Form 4: Vitesse Energy Director Michael Chernoff Reports Stock Transactions

Director Michael Chernoff reports acquisition and disposal of Vitesse Energy stock, including restricted stock units and shares held indirectly through various entities.

Summary

• Michael Chernoff, a director of Vitesse Energy, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 1, 2025, Chernoff acquired 5,952 shares of common stock at $0, likely representing the grant of restricted stock units.
• Chernoff also reported indirect ownership of 1,487,944 shares through Hawthorne Energy Ltd., 211,686 shares through Kai Commercial Trust, and 409 shares through Alpine Capital Corp.
• He disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.
• Chernoff also disposed of 9,235 shares of common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The restricted stock units will vest on the day prior to the Company's 2026 Annual Meeting of Stockholders, subject to continued service through the vesting date, and will be settled in shares of Company common stock following the vesting date unless such settlement is deferred by the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Key Dates

Keywords

Vitesse Energy, Chernoff, Stock, Form 4, Beneficial Ownership, Director, Hawthorne Energy, Kai Commercial Trust, Alpine Capital Corp, Restricted Stock Units