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

Rhea-AI Filing Summary

Evolution Petroleum Corp. director equity grant reported

A director of Evolution Petroleum Corp. (EPM) reported receiving an award of 24,214 shares of common stock on 12/04/2025. The shares were granted at a stated price of $0, reflecting an equity compensation award rather than an open-market purchase. Following this transaction, the director beneficially owns 264,224 shares of Evolution Petroleum common stock in direct ownership.

The filing explains that this grant is an award of restricted stock issued under the company’s Amended and Restated 2016 Equity Incentive Plan, and is subject to vesting conditions. This type of grant is a standard form of non-cash compensation used to align director interests with those of shareholders over time.

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^*

Dozier William

(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	264,224	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/ WILLIAM DOZIER	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 did Evolution Petroleum (EPM) report in this Form 4 filing?

The filing reports that a director of Evolution Petroleum Corp. (EPM) received an award of 24,214 shares of common stock as restricted stock granted on 12/04/2025 under the company’s Amended and Restated 2016 Equity Incentive Plan.

How many Evolution Petroleum (EPM) shares does the reporting person now beneficially own?

After the reported restricted stock award, the director beneficially owns 264,224 shares of Evolution Petroleum common stock, held in direct ownership.

Was the Evolution Petroleum (EPM) stock grant an open-market purchase?

No. The filing shows an acquisition of 24,214 shares of common stock at a price of $0, described as an award of restricted stock under the company’s equity incentive plan, rather than a market transaction.

What plan governed the restricted stock award at Evolution Petroleum (EPM)?

The restricted stock award was granted pursuant to Evolution Petroleum’s Amended and Restated 2016 Equity Incentive Plan, as noted in the explanation of responses.

What is the role of the reporting person at Evolution Petroleum (EPM)?

The reporting person is identified as a Director of Evolution Petroleum Corp., as indicated in the relationship section of the filing.

Is the restricted stock award to the Evolution Petroleum (EPM) director subject to vesting?

Yes. The explanation states that the 24,214-share grant is an award of restricted stock under the equity incentive plan and is subject to vesting.