[Form 4] Epsilon Energy Ltd. Insider Trading Activity

Rhea-AI Filing Summary

Jason Stabell, who serves as Chief Executive Officer and a director of Epsilon Energy Ltd. (EPSN), reported a non-derivative acquisition on 10/01/2025. He received 6,098 common shares that were issued upon vesting of a restricted stock grant originally awarded on 07/01/2022. Following the issuance, Mr. Stabell beneficially owns 277,769 shares directly and 485,339 shares indirectly through an LLC. The Form 4 is signed and dated 10/03/2025.

Positive

• 6,098 restricted shares vested and issued to the CEO on 10/01/2025
• Reporting person holds 277,769 shares directly after the issuance
• Additional 485,339 shares are held indirectly via an LLC, indicating meaningful insider alignment

Negative

• None.

Insights

Corporate Governance Analyst

Insider received vested restricted shares, modestly increasing direct stake.

The filing discloses that the CEO and director, Jason Stabell, had 6,098 restricted shares vest and issue on 10/01/2025, reflecting the completion of a pre-existing equity award granted on 07/01/2022. This is a routine executive compensation event rather than an open-market purchase or sale.

The report shows continued alignment with shareholders through equity ownership: 277,769 shares directly and 485,339 indirectly via an LLC. Because the transaction is an issuance on vesting, it does not signal opportunistic trading and has no disclosed price impact.

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).

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^*

Stabell Jason

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A(1)		6,098(1)	A	$0	277,769	D
Common Shares								485,339	I	BY LLC

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 restricted stock grant on 07/01/2022. They vested and issued on 10/01/2025.

	/s/ Jason Stabell	10/03/2025
	** 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 Epsilon Energy CEO Jason Stabell report on Form 4 (EPSN)?

He reported the vesting and issuance of 6,098 common shares on 10/01/2025, originating from a restricted stock grant dated 07/01/2022.

How many shares does Jason Stabell beneficially own after the transaction?

Following the reported transaction he beneficially owns 277,769 shares directly and 485,339 shares indirectly through an LLC.

Was the Form 4 transaction a market purchase or sale?

No. The filing shows an issuance on vesting of restricted stock (transaction code A(1)), not an open-market trade.

When was the Form 4 signed by the reporting person?

The Form 4 is signed by Jason Stabell and dated 10/03/2025.

What is the grant date for the vested restricted shares?

The restricted stock grant was originally awarded on 07/01/2022 and vested on 10/01/2025.