Form 4: Empire Petroleum Director Boosts Stake

Empire Petroleum Corp's Director and 10% Owner, Phil E. Mulacek, acquired additional common stock in late December 2025.

Summary

• Phil E. Mulacek, a Director and 10% Owner of Empire Petroleum Corp (EP), acquired additional shares of common stock.
• On December 29, 2025, Mulacek purchased 5,367 shares of common stock at a price of $3 per share.
• On December 30, 2025, Mulacek purchased an additional 84 shares of common stock at a price of $3 per share.
• Following these transactions, Mulacek directly beneficially owns 6,166,932 shares of common stock.
• Mulacek also holds indirect beneficial ownership of common stock through several 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.

Sentiment

Score: 7

Explanation: Insider buying by a significant owner and director typically indicates confidence in the company's prospects, suggesting a positive sentiment.

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 acquisitions were made at a consistent price of $3 per share, indicating a specific valuation point for the insider's investment.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Acquisition of common stock by Phil E. Mulacek, a Director and 10% Owner of Empire Petroleum Corp.

Stakeholder Impact

• Shareholders: May interpret the insider buying as a positive signal, potentially boosting investor confidence and demand for the stock.
• Management/Employees: Could see this as a vote of confidence from a key stakeholder, potentially impacting morale positively.

Key Dates

Recommendation

The acquisition of additional common stock by a Director and 10% Owner, Phil E. Mulacek, suggests confidence in Empire Petroleum Corp's future prospects. While this insider buying is a positive signal, a comprehensive investment decision would require further analysis of the company's financial performance, strategic initiatives, and broader market conditions beyond this Form 4 filing.

Keywords

Empire Petroleum, EP, Form 4, Insider Trading, Stock Purchase, Beneficial Ownership, Director, 10% Owner, Phil E. Mulacek, Common Stock