Trio Petroleum (NYSE: TPET) director sells 42,750 shares of stock

Rhea-AI Filing Summary

Trio Petroleum Corp director Thomas J. Pernice reported open-market sales of company common stock. He sold 17,750 shares on October 1, 2025 and 25,000 shares on March 12, 2026, for a total of 42,750 shares sold.

Footnotes state these sales were made to cover taxes related to restricted stock issued to him in 2025. The shares were sold at average prices of $1.7518 and $1.0363, respectively. After the most recent transaction, he directly holds 175,000 Trio Petroleum common shares.

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

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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).

X

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^*

PERNICE THOMAS J

(Last) (First) (Middle)

23823 MALIBU ROAD,

SUITE 304

(Street)

MALIBU CA 90265

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Trio Petroleum Corp [ TPET ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		S(1)		17,750	D	(2)	200,000	D
Common Stock	03/12/2026		S(1)		25,000	D	(3)	175,000	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. The purpose of the sale is to cover taxes with respect to the issuance of restricted stock to Mr. Pernice in 2025.

2. Based upon shares sold at an average of $1.0363. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.

3. Based upon shares sold at an average of $1.7518. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.

	/s/ Thomas Pernice	03/13/2026
	** 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.

FAQ

What insider transactions did Trio Petroleum (TPET) report for Thomas J. Pernice?

Trio Petroleum reported that director Thomas J. Pernice sold a total of 42,750 common shares in open-market transactions. He sold 17,750 shares on October 1, 2025, and 25,000 shares on March 12, 2026, according to the Form 4.

Why did Thomas J. Pernice sell Trio Petroleum (TPET) shares?

A footnote explains the purpose of the sales was to cover taxes related to restricted stock issued to Thomas J. Pernice in 2025. This indicates the transactions were tax-motivated rather than described as discretionary portfolio changes.

At what prices were the Trio Petroleum (TPET) shares sold by Thomas J. Pernice?

The shares sold by Thomas J. Pernice were executed at average prices of $1.7518 and $1.0363. The Form 4 notes these are volume-weighted averages and that full price breakdowns are available to the SEC upon request.

How many Trio Petroleum (TPET) shares does Thomas J. Pernice hold after the reported sales?

After the latest reported transaction on March 12, 2026, Thomas J. Pernice directly holds 175,000 shares of Trio Petroleum common stock. This figure reflects his remaining direct ownership position following the aggregated sales of 42,750 shares.

Were the Trio Petroleum (TPET) insider transactions open-market sales?

Yes. Both transactions are coded as “S”, described as sales in open market or private transactions. The Form 4 labels them as open-market sales of Trio Petroleum common stock by director Thomas J. Pernice.