[Form 4] Epsilon Energy Ltd. Insider Trading Activity

Rhea-AI Filing Summary

Andrew Williamson, Chief Financial Officer and director of Epsilon Energy Ltd. (EPSN), filed a Form 4 disclosing transactions dated 09/30/2025. The filing reports an acquisition of 12,500 common shares at $4.94 per share, purchased on behalf of the Twin Alces Trust. After that purchase the filing states Mr. Williamson beneficially owns 72,500 shares indirectly through the trust. The Form 4 also lists a disposition of 96,775 common shares (shown as a separate line). The filing identifies the Twin Alces Trust as the holder and notes Mr. Williamsonmay be deemed a beneficial owner by virtue of his role as trustee and beneficiary. The form is signed and dated by J. Andrew Williamson on 10/02/2025.

Positive

• Insider purchase disclosed: Acquisition of 12,500 common shares at $4.94 on 09/30/2025
• Clear beneficial ownership disclosure: 72,500 shares reported indirectly via the Twin Alces Trust with explanation of trustee/beneficiary role
• Form properly executed: Signed by J. Andrew Williamson on 10/02/2025, satisfying filing formalities

Negative

• Large disposition reported: 96,775 common shares shown as disposed (listed as a separate line), which could offset the purchase signal
• Limited context: Filing does not state total outstanding shares or position sizes relative to company capitalization, restricting assessment of materiality

Insights

Financial Analyst

TL;DR: Insider purchased 12,500 shares at $4.94 and still holds indirect ownership via a trust; transaction size is modest versus typical market caps.

The Form 4 shows a purchase of 12,500 common shares at $4.94 and an indicated beneficial ownership of 72,500 shares held indirectly in the Twin Alces Trust. Insider purchases can signal confidence in the company, but the filing also shows a separate large disposition of 96,775 shares, which offsets the purchase signal. Without position size relative to total outstanding shares or recent price context, the net impact on valuation is limited. The disclosure is routine and compliant, providing transparency on the reporting person's trustee role.

Corporate Governance Expert

TL;DR: Disclosure appropriately identifies trustee-held shares and beneficial ownership; the disposition line warrants attention for governance review.

The filing correctly attributes securities to the Twin Alces Trust and explains Mr. Williamsonmay be deemed a beneficial owner as trustee and beneficiary. The presence of a sizable disposition (96,775 shares) alongside a smaller purchase merits governance monitoring to ensure transactions align with insider trading policies and blackout windows. The Form 4 is properly signed and dated, fulfilling Section 16 reporting requirements.

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
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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).

1. Name and Address of Reporting Person^*

Williamson Andrew

(Last) (First) (Middle)

500 DALLAS ST., SUITE 1250

(Street)

HOUSTON TX 77002

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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 Shares	09/30/2025		P(1)		12,500(1)	A	$4.94	72,500	I	BY TRUST
Common Shares								96,775	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. The securities reported herein are held by the Twin Alces Trust. Mr. Williamson may be deemed to be a beneficial owner of such securtities by virtue of his role as Trustee and as a beneficiary.

	/s/ J. Andrew Williamson	10/02/2025
	** 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 EPSN insider Andrew Williamson report on Form 4?

He reported a purchase of 12,500 common shares at $4.94 on 09/30/2025 and an indirect beneficial ownership of 72,500 shares held by the Twin Alces Trust.

Does the Form 4 show any sales by Andrew Williamson for EPSN?

Yes. The filing lists a separate line showing a disposition of 96,775 common shares (marked as D).

Why are the shares held indirectly for EPSN insider Williamson?

The filing states the securities are held by the Twin Alces Trust and Mr. Williamson may be deemed a beneficial owner as trustee and beneficiary.

When were the reported transactions for EPSN filed?

The transactions are dated 09/30/2025 and the Form 4 is signed on 10/02/2025.

What role does Andrew Williamson have at Epsilon Energy (EPSN)?

He is identified as Chief Financial Officer and a director in the Form 4.