Form 4: Empire Petroleum Director Boosts Stake

Phil E. Mulacek, a Director and 10% owner of Empire Petroleum Corp, increased his direct beneficial ownership through recent stock purchases.

Summary

• Phil E. Mulacek, a Director and 10% owner of Empire Petroleum Corp (EP), reported two direct purchases of common stock.
• On October 20, 2025, Mulacek acquired 8,190 shares at a weighted average price of $3.5754 per share, with prices ranging from $3.55 to $3.60.
• On October 22, 2025, an additional 4,000 shares were purchased at a price of $3.75 per share.
• Following these transactions, Mulacek directly beneficially owns 5,375,015 shares of common stock.
• Mulacek also holds indirect beneficial ownership of 1,871,597 shares through various entities: 817,262 shares via Petroleum Independent & Exploration LLC, 526,300 shares via Big Red Revocable Trust, 485,202 shares via Five Sterling LP, and 42,833 shares via his spouse.
• The total beneficial ownership for Phil E. Mulacek, including direct and indirect holdings, amounts to 7,246,612 shares.

Sentiment

Score: 8

Explanation: The sentiment is positive due to significant insider buying by a Director and 10% owner, indicating strong confidence in the company's prospects and valuation.

Positives

• A Director and 10% owner, Phil E. Mulacek, increased his direct beneficial ownership in Empire Petroleum Corp, signaling confidence in the company's future prospects.
• The purchases were made at prices ranging from $3.55 to $3.75 per share, indicating a belief in value at these levels.

Future Outlook

NA

Industry Context

This insider transaction reflects a specific individual's investment decision within Empire Petroleum Corp and does not directly provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders may view this insider buying as a positive indicator, potentially increasing investor confidence and demand for the stock.

Key Dates

Recommendation

A seasoned investor would interpret the substantial increase in direct beneficial ownership by a Director and 10% owner, Phil E. Mulacek, as a strong vote of confidence in Empire Petroleum Corp's future. Such insider buying often precedes positive company developments or reflects a belief that the stock is undervalued, making it a compelling 'buy' signal.

Keywords

Empire Petroleum, EP, Phil E. Mulacek, Insider Buying, Stock Purchase, Director, 10% Owner, Beneficial Ownership