TRIO PETROLEUM CORP SEC Filings

Trio Petroleum Corp. (TPET) reported continued operating losses and liquidity strain for the period ended July 31, 2025. The company holds an approximate 85.775% working interest (≈68.62% net revenue interest after royalties) in the South Salinas Project and continues to develop multiple oil and gas leases. For the three months ended July 31, 2025 the company reported a loss before income taxes of $1,386,723 and for the nine months a loss before income taxes of $4,566,000, with a reported accumulated deficit of $24,639,679. Cash on hand in the operating bank account was $584,365 and the company reported a working capital deficit of $679,729; it stated it had no cash equivalents as of July 31, 2025. Production from the HV-3A discovery well was idled pending an assessment of options to increase gross production. The filing lists multiple recent financings and convertible debt transactions completed to provide liquidity, and numerous equity issuances, warrant and stock‑based compensation activities that materially affected equity balances.

Trio Petroleum Corp. director and Vice Chairman Stanford Eschner resigned from those roles on August 1, 2025 and simultaneously entered a consulting agreement with the company. Under that agreement he received 15,000 restricted shares issued under the 2022 Equity Incentive Plan that vested upon issuance. After the transaction Mr. Eschner beneficially owns 72,500 common shares, comprised of 25,000 shares held by the Stanford Eschner Trust No. 1 (he holds investment and voting control), 25,000 shares held by Trio LLC (he serves as Executive Chairman and may be deemed to control), and 7,500 shares held directly by him, excluding the 15,000 newly issued restricted shares. The Form 4 was signed by Mr. Eschner on August 25, 2025.

Trio Petroleum director Blake James Howard acquired 250,000 shares of the company's common stock on 08/01/2025 under the 2022 Equity Incentive Plan; the restricted stock vested upon issuance. The Form 4 shows Mr. Howard's beneficial ownership following the transaction as 262,500 shares.

The filing is reported as an individual Form 4 and is signed by the reporting person on 08/15/2025. The disclosure identifies the award as restricted stock granted under the 2022 Plan and confirms the shares vested immediately when issued.

William John Hunter, identified as a director of Trio Petroleum Corp. (TPET), reported an acquisition on Form 4 of 175,000 restricted shares awarded under the company’s 2022 Equity Incentive Plan. The filing states these restricted shares vested upon issuance and are recorded with a transaction date of 08/01/2025.

After the reported acquisition, Mr. Hunter is shown as beneficially owning 203,000 shares of Trio Petroleum in a direct capacity. The Form 4 shows no derivative securities reported and includes a footnote clarifying the 175,000 shares were restricted stock granted under the 2022 Plan.

Trio Petroleum director Thomas J. Pernice was awarded 250,000 restricted shares under the companys 2022 Equity Incentive Plan that vested upon issuance. The Form 4 reports the acquisition as of 08/01/2025 and shows his beneficial ownership following the transaction as 267,750 shares. The filing does not disclose a per-share price or the awards aggregate value.

This disclosure documents a director-level equity grant that immediately increases direct ownership. The form provides the class of security, the number of shares acquired and the updated beneficial ownership total, but it does not provide context such as the grants percentage of outstanding shares or related compensation details.

Trio Petroleum Corp. reported that Robin A. Ross, who serves as Chief Executive Officer and a director, was awarded 625,000 restricted shares under the company’s 2022 Equity Incentive Plan. The restricted stock vested upon issuance, so Ross acquired immediate beneficial ownership of those shares.

Following the award, Ross beneficially owned 787,751 shares. The transaction is reported on a Form 4 as a Section 16 disclosure and shows a transaction date of 08/01/2025. No derivative securities were reported in the filing and no cash purchase was indicated.