Form 4: Empire Petroleum Corp: Director Phil E. Mulacek Reports Stock Purchases
SEC Form 4 Filing
Director Phil E. Mulacek reports purchasing shares of Empire Petroleum Corp in multiple transactions.
Summary
- On June 25, 2024, Phil E. Mulacek purchased 33,295 shares of Empire Petroleum Corp common stock at a weighted average price of $5.29.
- On June 28, 2024, Mulacek purchased an additional 4,648 shares at $5.39 and 600 shares at $5.62.
- Following these transactions, Mulacek directly owns 4,705,120 shares.
- Mulacek also indirectly owns shares through Petroleum Independent & Exploration LLC (534,936 shares), Big Red Revocable Trust (476,744 shares), Five Sterling LP (435,515 shares), and his spouse (38,661 shares).
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed favorably, but the document is simply a report of transactions.
Positives
- The director's purchase of shares could be interpreted as a positive signal about the company's prospects.
Industry Context
Insider buying is often seen as a positive sign in the oil and gas industry, suggesting confidence in the company's future performance.
Stakeholder Impact
- Shareholders may view the director's stock purchase as a positive indicator of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Phil E. Mulacek purchased 33,295 shares of Empire Petroleum Corp common stock. |
| 06/28/2024 | Phil E. Mulacek purchased 4,648 shares and 600 shares of Empire Petroleum Corp common stock. |
| 07/01/2024 | Date of signature on the Form 4 filing. |
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