HighPeak Energy (HPK) EVP granted 50,000 restricted shares in Form 4 filing

Rhea-AI Filing Summary

HighPeak Energy, Inc. Executive Vice President William Ryan Hightower reported an equity award of company stock. On January 9, 2026, he was granted 50,000 shares of restricted common stock of HighPeak Energy, Inc. at a reported price of $0 per share, reflecting a compensatory award rather than an open‑market purchase.

According to the filing, these restricted shares vest in three equal installments: one‑third on each of the first, second and third anniversaries of the grant date. After this grant, Hightower directly holds 372,668 shares of HighPeak common stock. The filing also notes an additional 4,720 shares held indirectly by his daughter, for which Hightower disclaims beneficial ownership except to the extent of any pecuniary interest.

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

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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^*

Hightower William Ryan

(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)
	Executive Vice President

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	372,668	D
Common Stock, par value $0.0001 per share								4,720	I	By Daughter(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 common 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 grant and one-third on the third anniversary of the date of the grant.

2. The reporting person disclaims beneficial ownership of the common stock held by the reporting person's daughter (the "Record Holder") except to the extent of his pecuniary interest in the Record Holder, and this report shall not be deemed an admission that he is the beneficial ownership of such securities for purposes of Section 16 or for any other purpose. The reporting person disclaims beneficial ownership of the securities held by his daughter, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

	/s/ Steven W. Tholen as Attorney in Fact for William Ryan Hightower	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).
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FAQ

What insider transaction did HighPeak Energy (HPK) report for William Ryan Hightower?

The Form 4 reports that Executive Vice President William Ryan Hightower received an award of 50,000 shares of restricted common stock of HighPeak Energy, Inc. on January 9, 2026, coded as an acquisition.

At what price were the 50,000 HighPeak Energy (HPK) shares granted to the executive?

The filing shows that the 50,000 restricted common shares granted to William Ryan Hightower on January 9, 2026 had a reported price of $0 per share, indicating a compensatory equity award.

What is the vesting schedule for William Ryan Hightower’s restricted HighPeak Energy shares?

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

How many HighPeak Energy (HPK) shares does William Ryan Hightower beneficially own after this transaction?

Following the reported grant, William Ryan Hightower is shown as directly owning 372,668 shares of HighPeak Energy common stock. The Form 4 also lists 4,720 shares held indirectly by his daughter, with Hightower disclaiming beneficial ownership of those shares except to the extent of any pecuniary interest.

How are HighPeak Energy shares held by William Ryan Hightower’s daughter treated in the Form 4?

The Form 4 shows 4,720 shares of HighPeak Energy common stock held indirectly "By Daughter". A footnote states that Hightower disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and that the report is not an admission that he is the beneficial owner for Section 16 or any other purpose.

What is William Ryan Hightower’s role at HighPeak Energy (HPK) according to this filing?

The filing identifies William Ryan Hightower as an officer of HighPeak Energy, Inc., serving in the role of Executive Vice President, and the Form 4 is filed for him as a single reporting person.