Evolution Petroleum (EPM) director awarded 24,214 restricted shares under equity plan

Rhea-AI Filing Summary

Evolution Petroleum Corp. (EPM) reported an insider equity award to one of its directors. On 12/04/2025, the director received 24,214 shares of common stock coded as an acquisition at a stated price of $0, reflecting a restricted stock award rather than an open-market purchase.

After this grant, the reporting person beneficially owns 86,122 shares of Evolution Petroleum common stock in direct form. The filing notes that the shares were granted as restricted stock under the company’s Amended and Restated 2016 Equity Incentive Plan and are subject to vesting conditions, meaning the director fully earns the shares over time rather than immediately.

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^*

Bierria Myra C

(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	86,122	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/ MYRA C. BIERRIA	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 filing reports that a director of Evolution Petroleum Corp. (EPM) acquired 24,214 shares of common stock on 12/04/2025 as a restricted stock award.

Was the Evolution Petroleum (EPM) insider transaction a purchase for cash?

No. The Form 4 shows the 24,214 shares with a transaction code of acquisition at a reported price of $0, indicating a restricted stock grant rather than a cash open-market purchase.

How many Evolution Petroleum (EPM) shares does the reporting person own after this grant?

Following the reported transaction, the director beneficially owns 86,122 shares of Evolution Petroleum common stock, held in direct ownership.

Under which plan were the Evolution Petroleum (EPM) restricted shares granted?

The 24,214 restricted shares were awarded under Evolution Petroleum’s Amended and Restated 2016 Equity Incentive Plan, as stated in the explanation of responses.

Are the new Evolution Petroleum (EPM) shares immediately vested for the director?

No. The filing explains that the restricted stock award is subject to vesting, meaning the director earns full rights to the shares over time according to the plan terms.

What is the relationship of the reporting person to Evolution Petroleum Corp (EPM)?

The Form 4 identifies the reporting person as a director of Evolution Petroleum Corp.