Trio Petroleum (TPET) CEO sells 25,000 shares to cover tax on 2025 stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trio Petroleum Corp Chief Executive Officer Robin A. Ross sold 25,000 shares of common stock on April 8, 2026 in an open-market transaction at an average price of $0.5424 per share. According to the footnotes, the sale’s purpose was to cover taxes related to restricted stock issued to him in 2025. After this sale, Ross directly holds 662,500 shares of Trio Petroleum common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Net Sell
1 txn
Insider
Ross Robin A.
Role
Chief Executive Officer
Sold
25,000 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 662,500 shares (Direct)
Footnotes (1)
- The purpose of the sale is to cover taxes with respect to the issuance of restricted stock to Mr. Ross in 2025. Based upon shares sold at an average of $0.5424. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.
Key Figures
Shares sold: 25,000 shares
Average sale price: $0.5424 per share
Shares held after transaction: 662,500 shares
3 metrics
Shares sold
25,000 shares
Open-market sale on April 8, 2026
Average sale price
$0.5424 per share
Average price for 25,000 shares sold
Shares held after transaction
662,500 shares
Direct holdings after April 8, 2026 sale
Key Terms
restricted stock, open-market sale, average of $0.5424
3 terms
restricted stock financial
"to cover taxes with respect to the issuance of restricted stock to Mr. Ross in 2025"
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
average of $0.5424 financial
"Based upon shares sold at an average of $0.5424."
FAQ
What insider transaction did Trio Petroleum (TPET) report for Robin A. Ross?
Trio Petroleum reported that CEO Robin A. Ross sold 25,000 shares of common stock. The sale occurred on April 8, 2026 and was disclosed as an open-market transaction, documented in a Form 4 insider trading report filed with regulators.
Was the Trio Petroleum CEO’s Form 4 transaction an open-market sale?
Yes. The Form 4 classifies Robin A. Ross’s transaction as an open-market sale of common stock. The code “S” and related description indicate a sale in the open market or a private transaction, executed at an average price of $0.5424 per share.