Tax-covering share sale by Trio Petroleum (NYSE: TPET) CEO Ross files
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.
Positive
- None.
Negative
- None.
FAQ
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.
Why did TPET CEO Robin A. Ross sell 37,500 shares?
The filing states that the purpose of the sale is to cover taxes related to the issuance of restricted stock to Mr. Ross in 2025.
At what price were Robin A. Ross’s TPET shares sold?
The shares were sold based on an average price of $0.8894. The filing notes that the full price breakdown is available to the SEC upon request.
How many TPET shares does Robin A. Ross own after this transaction?
After the reported sale, Robin A. Ross beneficially owned 737,500 shares of Trio Petroleum common stock, held directly.
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.