EMPIRE PETROLEUM CORP — Director's Dealing 2025

Nov 7, 2025

SEC Form 4/A — Form 4/A

Issuer: EMPIRE PETROLEUM CORP (EP)
CIK: 0000887396
Period of Report: 2025-09-24

Reporting Person: Mulacek Phil E (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-24	Convertible Note Due 2027	$4.32	A		Acquired	2027-09-23	Common Stock (462962)	Direct
2025-09-24	Common Stock Warrant (Right to Buy)	$4.32	A	138889	Acquired	2028-09-24	Common Stock (138889)	Direct

Footnotes

F1: The Convertible Note was amended on November 5, 2025 to increase the conversion price from $4.27 to $4.32, and to provide that the conversion price of $4.32 only applies to the first $2,000,000 already advanced under the Convertible Note. Excludes shares issuable at the election of the Reporting Person upon conversion of any additional advances under the Convertible Note based upon a floating conversion price as set forth in the Convertible Note, as amended.

F2: The Warrant was amended on November 5, 2025 to (a) increase the exercise price of the Warrant from $4.27 to $4.32 and (b) reduce the number of shares of common stock of the Issuer underlying the Warrant from 281,030 to 138,889.

F3: The Warrant becomes exercisable on the date the NYSE American stock exchange approves a supplemental listing application relating to the shares of common stock of the Issuer underlying the Warrant.