Epsilon Energy (NASDAQ: EPSN) director awarded 1,670 dividend shares

Rhea-AI Filing Summary

Epsilon Energy Ltd. director Tracy Stephens reported acquiring 1,670 common shares on 01/13/2026. The transaction was coded as an acquisition at a price of $0 per share, reflecting a grant rather than an open-market purchase. According to the disclosure, these common shares were received as a dividend equivalent right and were issued on that same date. Following this award, Stephens beneficially owns 85,737 Epsilon Energy common shares in direct ownership.

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^*

STEPHENS TRACY B

(Last) (First) (Middle)

360 WESTHEIMER

(Street)

HOUSTON TX 77024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Epsilon Energy Ltd. [ EPSN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

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 Shares	01/13/2026		A(1)		1,670(1)	A	$0(1)	85,737	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. These common shares were acquired as a dividend equivalent right. They were issued on 01/13/2026.

	/s/ Tracy Stephens	01/16/2026
	** 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.

FAQ

What did Epsilon Energy (EPSN) disclose in this Form 4 filing?

The filing states that director Tracy Stephens acquired 1,670 common shares of Epsilon Energy Ltd. on 01/13/2026 as an equity transaction.

How many Epsilon Energy (EPSN) shares did Tracy Stephens acquire?

Tracy Stephens acquired 1,670 common shares of Epsilon Energy Ltd. in the reported transaction.

What was the price per share for the Epsilon Energy (EPSN) shares acquired?

The 1,670 common shares were reported as acquired at a price of $0 per share, indicating they were granted rather than bought in the market.

Why did Tracy Stephens receive these Epsilon Energy (EPSN) shares?

The disclosure explains that the common shares were acquired as a dividend equivalent right and were issued on 01/13/2026.

How many Epsilon Energy (EPSN) shares does Tracy Stephens own after the transaction?

After this transaction, Tracy Stephens beneficially owns 85,737 Epsilon Energy common shares, held in direct ownership.

What is Tracy Stephens' relationship to Epsilon Energy (EPSN)?

Tracy Stephens is identified in the filing as a director of Epsilon Energy Ltd. and not as an officer or 10% owner.