Evolution Petroleum COO Reports 4,699‑Share Tax Withholding Disposition

Rhea-AI Filing Summary

John Mark Bunch, Chief Operating Officer of Evolution Petroleum Corporation (EPM), reported a non‑derivative disposition of 4,699 common shares executed on 08/29/2025 at a price of $5.16 per share. The filing states those shares were surrendered to the company to satisfy income tax withholding obligations upon the vesting of a restricted stock grant. After the reported transaction, the filing shows Mr. Bunch beneficially owns 167,717 common shares directly.

Positive

• Reporting person retains 167,717 common shares following the transaction, showing continued direct ownership
• Disposition is explicitly for tax withholding on vested restricted stock, indicating a routine administrative purpose

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider tax‑withholding share surrender; modestly reduces holdings but leaves a sizeable direct stake of 167,717 shares.

The transaction is recorded as a disposition of 4,699 shares at $5.16 per share, described explicitly as shares surrendered to satisfy income tax withholding on vested restricted stock. This type of transaction is typically non‑informational regarding changes in insider conviction because it reflects required tax compliance rather than a voluntary sale. The remaining direct beneficial ownership of 167,717 shares is relevant for assessing insider alignment with shareholders.

Corporate Governance Expert

TL;DR: Administrative surrender for tax withholding; no indication of voluntary divestiture or change in role.

The Form 4 explicitly attributes the disposition to satisfying tax withholding obligations upon vesting of restricted stock. Such disclosures meet Section 16 reporting requirements and show compliance with equity compensation tax mechanics. There is no statement of intent to reduce holdings for other reasons, and the filing lists the reporting person as the COO and a director, confirming insider status and the direct ownership figure of 167,717 shares.

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

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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^*

Bunch John Mark

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		F		4,699(1)	D	$5.16	167,717	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. Represents shares surrendered to the Company to satisfy income tax withholding obligations upon the vesting of restricted stock grant.

	/s/ JOHN MARK BUNCH	09/03/2025
	** 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 transaction did EPM COO John Mark Bunch report on Form 4?

He reported a disposition of 4,699 common shares executed on 08/29/2025 at $5.16 per share.

Why were the 4,699 shares disposed of according to the filing?

The filing states the shares were surrendered to the company to satisfy income tax withholding obligations upon the vesting of a restricted stock grant.

How many EPM shares does John Mark Bunch beneficially own after the reported transaction?

167,717 common shares are reported as beneficially owned following the transaction.

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

John Mark Bunch is listed as COO and a director in the Form 4 filing.

Does the Form 4 indicate this was a voluntary sale for cash needs or investment change?

No— the filing specifies the shares were surrendered to satisfy tax withholding and does not indicate a voluntary sale for other reasons.