Epsilon Energy (EPSN) CFO disposes 10,000 shares to cover tax withholding

Rhea-AI Filing Summary

Epsilon Energy Ltd. Chief Financial Officer Andrew Williamson reported a routine tax-related share disposition. On the vesting of restricted stock units, 10,000 common shares were disposed of to cover tax withholding obligations at a weighted average price of $6.46 per share, with individual sale prices ranging from $6.40 to $6.52. Following these transactions, Williamson directly holds 186,394 common shares and indirectly holds 72,500 common shares through a trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Williamson Andrew

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	10,000	$6.46	$65K
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 186,394 shares (Direct); Common Shares — 72,500 shares (Indirect, BY TRUST)

Footnotes (1)

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Key Figures

Tax-withholding shares disposed: 10,000 shares Weighted average price: $6.46 per share Price range: $6.40–$6.52 per share +3 more

6 metrics

Tax-withholding shares disposed 10,000 shares Common Shares disposed to cover tax withholding on RSU vesting

Weighted average price $6.46 per share Weighted average for tax-withholding disposition

Price range $6.40–$6.52 per share Range of individual transaction prices within the disposition

Direct holdings after transaction 186,394 shares Common Shares directly owned by CFO after disposition

Indirect holdings after transaction 72,500 shares Common Shares held indirectly by trust after transaction

Tax-withholding share count summary 10,000 shares TaxWithholdingShares reported in transaction summary

Key Terms

restricted stock units, tax withholding obligation, weighted average price, Common Shares, +1 more

5 terms

restricted stock units financial

"Sale to cover tax withholding obligation incurred with the 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 with the vesting of restricted stock units."

weighted average price financial

"The reported price is a weighted average price, with shares sold in multiple transactions..."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Common Shares financial

"security_title": "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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^*

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)
03/31/2026

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	03/31/2026		F(1)		10,000(1)	D	$6.46(1)	186,394	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)
				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. The reported price is a weighted average price, with shares sold in multiple transactions at prices ranging from $6.40 to $6.52, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

	/s/ J. Andrew Williamson	03/31/2026
	** 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 insider transaction did Epsilon Energy (EPSN) report for its CFO?

Epsilon Energy reported that CFO Andrew Williamson disposed of 10,000 common shares to satisfy tax withholding from restricted stock unit vesting. This was a non-market, tax-related transaction rather than a discretionary open-market sale of his investment position.

At what price were the Epsilon Energy (EPSN) shares disposed for tax withholding?

The 10,000 common shares were disposed at a weighted average price of $6.46 per share. Actual sale prices occurred in multiple transactions within a range from $6.40 to $6.52, as disclosed in the accompanying footnote to the Form 4.

How many Epsilon Energy (EPSN) shares does the CFO hold after this Form 4 transaction?

After the tax-withholding disposition, CFO Andrew Williamson directly owns 186,394 common shares of Epsilon Energy. He also has an additional 72,500 common shares held indirectly through a trust, reflecting both direct and indirect ownership positions reported in the filing.

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

No. The Form 4 describes the 10,000-share disposition as a sale to cover tax withholding obligations from restricted stock unit vesting. This type of transaction is classified as tax-withholding, not a discretionary open-market sale based on the executive’s investment views.

What does the weighted average price disclosure mean in Epsilon Energy’s Form 4?

The weighted average price of $6.46 per share reflects multiple small transactions executed between $6.40 and $6.52. The footnote states the CFO will provide details on the number of shares executed at each separate price within that range upon request.