What is the nature of the 2,540-share transaction reported for EPSN?

The 2,540-share entry is classified as a grant, award, or other acquisition at a price of $0.0000 per share. Footnotes explain these shares were part of a restricted stock grant made in 2022 that fully vested and was issued on April 1, 2026.

Epsilon Energy (EPSN) CFO receives 2,540 vested shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Epsilon Energy Ltd. Chief Financial Officer Andrew Williamson reported the issuance of 2,540 Common Shares on April 1, 2026, classified as a grant or award acquisition. These shares were originally acquired as a restricted stock grant on July 1, 2022 and vested on April 1, 2026. Following this vesting, Williamson directly owns 188,934 Common Shares, which the disclosure states includes 94,855 restricted stock units that remain subject to vesting and other restrictions. The filing also shows an additional 72,500 Common Shares held indirectly by a trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Williamson Andrew

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	2,540	$0.00	--
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 188,934 shares (Direct); Common Shares — 72,500 shares (Indirect, BY TRUST)

Footnotes (1)

These common shares were acquired as a restricted stock grant on 07/01/2022. They vested and were issued 04/01/2026. This amount includes 94,855 shares of restricted stock units subject to vesting and certain other restrictions.

Key Figures

Shares acquired: 2,540 shares Direct holdings after transaction: 188,934 shares Indirect holdings by trust: 72,500 shares +2 more

5 metrics

Shares acquired 2,540 shares Common Shares issued on April 1, 2026 from restricted stock grant

Direct holdings after transaction 188,934 shares Common Shares directly owned by CFO after April 1, 2026 issuance

Indirect holdings by trust 72,500 shares Common Shares held indirectly BY TRUST as disclosed in Form 4

Unvested RSUs included 94,855 shares Restricted stock units subject to vesting and other restrictions

Grant vesting date April 1, 2026 Date restricted stock grant from July 1, 2022 vested and was issued

Key Terms

restricted stock grant, restricted stock units, vesting, grant, award, or other acquisition, +2 more

6 terms

restricted stock grant financial

"These common shares were acquired as a restricted stock grant on 07/01/2022."

A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.

restricted stock units financial

"This amount includes 94,855 shares of restricted stock units subject to vesting"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting financial

"They vested and were issued 04/01/2026."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

indirect financial

"total_shares_following_transaction: 72500.0000, direct_or_indirect: I"

BY TRUST financial

"nature_of_ownership: BY TRUST"

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 05:01 PM

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^*

Williamson Andrew

(Last)

(First)

(Middle)

500 DALLAS ST., SUITE 1250

(Street)

HOUSTON

TEXAS

77002

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	04/01/2026		A⁽¹⁾		2,540⁽¹⁾	A	$0	188,934⁽²⁾	D
Common Shares								72,500	I	BY TRUST

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These common shares were acquired as a restricted stock grant on 07/01/2022. They vested and were issued 04/01/2026.

2. This amount includes 94,855 shares of restricted stock units subject to vesting and certain other restrictions.

	/s/ J. Andrew Williamson	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EPSN CFO Andrew Williamson report?

Andrew Williamson reported the issuance of 2,540 Common Shares as a grant or award acquisition. These shares came from a restricted stock grant made on July 1, 2022 and were issued when they vested on April 1, 2026.

How many Epsilon Energy (EPSN) shares does the CFO hold after this filing?

After this transaction, Andrew Williamson directly holds 188,934 Common Shares. The filing states this figure includes 94,855 restricted stock units that are still subject to vesting and other restrictions, highlighting both vested and unvested components of his equity position.

Does the EPSN CFO have indirect ownership of company shares?

Yes. In addition to his direct holdings, the filing lists 72,500 Common Shares held indirectly “BY TRUST.” This entry is shown as an ownership line rather than a new transaction, indicating shares associated with a trust structure linked to the CFO.

What restricted stock units does EPSN disclose for its CFO in this Form 4?

The disclosure notes that the 188,934 directly held Common Shares include 94,855 shares of restricted stock units. These units remain subject to vesting conditions and other restrictions, meaning they are part of his reported holdings but are not yet fully unrestricted shares.