Trio Petroleum (TPET): Director Receives 250,000 Vested Shares

Trio Petroleum director Thomas J. Pernice was awarded 250,000 restricted shares under the companys 2022 Equity Incentive Plan that vested upon issuance.

Rhea-AI Filing Summary

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.

Positive

• 250,000 restricted shares were awarded to the director and vested upon issuance, immediately increasing his direct ownership to 267,750 shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Director Thomas Pernice acquired 250,000 vested restricted shares, raising his beneficial ownership to 267,750.

The Form 4 records a direct acquisition of restricted common stock that vested on issuance. The report lists the security class and post-transaction beneficial ownership but omits a transaction price or aggregate value, limiting immediate valuation analysis. As a standalone disclosure, this appears to be a routine director grant rather than an open-market purchase or sale.

Corporate Governance Expert

TL;DR: Immediate vesting of a director grant under the 2022 Plan increases alignment but the filing lacks valuation and percentage ownership context.

The filing shows the award came under the issuers 2022 Equity Incentive Plan and vested upon issuance, which means the director acquired full ownership rights at grant. For governance review, the key facts are the award size (250,000 shares) and the updated holding (267,750). The form does not include rationale, grant date beyond the transaction date, or dilution metrics, so assessment of governance implications is constrained by missing data.

Insider Trade Summary

Grant/Award: 250,000 shares

Grant/Award 1 txn

Insider PERNICE THOMAS J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	250,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 267,750 shares (Direct)

Footnotes (1)

1. F1. Represents 250,000 restricted stock of the issuer awarded to Mr. Pernice under the 2022 Equity Incentive Plan (the "2022 Plan"), which restricted stock vested upon issuance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Trio Petroleum (TPET) report?

The company reported that director Thomas J. Pernice acquired 250,000 restricted common shares that vested upon issuance.

When was the transaction reported on the Form 4 for TPET?

The Form 4 records the transaction date as 08/01/2025.

How many shares does Thomas Pernice beneficially own after the transaction?

Following the reported transaction, Mr. Pernice beneficially owns 267,750 shares.

Does the Form 4 disclose a price or value for the restricted shares?

No. The filing does not disclose a per-share price or the aggregate value of the award.

Under what plan were the restricted shares granted?

The restricted shares were awarded under Trio Petroleums 2022 Equity Incentive Plan, per the forms explanation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/12/2025 - 02:37 PM EDT Learn about SEC filing dates

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^*

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)
08/01/2025

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	08/01/2025		A		250,000	A	(1)	267,750	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. Represents 250,000 restricted stock of the issuer awarded to Mr. Pernice under the 2022 Equity Incentive Plan (the "2022 Plan"), which restricted stock vested upon issuance.

	/s/ Thomas Pernice	08/11/2025
	** 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).
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