Was the Trio Petroleum (TPET) CEO’s share sale part of an options exercise?

No. The reported transaction involves common stock and is coded as an open-market sale, not an option exercise. Footnotes clarify the purpose was to cover taxes arising from restricted stock issued in 2025, rather than from exercising stock options or derivatives.

Trio Petroleum (NYSE: TPET) CEO trims stake in 12,500-share tax sale

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Trio Petroleum Corp Chief Executive Officer Robin A. Ross reported an open-market sale of 12,500 shares of common stock on May 6, 2026.

According to the filing, the sale was made to cover taxes related to restricted stock issued to him in 2025, at an average price of $0.4658 per share. After this transaction, Ross directly holds 650,000 shares of Trio Petroleum common stock.

Insider Trade Summary 10b5-1

1 transaction reported

Net Sell 1 txn

Insider Ross Robin A.

Role Chief Executive Officer

Sold 12,500 shs ($0.00)

Type	Security	Shares	Price	Value
Sale	Common Stock	12,500	$0.00	--

Holdings After Transaction: Common Stock — 650,000 shares (Direct, null)

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 $0.4658. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.

Key Figures

Shares sold: 12,500 shares Average sale price: $0.4658 per share Shares held after transaction: 650,000 shares

3 metrics

Shares sold 12,500 shares Open-market sale of common stock on May 6, 2026

Average sale price $0.4658 per share Average price for CEO’s 12,500-share sale

Shares held after transaction 650,000 shares Direct holdings of CEO Robin A. Ross after sale

Key Terms

restricted stock, open-market sale, Form 4

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 04:57 PM

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^*

Ross Robin A.

(Last)

(First)

(Middle)

23823 MALIBU ROAD,

SUITE 304

(Street)

MALIBU

CALIFORNIA

90265

(City)

(State)

(Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		S⁽¹⁾		12,500	D	⁽²⁾	650,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The purpose of the sale is to cover taxes with respect to the issuance of restricted stock to Mr. Ross in 2025.

2. Based upon shares sold at an average of $0.4658. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.

	/s/ Robin A. Ross	05/07/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Trio Petroleum (TPET) report for its CEO?

Trio Petroleum reported that CEO Robin A. Ross sold 12,500 common shares. The Form 4 states the sale occurred on May 6, 2026, at an average price of $0.4658 per share, leaving him with 650,000 shares directly held after the transaction.

Why did Trio Petroleum (TPET) CEO Robin A. Ross sell 12,500 shares?

The filing explains the 12,500-share sale was made to cover taxes tied to restricted stock issued to Robin A. Ross in 2025. This indicates the transaction was primarily tax-related rather than a discretionary reduction of his overall Trio Petroleum equity position.

How many Trio Petroleum (TPET) shares does the CEO hold after this Form 4?

After selling 12,500 shares, CEO Robin A. Ross directly holds 650,000 Trio Petroleum common shares. This post-transaction figure in the Form 4 shows he retains a substantial equity stake in the company despite the tax-related share sale.

At what price were the Trio Petroleum (TPET) shares sold by the CEO?

The Form 4 states that the 12,500 Trio Petroleum shares were sold at an average price of $0.4658 per share. A footnote notes this is an average and that a full breakdown of individual trade prices is available to the SEC upon request.