Form 4: ESOA President Boosts Stake with Open Market Purchases

Energy Services of America's President, Douglas V. Reynolds, significantly increased his direct beneficial ownership through multiple open market purchases of common stock.

Summary

• Douglas V. Reynolds, President, Director, and 10% Owner of Energy Services of America Corp (ESOA), reported several transactions involving the company's common stock.
• On December 17, 2025, Reynolds disposed of 3,251 shares of common stock at $0.00 per share for a tax settlement on a Restricted Stock Award.
• Also on December 17, 2025, Reynolds acquired 2,500 shares of common stock at a weighted average price of $8.65 per share.
• On December 18, 2025, Reynolds acquired an additional 2,600 shares of common stock at a weighted average price of $8.35 per share.
• On December 19, 2025, Reynolds acquired 4,000 shares of common stock at a weighted average price of $8.07 per share.
• Following these transactions, Reynolds directly beneficially owns 1,474,961 shares of common stock.
• Additionally, Reynolds indirectly beneficially owns 437,147 shares through his children and 7,176 shares through his 401(k) plan, bringing his total beneficial ownership to 1,919,284 shares.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to significant open market purchases by the company's President, Director, and 10% owner. This strong insider buying signals confidence in the company's valuation and future outlook.

Positives

• The President, a Director, and a 10% owner of the company, Douglas V. Reynolds, made significant open market purchases of common stock, signaling strong confidence in the company's future prospects.
• The cumulative acquisition of 9,100 shares over three days demonstrates a sustained belief in the company's valuation at current price levels.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the company's financial performance or strategic direction. However, the insider purchases by a key executive can be interpreted as a positive signal for the company's future prospects.

Industry Context

Insider buying by a high-ranking executive like the President and a significant owner often indicates a belief that the company's stock is undervalued or that positive developments are anticipated, which can be a strong signal within the energy services industry.

Stakeholder Impact

• Shareholders may view the insider purchases as a strong vote of confidence from management, potentially leading to increased investor interest and positive sentiment.
• Employees might perceive this as a sign of stability and positive future outlook for the company.

Key Dates

Recommendation

The President, Douglas V. Reynolds, who is also a Director and a 10% owner, has significantly increased his direct stake in Energy Services of America through open market purchases. This strong insider buying is a powerful signal of management's confidence in the company's intrinsic value and future growth prospects. Such actions often precede positive developments or indicate a belief that the stock is currently undervalued, making it a compelling 'strong buy' signal for seasoned investors.

Keywords

Energy Services of America, ESOA, Insider Trading, Stock Purchase, Form 4, Douglas V. Reynolds, Common Stock, Beneficial Ownership