Evolution Petroleum (EPM) Insider Surrenders Shares to Cover Taxes

Rhea-AI Filing Summary

Evolution Petroleum Corp (EPM) insider reported a routine share disposition. Ryan Stash, SVP & CFO, reported on Form 4 that on 08/29/2025 he disposed of 5,438 shares of common stock at $5.16 per share. The filing shows he beneficially owns 253,478 shares after the transaction.

The Form 4 explains the 5,438 shares were surrendered to the company to satisfy income tax withholding obligations upon the vesting of a restricted stock grant. The document is a standard Section 16 disclosure and reflects a tax-related surrender rather than an open-market sale.

Insights

Corporate Governance Expert

TL;DR: Routine, non-discretionary tax withholding by an insider; limited governance implications.

The transaction is described as shares surrendered to satisfy income tax withholding upon restricted stock vesting, which is a common administrative action and not an indication of deliberate cashing out by management. Reporting the surrender on Form 4 maintains transparency around insider holdings. Given the nature and size relative to total beneficial ownership shown, this event is immaterial to control or governance changes.

Securities Analyst

TL;DR: Disclosure is routine and neutral for investors; no material change to insider ownership profile.

The CFO disposed of 5,438 shares at $5.16 per share through surrender for tax withholding, leaving 253,478 shares beneficially owned. This is a small, non-market-depressing disposition tied to compensation vesting. It does not signal a change in insider conviction and is unlikely to affect near-term investor valuation assumptions.

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^*

Stash Ryan

(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)
	SVP & CFO

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		5,438(1)	D	$5.16	253,478	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/ RYAN STASH	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 did the EPM Form 4 filed by Ryan Stash report?

It reported a disposition of 5,438 shares on 08/29/2025 at $5.16 per share and shows 253,478 shares beneficially owned after the transaction.

Why were the 5,438 shares disposed of according to the filing?

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

Does the Form 4 indicate an open-market sale by the insider (EPM)?

No. The filing states the shares were surrendered for tax withholding tied to vesting, not sold on the open market.

What is Ryan Stash’s role at Evolution Petroleum (EPM)?

He is the SVP & CFO and is the reporting person on this Form 4.

When was the Form 4 signed?

The signature date is 09/03/2025 with the reported transaction date of 08/29/2025.