Epsilon Energy (EPSN) director covers tax bill with 4,170-share disposition

Rhea-AI Filing Summary

Epsilon Energy Ltd. director Maddox Nicola L reported a disposition of 4,170 Common Shares at $6.16 per share. According to the footnote, these shares were sold to cover a tax withholding obligation arising from the vesting of restricted stock units, rather than an open-market sale for investment reasons. After this tax-withholding transaction, the director directly holds 42,212 Common Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Maddox Nicola L

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	4,170	$6.16	$26K

Holdings After Transaction: Common Shares — 42,212 shares (Direct)

Footnotes (1)

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Key Figures

Shares disposed for tax withholding: 4,170 shares Transaction price per share: $6.16 per share Shares held after transaction: 42,212 shares +1 more

4 metrics

Shares disposed for tax withholding 4,170 shares Disposition tied to RSU vesting tax obligation

Transaction price per share $6.16 per share Value applied to the 4,170 shares delivered

Shares held after transaction 42,212 shares Director’s direct Epsilon Energy holdings following Form 4 event

Tax-withholding shares (summary) 4,170 shares TaxWithholdingShares in transaction summary

Key Terms

restricted stock units, tax withholding obligation, Form 4

3 terms

restricted stock units financial

"vesting of restricted stock units"

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.

tax withholding obligation financial

"Sale to cover tax withholding obligation incurred"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Maddox Nicola L

(Last) (First) (Middle)

6331 CONCHO BAY DRIVE

(Street)

HOUSTON TEXAS 77041

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/27/2026		F(1)		4,170(1)	D	$6.16	42,212	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. Sale to cover tax withholding obligation incurred with the vesting of restricted stock units.

	\s\ Nicola Maddox	03/30/2026
	** 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)

FAQ

What did Epsilon Energy (EPSN) director Maddox Nicola L report in this Form 4?

The director reported a disposition of 4,170 Epsilon Energy common shares at $6.16 per share. The shares were sold solely to satisfy tax withholding obligations tied to vesting restricted stock units, not as a discretionary open-market sale.

How many Epsilon Energy (EPSN) shares were used for tax withholding?

A total of 4,170 Epsilon Energy common shares were disposed of to cover a tax withholding obligation. This transaction is linked to the vesting of restricted stock units and reflects a mechanistic tax payment, rather than a typical investment-driven trade.

What is Maddox Nicola L’s Epsilon Energy (EPSN) shareholding after the Form 4 transaction?

Following the tax-withholding disposition, Maddox Nicola L directly holds 42,212 Epsilon Energy common shares. This figure reflects the remaining ownership after 4,170 shares were delivered to satisfy tax obligations from restricted stock unit vesting.

Was the Epsilon Energy (EPSN) Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The footnote explains the 4,170 shares were sold to cover tax withholding obligations associated with restricted stock unit vesting, making it a routine, mechanistic tax-withholding disposition.

What price per share was reported in the Epsilon Energy (EPSN) Form 4?

The Form 4 reports a transaction price of $6.16 per Epsilon Energy common share for the 4,170 shares disposed. This price is used to value the shares delivered to satisfy the director’s tax withholding obligation on vested restricted stock units.