Restricted stock lapses for Evolution Petroleum (EPM) chief accounting officer

Rhea-AI Filing Summary

Evolution Petroleum Corp's chief accounting officer, Kelly Beatty, reported a disposition of 5,891 shares of Common Stock on June 30, 2026. The filing explains these were shares of restricted stock that expired because the related performance goals were not achieved, and they reverted to the issuer at no value. After this forfeiture, Beatty directly holds 71,739 shares of the company’s common stock, indicating the change is a small adjustment to an existing equity compensation position rather than an open-market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Beatty Kelly

Role CHIEF ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Disposition	Common Stock	5,891	$0.00	--

Holdings After Transaction: Common Stock — 71,739 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares disposed: 5,891 shares Shares held after transaction: 71,739 shares Transaction price: $0.00 per share

3 metrics

Shares disposed 5,891 shares Restricted stock forfeited to issuer on June 30, 2026

Shares held after transaction 71,739 shares Direct common stock holdings following disposition

Transaction price $0.00 per share Restricted shares expired and were returned to issuer

Key Terms

Restricted Stock, Disposition to issuer, Common Stock, performance goals

4 terms

Restricted Stock financial

"Shares of Restricted Stock that expired without the performance goals being achieved."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Disposition to issuer financial

"transaction_code_description: Disposition to issuer"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

performance goals financial

"expired without the performance goals being achieved"

Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:17 PM Accepted by SEC EDGAR 07/02/2026 - 04:15 PM Learn about SEC filing dates

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^*

Beatty Kelly

(Last) (First) (Middle)

1155 DAIRY ASHFORD ROAD

SUITE 425

(Street)

HOUSTON TEXAS 77079

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	CHIEF ACCOUNTING OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/30/2026		D(1)		5,891	D	$0	71,739	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. Shares of Restricted Stock that expired without the performance goals being achieved.

	/s/ KELLY BEATTY	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Evolution Petroleum (EPM) report for Kelly Beatty?

Evolution Petroleum reported that chief accounting officer Kelly Beatty disposed of 5,891 shares of Common Stock. These were restricted shares that expired when performance goals were not met and were returned to the issuer at no cash value.

Was Kelly Beatty’s Evolution Petroleum (EPM) transaction an open-market sale?

No, the transaction was a disposition to the issuer, not an open-market sale. The 5,891 shares were restricted stock that expired because performance conditions were not achieved, and therefore reverted to the company without proceeds.

How many Evolution Petroleum (EPM) shares does Kelly Beatty hold after this Form 4?

After the reported transaction, Kelly Beatty holds 71,739 shares of Evolution Petroleum common stock directly. This remaining position shows the forfeited 5,891 restricted shares were a relatively small portion of her overall equity holdings.

Why did Kelly Beatty’s restricted Evolution Petroleum (EPM) shares expire?

The footnote explains the 5,891 shares were restricted stock that expired because the specified performance goals were not achieved. When those conditions were not met, the shares lapsed and were returned to the issuer, consistent with the award’s terms.

What does the transaction code “D” mean in the Evolution Petroleum (EPM) Form 4?

In this Form 4, transaction code “D” indicates a disposition to the issuer. It reflects that 5,891 restricted shares held by Kelly Beatty were forfeited back to Evolution Petroleum after performance conditions on the award were not satisfied.