[Form 4] Epsilon Energy Ltd. Insider Trading Activity

Rhea-AI Filing Summary

Epsilon Energy Ltd. (EPSN)11/14/2025, Vaughn acquired 29,886 common shares directly, increasing his directly held position to 29,886 shares. The filing notes that this transaction relates to consideration paid in the acquisition of Peak Exploration & Production, LLC, where existing owners of Peak E&P received Epsilon common shares based on their prior ownership.

Vaughn also has an indirect interest in an additional 2,148 common shares held by Vaughn Capital, LLC. He owns 93% of Vaughn Capital, LLC and serves as a manager with sole voting power over the common shares it holds. The Form 4 confirms the filing is made by a single reporting person in his capacity as a director of Epsilon Energy Ltd.

11/20/2025 - 02:34 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

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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^*

Vaughn Jack E.

(Last) (First) (Middle)

1910 MAIN AVENUE

(Street)

DURANGO CO 81301

(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)
11/14/2025

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	11/14/2025		A		29,886	A	(1)	29,886	D
Common Shares	11/14/2025		A		2,148	A	(1)	2,148	I	See footnote(2)

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. Pursuant to the Membership Interest Purchase Agreement dated August 11, 2025, among the Sellers party thereto, Peak Exploration & Production, LLC ("Peak E&P"), Epsilon Energy USA, Inc., Epsilon Energy Ltd., and Yorktown Energy Partners XI, L.P. (as Sellers' Representative), the existing owners of Peak E&P received, as consideration, the Issuer's Common Shares, with such Common Shares allocated among the existing owners pro rata based on their relative ownership of Peak E&P.

2. These securities are owned directly by Vaughn Capital, LLC. The reporting person owns 93% of the ownership interest of Vaughn Capital, LLC and is a manager of Vaughn Capital, LLC with sole voting power with respect to the Common Shares owned by Vaughn Capital, LLC.

	/s/ Jack E. Vaughn	11/18/2025
	** 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 Ltd. (EPSN) disclose in this Form 4 filing?

The filing reports that director Jack E. Vaughn acquired common shares of Epsilon Energy Ltd. on 11/14/2025, both directly and indirectly through an entity he controls.

How many Epsilon Energy (EPSN) shares did Jack E. Vaughn acquire directly?

On 11/14/2025, Jack E. Vaughn acquired 29,886 Epsilon Energy common shares, and following this transaction he directly beneficially owned 29,886 common shares.

What indirect ownership in Epsilon Energy (EPSN) shares does Jack E. Vaughn have?

Vaughn has an indirect interest in 2,148 Epsilon Energy common shares held by Vaughn Capital, LLC, an entity in which he owns 93% and for which he has sole voting power over the common shares.

How is the Peak Exploration & Production, LLC transaction related to this Form 4 for EPSN?

Under a Membership Interest Purchase Agreement dated August 11, 2025, existing owners of Peak Exploration & Production, LLC received Epsilon Energy common shares as consideration, allocated pro rata based on their ownership of Peak E&P, which led to the share issuance reported here.

What is Jack E. Vaughn’s relationship to Epsilon Energy Ltd. (EPSN)?

The filing identifies Jack E. Vaughn as a director of Epsilon Energy Ltd. and indicates that the Form 4 is filed by one reporting person.

Was this EPSN Form 4 filed under a Rule 10b5-1 trading plan?

The form includes a checkbox for indicating transactions under a Rule 10b5-1(c) trading plan, but the excerpt only shows the explanatory language for that checkbox and does not indicate that such a box was selected.