Evolution Petroleum (EPM) director DiPaolo awarded 24,214 restricted shares

Q: What insider transaction was reported for Evolution Petroleum (EPM)?

The filing reports that director Edward J. DiPaolo received an award of 24,214 shares of Evolution Petroleum common stock as restricted stock granted on 12/04/2025 .

Q: At what price were the Evolution Petroleum (EPM) shares granted to the director?

The 24,214 restricted shares of Evolution Petroleum common stock were reported with a price of $0 , indicating a compensatory equity grant rather than a market purchase.

Q: What is Edward J. DiPaolo’s total beneficial ownership in Evolution Petroleum (EPM) after this transaction?

After the reported grant, Edward J. DiPaolo beneficially owned 338,837 shares of Evolution Petroleum common stock, held in direct ownership.

Q: Is the Evolution Petroleum (EPM) stock award immediately vested?

No. The filing states that the 24,214 restricted shares were awarded as restricted stock subject to vesting under the company’s equity incentive plan.

Q: What is Edward J. DiPaolo’s role at Evolution Petroleum (EPM)?

The filing identifies Edward J. DiPaolo as a director of Evolution Petroleum Corp.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Evolution Petroleum CorpEdward J. DiPaolo received an equity grant in the form of restricted common stock. On 12/04/2025, he was awarded 24,214 shares of common stock at a stated price of $0, reflecting a compensatory grant rather than an open-market purchase. The award was made under the company’s Amended and Restated 2016 Equity Incentive Plan and is subject to vesting conditions.

Following this grant, DiPaolo beneficially owned 338,837 shares of Evolution Petroleum common stock in direct ownership. This filing documents an increase in his equity stake tied to the company’s long-term incentive program.

Positive

None.

Negative

None.

Insider Trade Summary

Net Buyer: 24,214 shares

Net Buy 1 txn

Insider DiPaolo Edward John

Role Director

Type Security Shares Price Value

Grant/Award Common Stock 24,214 $0.00 $0.00

Holdings After Transaction: Common Stock — 338,837 shares (Direct)

Footnotes (1)

F1. Award of Restricted Stock pursuant to Company's Amended and Restated 2016 Equity Incentive Plan, subject to vesting.

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Accepted by SEC EDGAR 12/08/2025 - 04:15 PM Learn about SEC filing dates

FAQ

What insider transaction was reported for Evolution Petroleum (EPM)?

The filing reports that director Edward J. DiPaolo received an award of 24,214 shares of Evolution Petroleum common stock as restricted stock granted on 12/04/2025.

At what price were the Evolution Petroleum (EPM) shares granted to the director?

The 24,214 restricted shares of Evolution Petroleum common stock were reported with a price of $0, indicating a compensatory equity grant rather than a market purchase.

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

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

What is Edward J. DiPaolo’s total beneficial ownership in Evolution Petroleum (EPM) after this transaction?

After the reported grant, Edward J. DiPaolo beneficially owned 338,837 shares of Evolution Petroleum common stock, held in direct ownership.

Is the Evolution Petroleum (EPM) stock award immediately vested?

No. The filing states that the 24,214 restricted shares were awarded as restricted stock subject to vesting under the company’s equity incentive plan.

What is Edward J. DiPaolo’s role at Evolution Petroleum (EPM)?

The filing identifies Edward J. DiPaolo as a director of Evolution Petroleum Corp.

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

Estimated average burden

hours per response: 0.5

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^*
DiPaolo Edward John

(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 $0 338,837 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/ EDWARD J. DIPAOLO 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.

Source: View Original Filing on SEC EDGAR

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/04/2025		A		24,214⁽¹⁾	A	$0	338,837	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

	/s/ EDWARD J. DIPAOLO	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.