Form 4: Silver Point Converts Preferred Stock to GPOR Common

Silver Point Capital and its affiliates converted Series A Convertible Preferred Stock into 1.74 million shares of Gulfport Energy common stock, increasing their direct common stock holdings.

Summary

• Silver Point Capital L.P., Edward A. Mule, and Robert J. O'Shea reported a conversion of derivative securities related to Gulfport Energy Corp (GPOR).
• On September 4, 2025, 23,743 shares of Series A Convertible Preferred Stock were converted into common stock.
• This conversion resulted in the acquisition of 1,741,150 shares of Gulfport Energy Corp common stock.
• Following the transaction, the reporting persons beneficially own 3,739,920 shares of common stock directly.
• An additional 770 shares of common stock are indirectly held by David Reganato, a director and Silver Point employee, for the benefit of Silver Point and its affiliates.
• The reporting persons disclaim beneficial ownership of the reported securities held by the Funds except to the extent of their pecuniary interests.

Sentiment

Score: 7

Explanation: The conversion of preferred stock to common stock by a significant shareholder and director group indicates a simplification of the capital structure and potentially increased confidence in the company's long-term prospects.

Positives

• The conversion of Series A Convertible Preferred Stock into common stock simplifies the capital structure by reducing the number of outstanding preferred shares.
• The increased direct common stock ownership by a significant shareholder and director group (Silver Point Capital, Edward A. Mule, Robert J. O'Shea) may signal confidence in Gulfport Energy's future prospects and long-term value.

Negatives

• No direct negatives are apparent from this conversion transaction, which represents an acquisition of common stock.

Risks

• NA

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• David Reganato, a director of Gulfport Energy and an employee of Silver Point, holds 770 shares of common stock for the benefit of Silver Point and certain of its affiliates. He disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The conversion increases the common stock float and may be viewed as a positive signal of confidence from a major institutional investor and director group, potentially aligning their interests more closely with common shareholders.
• Company: The conversion simplifies the capital structure by reducing the outstanding Series A Convertible Preferred Stock.

Key Dates

Recommendation

The conversion of preferred stock into common stock by a significant institutional investor and director group suggests a long-term commitment and confidence in Gulfport Energy's equity value. This action simplifies the capital structure and aligns the interests of these key stakeholders more closely with common shareholders, making it a positive signal for potential investors.

Keywords

GPOR, Gulfport Energy, Silver Point Capital, Form 4, Insider Transaction, Common Stock, Preferred Stock, Conversion, Beneficial Ownership, Equity