STOCK TITAN

Trio Petroleum Executive Plans Stock Sale Following Compensation Award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Trio Petroleum Corp (TPET) has filed a Form 144 notice for a proposed sale of securities. An insider plans to sell 12,000 shares of common stock with an aggregate market value of $14,946.00, through broker Oppenheimer & Co.

The securities were originally acquired on June 25, 2024 as compensation from the issuer. The planned sale represents approximately 0.16% of the company's total outstanding shares of 7,522,499. The transaction is scheduled to occur on the NYSE around June 25, 2025.

Key points:

  • Share price implied by filing: ~$1.25 per share
  • No other securities were sold by the same person in the past 3 months
  • Shares were acquired through compensation arrangement, not purchased

Positive

  • None.

Negative

  • Insider plans to sell 12,000 shares worth $14,946, though the relatively small transaction size (approximately 0.16% of outstanding shares) suggests limited significance

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many shares of TPET stock are being sold according to the Form 144 filing from June 2025?

According to the Form 144 filing, an insider is planning to sell 12,000 shares of TPET common stock through Oppenheimer & Co, Inc., with an aggregate market value of $14,946.00.

What is the total number of outstanding shares for TPET as of June 2025?

According to the Form 144 filing, TPET has 7,522,499 shares outstanding as of June 2025.

How did the TPET insider acquire the shares being sold?

The shares were acquired on June 25, 2024 as compensation from the issuer (TPET). The filing indicates 12,000 shares were received as compensation with no cash payment required.

Has the TPET insider sold any other shares in the past 3 months before this Form 144 filing?

No, the Form 144 filing explicitly indicates 'Nothing to Report' in the section detailing securities sold during the past 3 months by the person filing the notice.

What is the planned date of sale for the TPET shares according to the Form 144?

The approximate date of sale is listed as June 25, 2025, and the shares are planned to be sold on the NYSE (New York Stock Exchange).