Director at Epsilon Energy (EPSN) receives 13,598-share stock grant

Rhea-AI Filing Summary

Epsilon Energy Ltd. director Nicola L. Maddox received an equity grant through restricted stock units. On 01/22/2026, Maddox was awarded 13,598 common shares at a price of $0 per share, reflecting a stock-based compensation grant rather than an open-market purchase.

These shares are represented by time-based restricted stock units that vest in three equal installments on 12/31/2026, 12/31/2027, and 12/31/2028. Following this grant, Maddox beneficially owned 46,382 common shares directly. The filing highlights ongoing equity-based compensation designed to align the director’s interests with those of other shareholders.

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^*

Maddox Nicola L

(Last) (First) (Middle)

6331 CONCHO BAY DRIVE

(Street)

HOUSTON TX 77041

(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)	46,382	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/ Nicola Maddox	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).
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 (EPSN) disclose in this Form 4 filing?

The filing shows that director Nicola L. Maddox received a grant of 13,598 common shares of Epsilon Energy Ltd. as equity compensation on 01/22/2026.

How many Epsilon Energy (EPSN) shares were granted to the director?

Director Nicola L. Maddox was granted 13,598 common shares, represented by time-based restricted stock units.

What is the vesting schedule of the granted Epsilon Energy (EPSN) restricted stock units?

The 13,598 restricted stock units vest evenly over three years, with one-third vesting on 12/31/2026, one-third on 12/31/2027, and one-third on 12/31/2028.

Was there any cash paid for the Epsilon Energy (EPSN) shares in this Form 4?

No cash changed hands in this transaction; the shares were granted at a reported price of $0 per share as stock-based compensation.

How many Epsilon Energy (EPSN) shares does the director own after this grant?

After the grant, director Nicola L. Maddox beneficially owned 46,382 common shares of Epsilon Energy Ltd., held directly.

Is this Epsilon Energy (EPSN) Form 4 transaction a market purchase or sale?

The transaction is reported with code A, indicating an acquisition by grant of restricted stock units, not an open-market purchase or sale.