Epsilon Energy (EPSN) director awarded 13,598 time-based RSUs

Rhea-AI Filing Summary

Epsilon Energy Ltd. director David W. Winn reported an equity award of common shares. On 01/22/2026 he received 13,598 common shares at a reported price of $0, structured as time-based restricted stock units. These RSUs vest in three equal installments on 12/31/2026, 12/31/2027, and 12/31/2028, aligning the award with multi-year service. Following this grant, Winn directly beneficially owns 70,435 common shares of Epsilon Energy.

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^*

Winn David W

(Last) (First) (Middle)

5217 HOLLY ST.

(Street)

BELLAIRE TX 77401

(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)
01/22/2026

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	01/22/2026		A(1)		13,598(1)	A	$0(1)	70,435	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. A grant of 13,598 shares of common stock represented by time-based restricted stock units. The shares vest evenly over three years (12/31/26, 12/31/27, and 12/31/28).

	/s/ David Winn	01/23/2026
	** 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).
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FAQ

What insider transaction did EPSN director David W. Winn report?

David W. Winn, a director of Epsilon Energy Ltd. (EPSN), reported receiving an award of 13,598 common shares on 01/22/2026, recorded at a price of $0 per share and structured as time-based restricted stock units.

How many Epsilon Energy (EPSN) shares does David W. Winn own after this Form 4?

After the reported equity grant, David W. Winn beneficially owns 70,435 Epsilon Energy common shares, held in direct ownership.

What type of equity award did Epsilon Energy (EPSN) grant to the director?

The award consists of time-based restricted stock units (RSUs) representing 13,598 shares of Epsilon Energy common stock, granted at a stated price of $0 per share.

What is the vesting schedule for the 13,598 RSUs reported by EPSN?

The 13,598 RSUs vest evenly over three years, with one-third scheduled to vest on 12/31/2026, one-third on 12/31/2027, and the final third on 12/31/2028.

Does the Form 4 for EPSN involve any sale of shares by the director?

No sale is reported. The Form 4 shows an acquisition coded as transaction type "A" for 13,598 common shares via a restricted stock unit grant, with no disposition of shares.

Is David W. Winn an officer or a director of Epsilon Energy (EPSN)?

David W. Winn is reported as a director of Epsilon Energy Ltd. on the Form 4. He is not identified as an officer or a 10% owner in this filing.