Evolution Petroleum (EPM) Insider Award Raises Holding to 306,897 Shares

Rhea-AI Filing Summary

Ryan Stash, SVP & CFO of Evolution Petroleum Corp (EPM) reported a grant of 53,419 shares of common stock on 09/18/2025 under the company’s Amended and Restated 2016 Equity Incentive Plan. The award is restricted stock subject to vesting terms and performance goals and was granted at no cash price ($0). After the award, the reporting person beneficially owns 306,897 shares. The filing is a Form 4 disclosing an insider equity award rather than an open-market purchase or sale.

Positive

• 53,419 restricted shares were granted to the SVP & CFO, showing an increase in disclosed insider holdings
• Reporting person’s total beneficial ownership after the grant is 306,897 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider received a sizeable restricted share award, increasing reported beneficial ownership to 306,897 shares; award is subject to vesting and performance criteria.

The grant of 53,419 restricted shares to the SVP & CFO increases disclosed insider holdings and represents a compensation event rather than an immediate liquidity event. Because the shares are restricted and tied to vesting and performance goals, the economic impact depends on future achievement of those goals and vesting schedule details not included in this filing. This disclosure is routine for executive compensation and does not by itself change outstanding share counts or indicate market transactions.

Corporate Governance Expert

TL;DR: Awarded restricted stock is a standard governance practice to align management incentives; materiality depends on vesting and performance specifics.

The Form 4 documents an equity compensation award under the company’s 2016 Equity Incentive Plan. Such awards are commonly used to align executive incentives with shareholder interests. Key governance details—vesting schedule, performance metrics, and acceleration provisions—are referenced but not disclosed here, limiting assessment of potential dilution timing or incentive alignment strength.

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
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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^*

Stash Ryan

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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	09/18/2025		A		53,419(1)	A	$0	306,897	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 terms and performance goals.

	/s/ RYAN STASH	09/22/2025
	** 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 transaction did Evolution Petroleum Corp (EPM) insider Ryan Stash report on Form 4?

The Form 4 reports a grant of 53,419 restricted shares of common stock on 09/18/2025 under the company’s 2016 Equity Incentive Plan.

How many shares does Ryan Stash beneficially own after the reported transaction?

After the award, Ryan Stash beneficially owns 306,897 shares.

Was the reported transaction a purchase, sale, or award?

The filing indicates an award of restricted stock (transaction code A) granted at a $0 price, not an open-market purchase or sale.

Are the awarded shares immediately transferable or fully vested?

No; the filing states the shares are restricted and subject to vesting terms and performance goals, so they are not immediately vested or freely transferable.

What role does the reporting person hold at EPM?

The reporting person, Ryan Stash, is identified as SVP & CFO of Evolution Petroleum Corp.