Trio CEO Ross Sells Shares to Cover Tax Withhold
Trio Petroleum Corp reported an insider transaction by Chief Executive Officer and director Robin A. Ross.
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Rhea-AI Filing Summary
Trio Petroleum Corp reported an insider transaction by Chief Executive Officer and director Robin A. Ross. On 01/14/2026, Ross sold 37,500 shares of Trio Petroleum common stock. According to the disclosure, the sale was made to cover taxes related to restricted stock issued to him in 2025 and was based on shares sold at an average price of $0.8894.
Following this tax-covering sale, Ross beneficially owned 737,500 shares of Trio Petroleum common stock, held directly. This filing provides transparency into the CEO’s shareholdings and explains that the transaction is linked to equity compensation rather than a discretionary sale unrelated to prior awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 37,500 | $0.00 | $0.00 |
Footnotes (2)
- F1. 1 The purpose of the sale is to cover taxes with respect to the issuance of restricted stock to Mr. Ross in 2025.
- F2. Based upon shares sold at an average of $0.8894. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TPET CEO Robin A. Ross report?
CEO and director Robin A. Ross reported selling 37,500 shares of Trio Petroleum common stock on 01/14/2026 in a Form 4 insider transaction.
What is Robin A. Ross’s role at Trio Petroleum Corp (TPET)?
Robin A. Ross is reported as both a Director and an Officer, serving as Chief Executive Officer of Trio Petroleum Corp.
Was the TPET insider transaction made under a Rule 10b5-1 plan?
The provided content includes a general reference to the Rule 10b5-1(c) checkbox, but does not indicate that this specific transaction was made pursuant to such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.