Evolution Petroleum (EPM) director reports 24,214-share restricted stock award

Rhea-AI Filing Summary

Evolution Petroleum Corp. director reports stock award

A director of Evolution Petroleum Corp. (EPM)24,214 shares of common stock on 12/04/2025. The filing shows these shares were granted at a reported price of $0, reflecting that this is an equity award rather than an open-market purchase or sale.

After this grant, the director now beneficially owns 1,836,715 shares of Evolution Petroleum common stock in direct ownership. The award is described as restricted stock granted under the company’s Amended and Restated 2016 Equity Incentive Plan, and it is subject to vesting conditions, meaning the shares become fully owned over time as those conditions are met.

12/08/2025 - 04:15 PM

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

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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^*

Herlin Robert S

(Last) (First) (Middle)

1155 DAIRY ASHFORD ROAD

SUITE 425

(Street)

HOUSTON TX 77079

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EVOLUTION PETROLEUM CORP [ EPM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025

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	12/04/2025		A		24,214(1)	A	$0	1,836,715	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. Award of Restricted Stock pursuant to Company's Amended and Restated 2016 Equity Incentive Plan, subject to vesting.

	/s/ ROBERT S. HERLIN	12/08/2025
	** 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 Evolution Petroleum Corp. (EPM) report in this Form 4?

The Form 4 reports that a director of Evolution Petroleum Corp. (EPM) received an award of 24,214 shares of common stock on 12/04/2025 as a restricted stock grant.

Was the Evolution Petroleum (EPM) insider transaction a purchase, sale, or stock award?

The transaction was an award of restricted stock under the company’s Amended and Restated 2016 Equity Incentive Plan, not an open-market purchase or sale.

At what price were the Evolution Petroleum (EPM) restricted shares reported in the Form 4?

The 24,214 restricted shares were reported with a price of $0, which is typical for equity awards granted as compensation rather than bought in the market.

How many Evolution Petroleum (EPM) shares does the reporting director own after this award?

Following the reported transaction, the director beneficially owns 1,836,715 shares of Evolution Petroleum common stock in direct ownership.

What plan governs the restricted stock award reported for Evolution Petroleum (EPM)?

The restricted stock was awarded pursuant to Evolution Petroleum’s Amended and Restated 2016 Equity Incentive Plan and is subject to vesting conditions.

What is the reporting person’s relationship to Evolution Petroleum Corp. (EPM)?

The reporting person is identified as a director of Evolution Petroleum Corp., as indicated in the relationship section of the Form 4.