[Form 4] HNR Acquisition Corp Insider Trading Activity

Rhea-AI Filing Summary

Mitchell B. Trotter, who is identified as both a director and the Chief Financial Officer of EON Resources Inc. (EONR), reported a transaction dated 08/19/2025 on a Form 4. The filing discloses that the reporting person disposed of 100,000 shares of Class A common stock in multiple sale transactions at a weighted average price of $0.3589 per share (individual sale prices ranged from $0.3348 to $0.3649). Following the reported transactions, the reporting person beneficially owned 154,398 shares. The filer certifies willingness to provide details of the number of shares sold at each price within the stated range to the issuer or the SEC staff upon request.

Positive

• Full disclosure of sale details including weighted average price and price range shows transparency
• Post-transaction holdings disclosed (154,398 shares), providing clarity on insider ownership

Negative

• Insider disposition of 100,000 shares could be perceived negatively by some investors, though no reason given
• No explanation provided for the sale (e.g., personal liquidity or pre-arranged plan) in the filing

Insights

Securities Analyst

TL;DR: Insider sales of 100,000 shares by the CFO/director were disclosed; remaining holding is 154,398 shares.

The Form 4 reports an insider sale executed on 08/19/2025 by Mitchell B. Trotter, identified as both a director and the Chief Financial Officer of EON Resources Inc. The sale was reported as multiple transactions with a weighted average price of $0.3589 and individual prices between $0.3348 and $0.3649. Insider sales can be routine (liquidity or diversification) or signal-specific, but the filing contains no explanation beyond the sales range. The transaction reduced the insider's stake to 154,398 shares. From a market-impact perspective, the filing documents the sale precisely but does not by itself indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: A material insider disposition was reported cleanly; no additional governance concerns disclosed.

The disclosure identifies the reporting person as an officer and director and provides the necessary details under Section 16 reporting rules: transaction date, number of shares sold, weighted average price range, and post-transaction holdings. The explanatory note offers transparency about multiple sale prices and an offer to provide breakdowns on request. There are no indications in the filing of related-party transactions, option exercises, or derivative activity tied to this sale. As filed, the disclosure meets Form 4 sufficiency standards without raising immediate governance flags.

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

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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^*

Trotter Mitchell

(Last) (First) (Middle)

EON RESOURCES INC.

3730 KIRBY DRIVE, SUITE 1200

(Street)

HOUSTON TX 77098

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EON Resources Inc. [ EONR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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
Class A Common Stock	08/19/2025	08/19/2025	P		100,000	A	$0.3589(1)	154,398	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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $0.3348 to $0.3649 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

	/s/ Mitchell B. Trotter	08/19/2025
	** 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.
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FAQ

What did the Form 4 filed by Mitchell B. Trotter report for EON Resources Inc. (EONR)?

The Form 4 reports that Mitchell B. Trotter disposed of 100,000 shares on 08/19/2025 at a weighted average price of $0.3589, leaving him with 154,398 shares.

What price range were the EONR shares sold at according to the filing?

The shares were sold in multiple transactions at prices ranging from $0.3348 to $0.3649, with a weighted average of $0.3589.

What roles does the reporting person hold at EON Resources Inc. (EONR)?

The filing identifies Mitchell B. Trotter as a director and the Chief Financial Officer of EON Resources Inc.

How many shares does Mitchell B. Trotter beneficially own after the reported transactions?

Following the reported transactions, Mitchell B. Trotter beneficially owned 154,398 shares.

Does the Form 4 explain why the shares were sold?

No. The filing states only the sale prices and offers to provide a breakdown of shares sold at each price upon request; it does not state a reason for the sales.