[Form 3] HighPeak Energy, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

HighPeak Energy (HPK): Initial insider ownership filed. Daniel Silver, Director and Vice President Finance, reported beneficial ownership effective 09/15/2025. He holds 357,501 shares directly and additional common stock held indirectly by family members of 2,709 shares. He also reports stock options covering 365,150 shares and 300,000 restricted stock units, with vesting and expiration schedules described in the footnotes.

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^*

Silver Daniel M.

(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)
09/15/2025

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

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

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

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	357,501	D
Common Stock, par value $0.0001 per share	2,709	I	By son
Common Stock, par value $0.0001 per share	2,709	I	By son
Common Stock, par value $0.0001 per share	2,709	I	By daughter
Common Stock, par value $0.0001 per share	2,709	I	By son

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	365,150	(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. Silver 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. Silver'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. Silver'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/ Daniel Silver	10/28/2025
	** 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 5 (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 HighPeak Energy (HPK) disclose in this filing?

An initial insider ownership report by Daniel Silver showing direct, indirect, and derivative holdings as of 09/15/2025.

Who is the reporting person for HPK and what are his roles?

Daniel Silver is a Director and Vice President Finance of HighPeak Energy.

How many HPK common shares does Daniel Silver own directly?

He reported 357,501 shares of common stock held directly.

Are there indirect HPK share holdings reported?

Yes. Indirect holdings include 2,709 shares held by family members.

What HPK derivative securities are reported by Daniel Silver?

Stock options underlying 365,150 shares and 300,000 restricted stock units.

What are key dates for the reported HPK options and RSUs?

RSUs are listed as exercisable on 12/31/2025. Options have grants and expirations tied to 08/22/2030, 11/03/2031, 05/03/2032, and 08/14/2032, with special exercisability terms for the 07/21/2023 grant.

What was the Form 3 event date for HPK?

The event date was 09/15/2025.