HighPeak CFO awarded 50,000 restricted shares

HighPeak Energy, Inc. reported an equity award to its Chief Financial Officer, Steven W. Tholen.

Rhea-AI Filing Summary

HighPeak Energy, Inc. reported an equity award to its Chief Financial Officer, Steven W. Tholen. On 01/09/2026, he received 50,000 shares of common stock as an award coded "A" at a price of $0 per share, indicating a grant of restricted stock rather than an open-market purchase.

The restricted shares vest in three equal installments: one-third on each of the first, second, and third anniversaries of the grant date. After this transaction, Tholen directly beneficially owned 83,755 shares of common stock. He also had 10,009 additional shares reported as indirectly owned through his investment vehicle.

Insider Trade Summary

Grant/Award: 50,000 shares

Grant/Award 2 txns

Insider THOLEN STEVEN W

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.0001 per share	50,000	$0.00	$0.00
holding	Common Stock, par value $0.0001 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.0001 per share — 83,755 shares (Direct); Common Stock, par value $0.0001 per share — 10,009 shares (Indirect, See Footnote)

Footnotes (2)

1. F1. The shares of restricted stock vest in three equal installments: one-third on the first anniversary of the date of the grant, one-third on the second anniversary of the date of the grant and one-third on the third anniversary of the date of the grant.
2. F2. Shares held by the reporting person's investment vehicle.

FAQ

What insider transaction did HighPeak Energy (HPK) report for its CFO?

HighPeak Energy reported that its Chief Financial Officer, Steven W. Tholen, was granted 50,000 shares of common stock as an award on 01/09/2026.

Was the HighPeak Energy (HPK) CFO’s Form 4 transaction a purchase or a grant?

The Form 4 shows transaction code A at a price of $0 per share, indicating an award of restricted stock, not an open-market purchase or sale.

How do the 50,000 restricted shares to the HighPeak (HPK) CFO vest?

The 50,000 restricted shares vest in three equal installments: one-third on the first anniversary of the grant date, one-third on the second, and one-third on the third.

How many HighPeak Energy (HPK) shares does the CFO own after this transaction?

After the award, Steven W. Tholen beneficially owned 83,755 shares directly. An additional 10,009 shares were reported as indirectly owned through his investment vehicle.

What is the nature of the indirect HighPeak (HPK) share ownership reported for the CFO?

The Form 4 notes that 10,009 shares are held by the reporting person’s investment vehicle, and these are reported as indirectly owned.

What position does the reporting person hold at HighPeak Energy (HPK)?

The reporting person, Steven W. Tholen, is an officer of HighPeak Energy, serving as its Chief Financial Officer.

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Accepted by SEC EDGAR 01/09/2026 - 05:12 PM Learn about SEC filing dates

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^*

THOLEN STEVEN W

(Last) (First) (Middle)

421 W. 3RD STREET, SUITE 1000

(Street)

FORT WORTH TX 76102

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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
Common Stock, par value $0.0001 per share	01/09/2026		A		50,000(1)	A	$0	83,755	D
Common Stock, par value $0.0001 per share								10,009	I	See Footnote(2)

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. The shares of restricted stock vest in three equal installments: one-third on the first anniversary of the date of the grant, one-third on the second anniversary of the date of the grant and one-third on the third anniversary of the date of the grant.

2. Shares held by the reporting person's investment vehicle.

	/s/ Steven W. Tholen	01/09/2026
	** 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.