EMPIRE PETROLEUM CORP — Director's Dealing 2025

Sep 26, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

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	$4.27	A		Acquired	2027-09-23	Common Stock (936768)	Direct
2025-09-24	Common Stock Warrant (Right to Buy)	$4.27	A	281030	Acquired	2028-09-24	Common Stock (281030)	Direct

Footnotes

F1: Represents the per share volume-weighted average price of the common stock of the Issuer for the five trading days preceding September 24, 2025, the date of issuance of the Convertible Note.

F2: 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.