Epsilon Energy (EPSN) director gets 13,598-share grant vesting to 2028

Rhea-AI Filing Summary

Epsilon Energy Ltd. director Tracy B. Stephens reported a new equity award in the form of time-based restricted stock units. On 01/22/2026, Stephens received a grant of 13,598 common shares at a price of $0 per share, represented by restricted stock units that vest evenly over three years on 12/31/2026, 12/31/2027, and 12/31/2028. Following this grant, Stephens directly beneficially owns 99,335 common shares of Epsilon Energy.

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^*

STEPHENS TRACY B

(Last) (First) (Middle)

360 WESTHEIMER

(Street)

HOUSTON TX 77024

(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)	99,335	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/ Tracy Stephens	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).
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FAQ

What insider transaction did EPSN director Tracy Stephens report?

Director Tracy B. Stephens reported receiving a grant of 13,598 Epsilon Energy common shares on 01/22/2026, represented by time-based restricted stock units at a price of $0 per share.

How many Epsilon Energy (EPSN) shares does Tracy Stephens own after this grant?

After the reported transaction, Tracy B. Stephens directly beneficially owns 99,335 common shares of Epsilon Energy Ltd..

How do the restricted stock units granted to EPSN director vest?

The 13,598 shares granted as time-based restricted stock units vest in equal portions over three years, on 12/31/2026, 12/31/2027, and 12/31/2028.

Was the EPSN insider grant a purchase for cash?

No. The Form 4 shows the 13,598 common shares were acquired at a price of $0 per share as an equity grant, not as a market purchase.

Is the Epsilon Energy (EPSN) insider transaction direct or indirect ownership?

The filing indicates that the 99,335 common shares held after the transaction are owned with direct beneficial ownership by Tracy B. Stephens.

What type of security was involved in the EPSN Form 4 filing?

The transaction involved Common Shares of Epsilon Energy Ltd., granted in the form of time-based restricted stock units.