Empire Petroleum Corporation filings document the disclosure record for a NYSE American-listed oil and gas producer with common stock registered under the Exchange Act. Recent Form 8-K reports cover financial and operating results, material agreements such as an at-the-market common stock sales agreement, registered rights offering updates, and participation in oil and natural gas development activity.
Its proxy materials address board elections, auditor ratification, executive compensation voting, equity incentive plan approval, and board oversight of strategy, capital allocation and risk management. The filing record also identifies the company's common stock, par value and exchange listing, linking governance and capital-structure disclosures to its oil and gas operations.
Empire Petroleum (EP) insider activity: President & CEO Michael R. Morrisett reported an open-market sale of 187,084 shares of common stock at $3.77 on 11/05/2025. Following the sale, he beneficially owns 346,088 shares directly.
He also disposed of employee stock options covering 589,100 shares, priced at $1.519 per option, with an exercise price of $1.32 and an expiration of 04/02/2029, leaving 0 derivative securities held after the transaction. Option figures are adjusted for the company’s 1-for-4 reverse stock split effective March 7, 2022.
Empire Petroleum (EP) reported insider share purchases by a director and 10% owner. On 10/20/2025, the reporting person purchased 8,190 shares of common stock at a weighted average price of $3.5754. On 10/22/2025, they purchased an additional 4,000 shares at $3.75.
Following these transactions, the filing lists 5,375,015 shares held directly. It also shows indirect beneficial ownership interests of 817,262 shares by Petroleum Independent & Exploration LLC, 526,300 by Big Red Revocable Trust, 485,202 by Five Sterling LP, and 42,833 by the reporting person’s spouse.
Phil E. Mulacek, a director and 10% owner of Empire Petroleum Corp (EP), reported two transactions dated 09/24/2025. He acquired a $4,000,000 convertible note due 09/23/2027 that is convertible into 936,768 shares of common stock at a conversion price of $4.27 per share (the per-share price is the five-day volume-weighted average preceding 09/24/2025). He also received a warrant to purchase 281,030 shares exercisable at $4.27 with an expiration date of 09/24/2028; the warrant becomes exercisable when the NYSE American approves a supplemental listing application for the underlying shares. Both holdings are reported as direct beneficial ownership. The Form 4 was signed 09/26/2025.
Empire Petroleum Corporation entered into a $4,000,000 promissory note with Phil E. Mulacek on September 24, 2025. As of September 25, 2025, $2,000,000 has been advanced, with up to an additional $2,000,000 available for six months beginning March 23, 2026, if no event of default has occurred. The note bears 5.5% annual interest, rising to 9% on any unpaid principal after the September 23, 2027 maturity date, with scheduled cash interest payments through 2027.
The note is convertible at Mr. Mulacek’s option into common stock at $4.27 per share, and if fully drawn and converted, 936,768 shares would be issued. As partial consideration for the commitment, Mr. Mulacek received a three-year warrant to purchase 281,030 shares at $4.27 per share, which becomes exercisable after NYSE American approves a supplemental listing for the underlying and warrant shares. The company plans to use the proceeds to help fund its oil and gas drilling program and for working capital, and relied on a private offering exemption under Section 4(a)(2) of the Securities Act.
Phil E. Mulacek, a director and reported 10% owner of Empire Petroleum Corp (EP), purchased additional common stock across three trading days on 09/15/2025, 09/16/2025 and 09/17/2025. The reported purchases were 9,648 shares at a weighted average price of $3.9775, 6,689 shares at $4.0317 and 20,609 shares at $4.0426, bringing his direct beneficial ownership to 5,362,825 shares. The filing also discloses indirect holdings attributed to related entities: 817,262 shares held by Petroleum Independent & Exploration LLC, 526,300 by Big Red Revocable Trust, 485,202 by Five Sterling LP and 42,833 by his spouse. Footnotes state each reported price is a weighted average from multiple transactions within specified price ranges.
Phil E. Mulacek, a director and reported 10% owner of Empire Petroleum Corp (EP), purchased additional common stock on three dates, increasing his direct holdings to 5,325,879 shares. The Form 4 shows purchases on 09/10/2025 (7,012 shares at a weighted average $4.0914), 09/11/2025 (2,971 shares at a weighted average $4.1014) and 09/12/2025 (6,000 shares at a weighted average $4.08). The filing also discloses indirect holdings of 817,262 shares by Petroleum Independent & Exploration LLC, 526,300 shares by Big Red Revocable Trust, 485,202 shares by Five Sterling LP and 42,833 shares by his spouse. The reporting person certified the transactions with a signature dated 09/15/2025.