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

Rhea-AI Filing Summary

HighPeak Energy (HPK) executive Christopher Mundy filed an initial ownership report as of 11/04/2025. He directly owns 2,614 shares of common stock and holds stock options covering 249,000 shares.

The options were granted on August 24, 2020; November 4, 2021; May 4, 2022; August 15, 2022; and July 21, 2023. The 2022 and 2023 grants are fully vested; earlier grants vested one‑third at grant and on each of the first and second anniversaries. The July 21, 2023 grant is exercisable only during a 90‑day period tied to specific events or August 1, 2026. Other grants expire between 2030 and 2032.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Mundy Chris

Role SVP, Reserves and Evaluations

Type	Security	Shares	Price	Value
holding	Stock Option (right to buy)	--	--	--
holding	Common Stock, par value $0.0001 per share	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 249,000 shares (Direct); Common Stock, par value $0.0001 per share — 2,614 shares (Direct)

Footnotes (1)

1. The option awards reported in this row were granted to Mr. Mundy 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. Mundy'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. Mundy'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. Not applicable.

Understanding Insider Trading Forms →

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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OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Mundy Chris

(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)
	SVP, Reserves and Evaluations

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	2,614	D

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	249,000	(2)	D

Explanation of Responses:

1. The option awards reported in this row were granted to Mr. Mundy 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. Mundy'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. Mundy'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 Christopher Mundy	11/12/2025
	** 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).
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