Form 4: Phil Mulacek Reports Empire Petroleum Corp. Stake

Phil Mulacek, a Director and 10% owner of Empire Petroleum Corp., reported a transaction involving 10,000 shares of common stock acquired at no cost.

Summary

• Phil Mulacek, a Director and 10% owner of Empire Petroleum Corp. (EP), filed a Form 4 reporting a transaction on June 16, 2026.
• The transaction involved the acquisition of 10,000 shares of common stock at a price of $0.
• Following this transaction, Mulacek's total beneficial ownership of common stock is reported as 9,411,581 shares.
• This ownership is held directly and indirectly through various entities including Petroleum Independent & Exploration LLC, Big Red Revocable Trust, Five Sterling LP, and his spouse.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports an insider transaction without providing new financial or strategic information.

Positives

• Phil Mulacek, a key insider, has increased his direct holdings by acquiring 10,000 shares.
• The acquisition was at no cost, indicating a potential grant or award.

Future Outlook

No forward-looking statements or guidance are present in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and reflect changes in beneficial ownership, providing transparency for investors regarding the holdings of directors and significant shareholders.

Stakeholder Impact

• Shareholders gain insight into the direct holdings of a key insider, Phil Mulacek.
• The acquisition of shares at no cost may be viewed positively by the market, indicating potential executive compensation or incentive.

Key Dates

Keywords

Form 4, SEC Filing, Phil Mulacek, Empire Petroleum Corp., EP, Beneficial Ownership, Common Stock, Insider Transaction