Epsilon Energy CEO buys 23K shares around $5.90

Epsilon Energy’s CEO reported indirect open-market purchases totaling 23,104 shares and updated his direct holdings, including restricted stock units.

Rhea-AI Filing Summary

Epsilon Energy Ltd. (EPSN) director and chief executive officer Jason Stabell reported indirect purchases of a total of 23,104 common shares between September 16 and September 21, 2026, at prices between $5.88 and $5.93 per share through Sisu Investments, LLC, where he may be deemed a beneficial owner.

He also reported 549,682 common shares held directly as of September 16, 2026, including 225,995 restricted stock units subject to vesting and other restrictions, and no Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Buyer: 23,104 shares

Net Buy 4 txns

Insider Stabell Jason

Role Chief Executive Officer

Bought 23,104 shs ($137K)

Type	Security	Shares	Price	Value
Purchase	Common Shares F3	13,467	$5.93	$80K
Purchase	Common Shares F2	1,430	$5.90	$8K
Purchase	Common Shares F1	8,207	$5.88	$48K
holding	Common Shares F4	--	--	--

Holdings After Transaction: Common Shares — 642,456 shares (Indirect, BY LLC); Common Shares — 549,682 shares (Direct)

Footnotes (4)

1. F1. The securities reported herein are held by Sisu Investments, LLC, whose members are Jason Stabell, his wife, and kids. Mr. Stabell may be deemed to be a beneficial owner of such securities by virtue of his role in the management of this company.
2. F2. The securities reported herein are held by Sisu Investments, LLC, whose members are Jason Stabell, his wife, and kids. Mr. Stabell may be deemed to be a beneficial owner of such securities by virtue of his role in the management of this company.
3. F3. The securities reported herein are held by Sisu Investments, LLC, whose members are Jason Stabell, his wife, and kids. Mr. Stabell may be deemed to be a beneficial owner of such securities by virtue of his role in the management of this company.
4. F4. This amount includes 225,995 shares of restricted stock units subject to vesting and certain other restrictions.

Key Figures

Shares purchased September 16, 2026: 8,207 shares at $5.88 per share Shares purchased September 18, 2026: 1,430 shares at $5.90 per share Shares purchased September 21, 2026: 13,467 shares at $5.93 per share +3 more

6 metrics

Shares purchased September 16, 2026 8,207 shares at $5.88 per share Indirect purchase of Epsilon Energy common shares through Sisu Investments, LLC

Shares purchased September 18, 2026 1,430 shares at $5.90 per share Indirect purchase of Epsilon Energy common shares through Sisu Investments, LLC

Shares purchased September 21, 2026 13,467 shares at $5.93 per share Indirect purchase of Epsilon Energy common shares through Sisu Investments, LLC

Total shares purchased in reported period 23,104 shares Sum of indirect purchases between September 16 and September 21, 2026

Direct common shares held 549,682 shares Direct holdings as of September 16, 2026

Restricted stock units included in direct holdings 225,995 restricted stock units Subject to vesting and certain other restrictions

Key Terms

beneficial owner, restricted stock units, open market or private transaction

3 terms

beneficial owner financial

"Mr. Stabell may be deemed to be a beneficial owner of such securities"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

restricted stock units financial

"This amount includes 225,995 shares of restricted stock units subject to vesting"

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.

open market or private transaction financial

"Purchase in open market or private transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did EPSN’s CEO report in this Form 4?

Jason Stabell reported three indirect purchases of Epsilon Energy common shares totaling 23,104 shares between September 16 and September 21, 2026, at prices between $5.88 and $5.93 per share, executed through Sisu Investments, LLC.

How many EPSN shares did the CEO buy on each reported date?

On September 16, 2026, 8,207 shares were purchased at $5.88 per share. On September 18, 2026, 1,430 shares were purchased at $5.90 per share. On September 21, 2026, 13,467 shares were purchased at $5.93 per share.

Are the newly purchased EPSN shares held directly by the CEO?

No. The 23,104 purchased shares are held indirectly through Sisu Investments, LLC, whose members include Jason Stabell, his wife, and children. He may be deemed a beneficial owner by virtue of his role in managing that company.

What are the CEO’s reported direct holdings of EPSN shares?

As of September 16, 2026, Jason Stabell reported 549,682 common shares held directly, which include 225,995 restricted stock units that are subject to vesting and certain other restrictions.

Were the EPSN insider purchases made under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with these purchases of Epsilon Energy common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 06:49 PM Accepted by SEC EDGAR 09/21/2026 - 06:48 PM Learn about SEC filing dates

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^*

Stabell Jason

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

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	09/16/2026		P(1)		8,207(1)	A	$5.88(1)	627,559	I	BY LLC
Common Shares	09/18/2026		P(2)		1,430(2)	A	$5.9(2)	628,989	I	BY LLC
Common Shares	09/21/2026		P(3)		13,467(3)	A	$5.93(3)	642,456	I	BY LLC
Common Shares								549,682(4)	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. The securities reported herein are held by Sisu Investments, LLC, whose members are Jason Stabell, his wife, and kids. Mr. Stabell may be deemed to be a beneficial owner of such securities by virtue of his role in the management of this company.

2. The securities reported herein are held by Sisu Investments, LLC, whose members are Jason Stabell, his wife, and kids. Mr. Stabell may be deemed to be a beneficial owner of such securities by virtue of his role in the management of this company.

3. The securities reported herein are held by Sisu Investments, LLC, whose members are Jason Stabell, his wife, and kids. Mr. Stabell may be deemed to be a beneficial owner of such securities by virtue of his role in the management of this company.

4. This amount includes 225,995 shares of restricted stock units subject to vesting and certain other restrictions.

	/s/ Jason Stabell	09/21/2026
	** 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)