Michael R. Morrisett, President and CEO and Director of Empire Petroleum Corp, filed a Form 4 on October 27, 2026, reporting the acquisition of 6,277 shares of common stock on October 23, 2026, through an in-kind fund distribution at no cost.

Key Highlights

  • Reporting person: Michael R. Morrisett, serving as President and CEO and Director of Empire Petroleum Corp
  • Transaction date: October 23, 2026
  • Shares acquired: 6,277 shares of common stock, received at a price of $0
  • Transaction code: J, reflecting an in-kind distribution from a fund to certain of its investors, including Morrisett
  • Resulting ownership: 368,974 shares of common stock beneficially owned directly following the transaction
  • No consideration paid: The filing states the shares were received "for no consideration"

Empire Petroleum CEO Morrisett Adds Shares Through In-Kind Fund Distribution

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Michael R. Morrisett reported a change in his beneficial ownership of Empire Petroleum Corp (NYSE:EP) common stock. The transaction, dated October 23, 2026, was coded as a "J" transaction, which the filing's footnote explains as an in-kind distribution by a fund to certain of its investors, with Morrisett identified as one of those investors.

The filing discloses that Morrisett acquired 6,277 shares at a recorded price of $0, consistent with the footnote stating the distribution was made "for no consideration." Following this transaction, the filing reports that Morrisett directly holds 368,974 shares of Empire Petroleum common stock. No derivative securities transactions were reported in Table II of the filing.

The Form 4 was signed by Michael R. Morrisett and filed on October 27, 2026. Morrisett's address is listed as 2200 S. Utica Place, Suite 150, Tulsa, Oklahoma 74114. No amendment date is indicated, and the filing was made by one reporting person. No 10b5-1 plan checkbox was indicated for this transaction.

What Was Disclosed

Empire Petroleum Corp's President and CEO and Director, Michael R. Morrisett, disclosed the acquisition of 6,277 shares of common stock on October 23, 2026, via an in-kind fund distribution for no consideration, bringing his direct beneficial ownership to 368,974 shares.