct_or_indirect: "I", nature_of_ownership: "By Elk Antelope Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EP director Mason H. Matschke report on this Form 4?
Mason H. Matschke reported exercising subscription rights in Empire Petroleum’s rights offering to acquire 5,402 shares of common stock at $2.99 per share. The shares were obtained by exercising rights, including over-subscription rights, issued to existing common stock holders.
What are subscription rights and over-subscription rights in EP’s rights offering?
In Empire Petroleum’s rights offering, each common share received one right, allowing purchase of 0.095 of a share via a basic subscription right. Holders who fully exercised basics could seek additional shares through over-subscription rights, allocated from any shares not purchased by other stockholders.
What role did the Elk Antelope Trust play in Matschke’s EP holdings?
The Elk Antelope Trust holds 382,904 shares of Empire Petroleum common stock attributed as Matschke’s indirect ownership. A holding entry in the Form 4 identifies these shares as owned “By Elk Antelope Trust,” separate from Matschke’s directly held shares.
How many subscription rights did Matschke exercise in the Empire Petroleum offering?
Matschke exercised 40,864 subscription rights in Empire Petroleum’s rights offering. These rights, including over-subscription rights, converted into 5,402 shares of common stock at an exercise price of $2.99 per share as described in the company’s prospectus supplements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
