Epsilon Energy (EPSN) director granted 1,670 shares at $0.00 per share

Rhea-AI Filing Summary

Epsilon Energy Ltd. director David W. Winn reported receiving 1,670 common shares of the company on 01/13/2026. The filing shows the shares were acquired at a price of $0.00 per share and were granted as a dividend equivalent right, meaning they were issued in connection with existing equity awards rather than purchased in the market. Following this issuance, Winn beneficially owned 56,837 common shares of Epsilon Energy Ltd., all reported as directly held.

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)
01/13/2026

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	01/13/2026		A(1)		1,670(1)	A	$0(1)	56,837	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. These common shares were acquired as a dividend equivalent right. They were issued on 01/13/2026.

	/s/ David Winn	01/16/2026
	** 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 Epsilon Energy (EPSN) report for David W. Winn?

The company reported that director David W. Winn acquired 1,670 common shares of Epsilon Energy Ltd. on 01/13/2026.

At what price did David W. Winn acquire Epsilon Energy (EPSN) shares?

The filing states that the 1,670 common shares were acquired at a price of $0.00 per share.

Why did David W. Winn receive additional Epsilon Energy (EPSN) shares?

According to the footnote, these common shares were acquired as a dividend equivalent right and were issued on 01/13/2026.

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

After the reported transaction, David W. Winn beneficially owned 56,837 common shares of Epsilon Energy Ltd.

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

The Form 4 indicates that David W. Winn is a director of Epsilon Energy Ltd. and is not listed as an officer or 10% owner.

Are David W. Winn’s Epsilon Energy (EPSN) shares held directly or indirectly?

The Form 4 reports that the 56,837 common shares are held with direct ownership.