HighPeak Energy (HPK) director receives 18,940-share restricted stock award

Rhea-AI Filing Summary

Fulgham Sharon F. reported acquisition or exercise transactions in this Form 4 filing.

HighPeak Energy, Inc. director Sharon F. Fulgham received an award of 18,940 shares of common stock as restricted stock. The grant carried a stated price of $0.00 per share, indicating it is compensation rather than an open-market purchase. After this award, she directly holds 84,427 shares. The restricted stock will vest only if she continues to serve on the board until the earlier of a change of control of the company or the date of the next annual meeting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fulgham Sharon F.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.0001 per share	18,940	$0.00	--

Holdings After Transaction: Common Stock, par value $0.0001 per share — 84,427 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock awarded: 18,940 shares Award price per share: $0.00 per share Shares held after grant: 84,427 shares +1 more

4 metrics

Restricted stock awarded 18,940 shares Grant of common stock to director Sharon F. Fulgham

Award price per share $0.00 per share Restricted stock compensation grant

Shares held after grant 84,427 shares Direct holdings following restricted stock award

Transaction date 2026-06-02 Date of restricted stock award

Key Terms

restricted stock, change of control, annual meeting, board of directors

4 terms

restricted stock financial

"Award represents shares of restricted stock that vest subject to the Reporting Person's continuous service"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

change of control financial

"vest subject to ... continuous service ... on the earlier of (i) a change of control or (ii) the date"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

annual meeting financial

"the earlier of (i) a change of control or (ii) the date of the Company's next annual meeting"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

board of directors financial

"subject to the Reporting Person's continuous service on the board of directors of HighPeak Energy, Inc."

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Fulgham Sharon F.

(Last) (First) (Middle)

421 W. 3RD STREET, SUITE 1000

(Street)

FORT WORTH TEXAS 76102

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Stock, par value $0.0001 per share	06/02/2026		A		18,940(1)	A	$0	84,427	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. Award represents shares of restricted stock that vest subject to the Reporting Person's continuous service on the board of directors of HighPeak Energy, Inc. (the "Company") on the earlier of (i) a change of control or (ii) the date of the Company's next annual meeting.

	/s/ Steven W. Tholen as Attorney in Fact for Sharon F. Fulgham	06/02/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did HighPeak Energy (HPK) disclose in this Form 4 for Sharon F. Fulgham?

HighPeak Energy reported that director Sharon F. Fulgham received 18,940 shares of restricted common stock as a compensation award. These shares vest based on her continued board service, rather than reflecting an open-market stock purchase or sale.

How many HighPeak Energy (HPK) shares did Sharon F. Fulgham acquire?

Sharon F. Fulgham acquired 18,940 shares of HighPeak Energy common stock through a restricted stock award. This is a single grant, not a series of market trades, and the award is subject to vesting conditions tied to her board service.

What are the vesting conditions for Sharon F. Fulgham’s HPK restricted stock?

The restricted stock vests only if Sharon F. Fulgham maintains continuous service on HighPeak Energy’s board. Vesting occurs on the earlier of a change of control of the company or the date of the company’s next annual shareholder meeting.

What is Sharon F. Fulgham’s total HPK shareholding after this Form 4 transaction?

Following the restricted stock award, Sharon F. Fulgham directly holds 84,427 shares of HighPeak Energy common stock. This total includes the newly granted 18,940 restricted shares, which remain subject to the specified service-based vesting conditions.

Was cash paid for Sharon F. Fulgham’s HighPeak Energy restricted stock award?

No cash was paid for the award; the transaction price per share is recorded as $0.00. This indicates the 18,940 shares were granted to Sharon F. Fulgham as equity compensation, rather than purchased on the open market.

Is this HighPeak Energy (HPK) Form 4 a routine compensation grant?

The filing shows a single restricted stock award to a director with a $0.00 per-share price and service-based vesting. These details are consistent with routine equity compensation for board members rather than discretionary insider buying or selling in the market.