Evolution Petroleum (EPM) CEO sees 52,595 restricted shares expire

Rhea-AI Filing Summary

Evolution Petroleum Corp reported that President and CEO Loyd Kelly William had 52,595 shares of restricted common stock expire because the performance goals were not achieved. These shares were returned to the company rather than sold. After this disposition to the issuer, he continues to hold 429,528 shares of common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Loyd Kelly William

Role PRESIDENT & CEO

Type	Security	Shares	Price	Value
Disposition	Common Stock	52,595	$0.00	--

Holdings After Transaction: Common Stock — 429,528 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted shares expired: 52,595 shares Shares held after transaction: 429,528 shares Transaction price per share: $0.0000

3 metrics

Restricted shares expired 52,595 shares Restricted common stock that expired without performance goals being achieved

Shares held after transaction 429,528 shares Common stock held directly by President & CEO after disposition

Transaction price per share $0.0000 Reported price for disposition of expired restricted shares

Key Terms

Restricted Stock, Disposition to issuer, Common Stock

3 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.

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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^*

Loyd Kelly William

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT & CEO

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)		52,595	D	$0	429,528	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 W. LOYD	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 its CEO?

Evolution Petroleum reported that President and CEO Loyd Kelly William had 52,595 restricted common shares expire and be returned to the company. The Form 4 classifies this as a disposition to the issuer, not an open-market sale or purchase.

Why did Loyd Kelly William’s restricted Evolution Petroleum (EPM) shares change?

The 52,595 restricted shares changed because they expired without the performance goals being achieved. According to the footnote, these were shares of restricted stock that lapsed, resulting in a disposition back to the issuer rather than a cash transaction.

How many Evolution Petroleum (EPM) shares does the CEO hold after this Form 4?

After the reported disposition, President and CEO Loyd Kelly William holds 429,528 shares of Evolution Petroleum common stock directly. This figure reflects his remaining ownership following the expiration and return of 52,595 restricted shares to the company.

Was the Evolution Petroleum (EPM) CEO’s Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The Form 4 shows a code D transaction, described as a disposition to the issuer, and the footnote clarifies these were restricted shares that expired when performance goals were not met.

What does the zero transaction price mean in the Evolution Petroleum (EPM) Form 4?

The transaction price is reported as 0.0000 per share because the 52,595 restricted shares simply expired and were returned to the issuer. There was no open-market trade or cash consideration associated with this disposition to the company.