Empire Petroleum CEO receives 16,609 shares

EMPIRE PETROLEUM CORP President & CEO Michael R. Morrisett reported an internal restructuring-type transaction involving the company’s common stock.

Rhea-AI Filing Summary

EMPIRE PETROLEUM CORP President & CEO Michael R. Morrisett reported an internal restructuring-type transaction involving the company’s common stock. A fund made an in-kind distribution that transferred 16,609 shares of Empire Petroleum common stock to Morrisett for no cash consideration. Following this distribution, he directly holds 362,697 common shares, indicating the event was a relatively small, non-market change in his overall ownership rather than an open-market trade.

Insider Trade Summary

Other: 16,609 shares

Other 1 txn

Insider Morrisett Michael R.

Role President & CEO

Type	Security	Shares	Price	Value
Other	Common Stock	16,609	$0.00	$0.00

Holdings After Transaction: Common Stock — 362,697 shares (Direct)

Footnotes (1)

1. F1. A fund made an in-kind distribution of shares of the Issuer to certain of its investors, including the reporting person, for no consideration.

Key Figures

In-kind distribution shares: 16,609 shares Post-transaction holdings: 362,697 shares

2 metrics

In-kind distribution shares 16,609 shares Common Stock received in restructuring-type transaction

Post-transaction holdings 362,697 shares Direct common stock owned after transaction

Key Terms

in-kind distribution, Form 4, other acquisition or disposition, Common Stock

4 terms

in-kind distribution financial

"A fund made an in-kind distribution of shares of the Issuer"

A distribution of value to shareholders or beneficiaries made by transferring assets instead of paying cash, such as shares, bonds, or property. Like receiving a box of goods rather than money, it changes what you hold rather than adding liquid funds; investors care because it affects a portfolio’s composition, liquidity, tax reporting, and cost basis for the received assets.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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.

other acquisition or disposition financial

"transaction_code_description: "Other acquisition or disposition""

Common Stock financial

"security_title: "Common Stock""

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 insider transaction did Empire Petroleum (EP) CEO Michael R. Morrisett report?

Michael R. Morrisett reported an internal restructuring-type transaction on Empire Petroleum common stock. A fund made an in-kind distribution that transferred 16,609 shares of the company to him, recorded as an “other” transaction rather than a market purchase or sale.

How many Empire Petroleum (EP) shares did Michael R. Morrisett receive in this Form 4 filing?

The filing shows Michael R. Morrisett received 16,609 shares of Empire Petroleum common stock. These shares came from an in-kind distribution by a fund to its investors, including him, and were transferred for no cash consideration according to the footnote disclosure.

What are Michael R. Morrisett’s Empire Petroleum (EP) holdings after the reported transaction?

After the transaction, Michael R. Morrisett directly holds 362,697 shares of Empire Petroleum common stock. This post-transaction figure in the Form 4 helps investors gauge the scale of the restructuring event relative to his overall direct ownership position in the company.

Was the Empire Petroleum (EP) CEO’s Form 4 transaction an open-market buy or sell?

The transaction was not an open-market buy or sell. It is coded as “J” and described as an “other acquisition or disposition,” reflecting an in-kind distribution from a fund to investors, including the CEO, with no cash changing hands in the transaction.

What does the in-kind distribution in Empire Petroleum (EP) CEO’s filing mean?

An in-kind distribution means a fund distributed actual Empire Petroleum shares directly to its investors instead of cash. In this case, the fund transferred 16,609 shares to Michael R. Morrisett for no consideration, changing how he holds shares without a market trade occurring.

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

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Accepted by SEC EDGAR 07/07/2026 - 04:25 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^*

Morrisett Michael R.

(Last) (First) (Middle)

2200 S. UTICA PLACE

SUITE 150

(Street)

TULSA OKLAHOMA 74114

(City) (State) (Zip)

UNITED STATES

(Country)

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		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

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	07/02/2026		J(1)		16,609	A	$0	362,697	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. A fund made an in-kind distribution of shares of the Issuer to certain of its investors, including the reporting person, for no consideration.

	/s/ Michael R. Morrisett	07/07/2026
	** 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)