HPK insider Form 3 lists 128,555 shares and 300,000 RSUs

Rhea-AI Filing Summary

HighPeak Energy (HPK) reported an insider ownership filing for Executive Vice President William Ryan Hightower. As of the event date, he beneficially owns 128,555 shares of common stock directly and 4,720 shares indirectly held by his daughter.

He also holds derivative awards: stock options for 372,650 shares and 300,000 restricted stock units. The filing notes prior grant dates and vesting, including options granted on July 21, 2023, August 15, 2022, May 4, 2022, November 4, 2021, and August 24, 2020. Certain options are fully vested; remaining options have stated expirations between August 22, 2030 and August 14, 2032, with specific exercisability conditions and a 90‑day exercise window tied to defined events for the July 21, 2023 grant.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Hightower William Ryan

(Last) (First) (Middle)

421 W. 3RD STREET, SUITE 1000

(Street)

FORT WORTH TX 76102

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/04/2025

3. Issuer Name and Ticker or Trading Symbol
HighPeak Energy, Inc. [ HPK ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.0001 per share	128,555	D
Common Stock, par value $0.0001 per share	4,720	I	By daughter

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(1)	(1)	Common Stock, par value $0.0001 per share	372,650	(2)	D
Restricted Stock Units	12/31/2025	(2)	Common Stock, par value $0.0001 per share	300,000	(2)	D

Explanation of Responses:

1. The option awards reported in this row were granted to Mr. Hightower in installments on July 21, 2023, August 15, 2022, May 4, 2022, November 4, 2021 and August 24, 2020. The options granted on July 21, 2023, August 15, 2022 and May 4, 2022 are fully vested. The options granted on August 24, 2020 and November 4, 2021 vested as follows, subject to Mr. Hightower's continuous employment through each such vesting date: one-third on the date of grant, one-third on the first anniversary of the date of grant, and one-third on the second anniversary of the date of grant. The option granted July 21, 2023 is exercisable only during the 90-day period following the earlier to occur of the Mr. Hightower's separation from service due to death or disability, the occurrence of a change of control or August 1, 2026. The remaining options expire ten years after the date of grant, on August 14, 2032, May 3, 2032, November 3, 2031 and August 22, 2030, respectively.

2. Not applicable.

	/s/ Steven W Tholen as Attorney-in-Fact for William Ryan Hightower	11/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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