STOCK TITAN

[Form 4] Trio Petroleum Corp. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
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.

Il direttore di Trio Petroleum Thomas J. Pernice ha ricevuto 250,000 azioni soggette a restrizioni ai sensi del Piano di Incentivazione Azionaria 2022 della società, che sono diventate di sua proprietà al momento dell'emissione. Il Modulo 4 riporta l'acquisizione in data 08/01/2025 e indica la sua partecipazione beneficiaria dopo la transazione pari a 267,750 azioni. Il deposito non riporta il prezzo per azione né il valore complessivo dell'assegnazione.

Questa comunicazione documenta una concessione azionaria a livello di consiglio che aumenta immediatamente la proprietà diretta. Il modulo indica la classe di titoli, il numero di azioni acquisite e il totale aggiornato della partecipazione beneficiaria, ma non fornisce contesto come la percentuale rispetto alle azioni in circolazione o dettagli compensativi correlati.

El director de Trio Petroleum, Thomas J. Pernice, recibió 250,000 acciones restringidas según el Plan de Incentivos de Capital 2022 de la compañía que se consolidaron al emitirse. El Formulario 4 informa la adquisición con fecha 08/01/2025 y muestra su participación beneficiaria tras la operación en 267,750 acciones. La presentación no revela el precio por acción ni el valor total de la adjudicación.

Esta divulgación documenta una concesión accionaria a nivel de director que incrementa de inmediato la tenencia directa. El formulario facilita la clase de valor, el número de acciones adquiridas y el total actualizado de la participación beneficiaria, pero no aporta contexto como el porcentaje sobre las acciones en circulación ni detalles de compensación relacionados.

Trio Petroleum 이사 Thomas J. Pernice는 회사의 2022 주식 인센티브 플랜에 따라 250,000 제한부 주식을 부여받았으며, 해당 주식은 발행 시 즉시 취득되었습니다. Form 4는 취득일을 08/01/2025로 보고하고 이번 거래 후 그의 실소유 지분을 267,750주로 기재했습니다. 신고서에는 주당 가격이나 부여의 총액은 명시되어 있지 않습니다.

이 공시는 이사 수준의 주식 부여로 직접 보유가 즉시 증가했음을 문서화합니다. 양식에는 증권의 종류, 취득한 주식 수 및 갱신된 실소유 총액이 기재되어 있으나, 발행 주식 대비 비율이나 관련 보상 세부사항과 같은 배경 정보는 제공하지 않습니다.

Le administrateur de Trio Petroleum, Thomas J. Pernice, s'est vu attribuer 250,000 actions restreintes dans le cadre du Plan d'incitation en actions 2022 de la société, qui ont été acquises dès leur émission. Le formulaire 4 rapporte l'acquisition au 08/01/2025 et indique sa participation bénéficiaire après la transaction à 267,750 actions. Le dépôt ne précise ni le prix par action ni la valeur globale de l'attribution.

Cette divulgation documente une attribution d'actions au niveau du conseil qui augmente immédiatement la détention directe. Le formulaire précise la catégorie de titres, le nombre d'actions acquises et le total actualisé de la participation bénéficiaire, mais n'apporte pas de contexte tel que le pourcentage des actions en circulation ni des détails sur la rémunération associée.

Der Director von Trio Petroleum, Thomas J. Pernice, erhielt 250,000 eingeschränkte Aktien im Rahmen des Equity Incentive Plans 2022 der Gesellschaft, die bei Ausgabe sofort erworben wurden. Das Formular 4 meldet den Erwerb zum 08/01/2025 und weist seinen wirtschaftlichen Eigentumsanteil nach der Transaktion mit 267,750 Aktien aus. Die Einreichung nennt weder einen Preis pro Aktie noch den Gesamtwert der Zuteilung.

Diese Offenlegung dokumentiert eine zuteilungsbedingte Aktiengewährung auf Direktorenebene, die die direkte Beteiligung unmittelbar erhöht. Das Formular nennt die Wertpapierklasse, die Anzahl der erworbenen Aktien und die aktualisierte Summe des wirtschaftlichen Eigentums, liefert jedoch keinen Kontext wie den Anteil an den ausstehenden Aktien oder Details zur Vergütung.

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

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.

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.

Il direttore di Trio Petroleum Thomas J. Pernice ha ricevuto 250,000 azioni soggette a restrizioni ai sensi del Piano di Incentivazione Azionaria 2022 della società, che sono diventate di sua proprietà al momento dell'emissione. Il Modulo 4 riporta l'acquisizione in data 08/01/2025 e indica la sua partecipazione beneficiaria dopo la transazione pari a 267,750 azioni. Il deposito non riporta il prezzo per azione né il valore complessivo dell'assegnazione.

Questa comunicazione documenta una concessione azionaria a livello di consiglio che aumenta immediatamente la proprietà diretta. Il modulo indica la classe di titoli, il numero di azioni acquisite e il totale aggiornato della partecipazione beneficiaria, ma non fornisce contesto come la percentuale rispetto alle azioni in circolazione o dettagli compensativi correlati.

El director de Trio Petroleum, Thomas J. Pernice, recibió 250,000 acciones restringidas según el Plan de Incentivos de Capital 2022 de la compañía que se consolidaron al emitirse. El Formulario 4 informa la adquisición con fecha 08/01/2025 y muestra su participación beneficiaria tras la operación en 267,750 acciones. La presentación no revela el precio por acción ni el valor total de la adjudicación.

Esta divulgación documenta una concesión accionaria a nivel de director que incrementa de inmediato la tenencia directa. El formulario facilita la clase de valor, el número de acciones adquiridas y el total actualizado de la participación beneficiaria, pero no aporta contexto como el porcentaje sobre las acciones en circulación ni detalles de compensación relacionados.

Trio Petroleum 이사 Thomas J. Pernice는 회사의 2022 주식 인센티브 플랜에 따라 250,000 제한부 주식을 부여받았으며, 해당 주식은 발행 시 즉시 취득되었습니다. Form 4는 취득일을 08/01/2025로 보고하고 이번 거래 후 그의 실소유 지분을 267,750주로 기재했습니다. 신고서에는 주당 가격이나 부여의 총액은 명시되어 있지 않습니다.

이 공시는 이사 수준의 주식 부여로 직접 보유가 즉시 증가했음을 문서화합니다. 양식에는 증권의 종류, 취득한 주식 수 및 갱신된 실소유 총액이 기재되어 있으나, 발행 주식 대비 비율이나 관련 보상 세부사항과 같은 배경 정보는 제공하지 않습니다.

Le administrateur de Trio Petroleum, Thomas J. Pernice, s'est vu attribuer 250,000 actions restreintes dans le cadre du Plan d'incitation en actions 2022 de la société, qui ont été acquises dès leur émission. Le formulaire 4 rapporte l'acquisition au 08/01/2025 et indique sa participation bénéficiaire après la transaction à 267,750 actions. Le dépôt ne précise ni le prix par action ni la valeur globale de l'attribution.

Cette divulgation documente une attribution d'actions au niveau du conseil qui augmente immédiatement la détention directe. Le formulaire précise la catégorie de titres, le nombre d'actions acquises et le total actualisé de la participation bénéficiaire, mais n'apporte pas de contexte tel que le pourcentage des actions en circulation ni des détails sur la rémunération associée.

Der Director von Trio Petroleum, Thomas J. Pernice, erhielt 250,000 eingeschränkte Aktien im Rahmen des Equity Incentive Plans 2022 der Gesellschaft, die bei Ausgabe sofort erworben wurden. Das Formular 4 meldet den Erwerb zum 08/01/2025 und weist seinen wirtschaftlichen Eigentumsanteil nach der Transaktion mit 267,750 Aktien aus. Die Einreichung nennt weder einen Preis pro Aktie noch den Gesamtwert der Zuteilung.

Diese Offenlegung dokumentiert eine zuteilungsbedingte Aktiengewährung auf Direktorenebene, die die direkte Beteiligung unmittelbar erhöht. Das Formular nennt die Wertpapierklasse, die Anzahl der erworbenen Aktien und die aktualisierte Summe des wirtschaftlichen Eigentums, liefert jedoch keinen Kontext wie den Anteil an den ausstehenden Aktien oder Details zur Vergütung.

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).
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 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.
TRIO PETROLEUM CORP

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