Evolution Petroleum (EPM) Insider: 1,414 Shares Surrendered for Taxes

Rhea-AI Filing Summary

Kelly Beatty, Chief Accounting Officer of Evolution Petroleum Corp (EPM), reported a transaction on Form 4 showing the disposition of 1,414 common shares on 08/29/2025 at a price of $5.16 per share. The filing states these shares were surrendered to the company to satisfy income tax withholding obligations upon the vesting of a restricted stock grant. After the reported disposition, Beatty beneficially owns 58,708 shares directly. The Form 4 is signed by Beatty on 09/03/2025 and identifies the filer as an officer (Chief Accounting Officer) filing individually.

Positive

• Transparency: The Form 4 clearly discloses the officer's transaction, fulfilling Section 16 reporting obligations.
• Routine nature: The disposition is explicitly for tax withholding upon restricted stock vesting, not a market sale for liquidity.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider sold a small number of shares to cover tax withholding on vested restricted stock; remaining holding disclosed.

The transaction is a routine tax-withholding disposition rather than an open-market sale for liquidity. The sale of 1,414 shares at $5.16 each is explicitly described as surrendered to satisfy income tax withholding arising from restricted stock vesting. The filing shows a remaining direct beneficial holding of 58,708 shares, providing transparency on current insider ownership. This disclosure meets Section 16 reporting requirements and contains no indication of other material events.

Corporate Governance Expert

TL;DR: Filing documents a standard restricted-stock vesting tax surrender with no governance issues disclosed.

The form indicates the reporting person is an officer (Chief Accounting Officer) and that the shares surrendered were used solely for tax withholding at vesting. There are no amendments or additional transactions reported, and the signature date is provided. From a governance perspective, this is a routine insider administrative transaction and does not reflect a change in board or executive status.

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

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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^*

Beatty Kelly

(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)
	CHIEF ACCOUNTING OFFICER

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		1,414(1)	D	$5.16	58,708	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/ KELLY BEATTY	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 EPM insider Kelly Beatty report on Form 4?

The report shows Kelly Beatty surrendered 1,414 shares on 08/29/2025 at $5.16 per share to satisfy tax withholding from a vested restricted stock grant.

How many EPM shares does Kelly Beatty beneficially own after the transaction?

After the reported disposition, Kelly Beatty beneficially owns 58,708 shares (direct ownership).

What was the reason given for the share disposition in the Form 4?

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

When was the Form 4 signed by the reporting person?

The Form 4 is signed by /s/ Kelly Beatty on 09/03/2025.

Is the reporting person an officer or director of EPM?

Yes. The form identifies Kelly Beatty as an Officer with the title Chief Accounting Officer and the filing was made by one reporting person.