HighPeak Energy (HPK) director awarded 18,940 restricted shares in equity grant

Rhea-AI Filing Summary

Chernosky Jay M. reported acquisition or exercise transactions in this Form 4 filing.

HighPeak Energy director Jay M. Chernosky received an equity award of 18,940 shares of restricted common stock. The shares were granted at no cash cost and will vest if he continues serving on the board until the earlier of a change of control or the company’s next annual meeting. Following this grant, he directly holds 79,897 shares of HighPeak Energy common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chernosky Jay M.

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 — 79,897 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 18,940 shares Grant price per share: $0.0000 per share Shares held after grant: 79,897 shares

3 metrics

Restricted stock grant 18,940 shares Grant of restricted common stock to director Jay M. Chernosky

Grant price per share $0.0000 per share Reported transaction price for restricted stock award

Shares held after grant 79,897 shares Total direct common stock holdings after the transaction

Key Terms

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

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

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

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.

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.

annual meeting financial

"on 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.

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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^*

Chernosky Jay M.

(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	79,897	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 Jay M. Chernosky	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 insider transaction did HighPeak Energy (HPK) director Jay M. Chernosky report?

Jay M. Chernosky reported receiving an award of 18,940 shares of restricted common stock in HighPeak Energy. The award was classified as a grant or other acquisition and did not involve a cash purchase in the open market.

How many HighPeak Energy (HPK) shares does Jay M. Chernosky hold after this Form 4?

After the reported transaction, Jay M. Chernosky directly holds 79,897 shares of HighPeak Energy common stock. This total includes the newly granted 18,940 restricted shares that are subject to future vesting conditions tied to his board service.

What are the vesting conditions for Jay M. Chernosky’s 18,940 restricted HighPeak Energy (HPK) shares?

The 18,940 restricted shares vest if Chernosky remains on HighPeak Energy’s board until the earlier of a change of control or the company’s next annual meeting. Continuous board service is required for the restricted stock to fully vest under this award.

Did Jay M. Chernosky buy or sell HighPeak Energy (HPK) shares for cash in this filing?

The Form 4 shows no open-market buying or selling for cash. Instead, Chernosky received 18,940 shares as a restricted stock grant, recorded at a price of $0.0000 per share, reflecting a compensation-related equity award rather than a market transaction.

Is the HighPeak Energy (HPK) Form 4 transaction a derivative exercise or an RSU conversion?

No, the filing describes a direct grant of restricted common stock, not a derivative exercise or RSU conversion. The award is classified as a grant or other acquisition of common stock, with vesting based on continued service on the board of directors.