Energy Evolution Master Fund, Ltd.

SEC source: 0001072613-26-000569 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,209,953

F1 · kind: The reporting person made an in-kind distribution of these shares of the Issuer to certain of its investors for no consideration.

SEC source: 0001072613-26-000316 · ownership.xml · derivative · entry 2

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Common Stock · 1,855,757 shares

Expires 2026-03-18

F2 · derivative.exercise_price: Represents the exercise price of $2.99 per whole share of common stock in the Rights Offering.

F3 · shares: Each holder of common stock of record as of February 2, 2026 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.095 of a share of common stock, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.

F3 · derivative.underlying_shares: Each holder of common stock of record as of February 2, 2026 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.095 of a share of common stock, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.

SEC source: 0001072613-26-000316 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,151,285

F1 · shares: Represents shares of the Issuer's common stock purchased by the reporting person following the exercise of subscription rights, including over-subscription rights, pursuant to the Issuer's rights offering to holders of common stock, as described in the Issuer's prospectus supplement dated February 2, 2026, as supplemented by the Issuer's prospectus supplement dated February 25, 2026 (the "Rights Offering").

SEC source: 0001072613-26-000034 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,295,528

F1 · kind: Empire Petroleum Corporation ("Empire") had an option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). Empire exercised the remaining portion of the Purchase Option and upon closing of the transaction on January 5, 2026 Empire issued to the reporting person 562,500 shares of common stock valued at $1,800,000 based on a price of $3.20 per share.

F1 · price: Empire Petroleum Corporation ("Empire") had an option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). Empire exercised the remaining portion of the Purchase Option and upon closing of the transaction on January 5, 2026 Empire issued to the reporting person 562,500 shares of common stock valued at $1,800,000 based on a price of $3.20 per share.

SEC source: 0001072613-24-000892 · ownership.xml · derivative · entry 2

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 790,413 shares

Expires 2024-10-24

F2 · derivative.exercise_price: Represents the exercise price of $5.05 per whole share of common stock in the Rights Offering.

F3 · shares: Each holder of common stock of record as of September 30, 2024 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.063 of a share of common stock, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.

F3 · derivative.underlying_shares: Each holder of common stock of record as of September 30, 2024 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.063 of a share of common stock, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.

SEC source: 0001072613-24-000892 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,733,028

F1 · shares: Represents shares of the Issuer's common stock purchased by the reporting person following the exercise of subscription rights, including over-subscription rights, pursuant to the Issuer's rights offering to holders of common stock, as described in the Issuer's prospectus supplement dated September 30, 2024, as supplemented by the Issuer's prospectus supplement dated October 10, 2024 (the "Rights Offering").

SEC source: 0001072613-24-000632 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,942,615

F1 · kind: On August 9, 2023, Empire Petroleum Corporation ("Empire") acquired a one-year option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). In exchange for Empire exercising its right to extend the Purchase Option for an additional one-year period, Empire issued to the reporting person 16,800 shares of common stock valued at $71,400 (or $4.25 per share).

F1 · price: On August 9, 2023, Empire Petroleum Corporation ("Empire") acquired a one-year option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). In exchange for Empire exercising its right to extend the Purchase Option for an additional one-year period, Empire issued to the reporting person 16,800 shares of common stock valued at $71,400 (or $4.25 per share).

SEC source: 0001072613-24-000582 · ownership.xml · derivative · entry 2

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 128,800 shares

Expires 2024-07-31

SEC source: 0001072613-24-000582 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,925,815

SEC source: 0001072613-24-000557 · ownership.xml · derivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 128,800

Underlying: Common Stock · 128,800 shares

Expires 2024-07-31

F1 · kind: The Warrant was issued pursuant to Section 10(b) of that certain Convertible Note Due 2026 issued by the Issuer to the reporting person. On May 24, 2024, the reporting person elected to convert the Convertible Note into shares of common stock of the Issuer. Upon conversion, pursuant to Section 10(b), the reporting person became entitled to receive certain distributed property by virtue of the Issuer's previously reported subscription rights offering launched on March 7, 2024, which resulted in the issuance of the Warrant.

F1 · price: The Warrant was issued pursuant to Section 10(b) of that certain Convertible Note Due 2026 issued by the Issuer to the reporting person. On May 24, 2024, the reporting person elected to convert the Convertible Note into shares of common stock of the Issuer. Upon conversion, pursuant to Section 10(b), the reporting person became entitled to receive certain distributed property by virtue of the Issuer's previously reported subscription rights offering launched on March 7, 2024, which resulted in the issuance of the Warrant.

F2 · derivative.exercise_date: The Warrant becomes exercisable on the date the NYSE American stock exchange approves a supplemental listing application relating to the shares of common stock of the Issuer underlying the Warrant.

SEC source: 0001072613-24-000519 · ownership.xml · derivative · entry 2

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Common Stock · 800,000 shares

Expires 2026-02-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001072613-24-000519 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,797,015

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001072613-24-000410 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,997,015

F1 · kind: On August 9, 2023, Empire Petroleum Corporation ("Empire") acquired a one-year option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). On April 19, 2024, Empire partially exercised the purchase option and upon closing of the transaction on April 25, 2024 Empire issued to the reporting person 600,000 shares of common stock valued at $3,000,000 based on a price of $5.00 per share.

F1 · price: On August 9, 2023, Empire Petroleum Corporation ("Empire") acquired a one-year option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). On April 19, 2024, Empire partially exercised the purchase option and upon closing of the transaction on April 25, 2024 Empire issued to the reporting person 600,000 shares of common stock valued at $3,000,000 based on a price of $5.00 per share.

SEC source: 0001072613-24-000400 · ownership.xml · derivative · entry 2

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,606,546 shares

Expires 2024-04-10

F2 · derivative.exercise_price: Represents the exercise price of $5.00 per whole share of common stock in the Rights Offering.

F3 · shares: Each holder of common stock of record as of March 7, 2024 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.161 of a share of common stock, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.

F3 · derivative.underlying_shares: Each holder of common stock of record as of March 7, 2024 received one right for each share of common stock, and each right carried with it a basic subscription right, which entitled the holder to purchase 0.161 of a share of common stock, and an over-subscription right, which entitled holders that exercised their basic subscription rights in full to subscribe for additional shares of common stock that were not purchased by other stockholders pursuant to their basic subscription rights, subject to proration. Includes shares purchased pursuant to the exercise of over-subscription rights in connection with the Rights Offering.

SEC source: 0001072613-24-000400 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,397,015

F1 · shares: Represents shares of the Issuer's common stock purchased by the reporting person following the exercise of subscription rights, including over-subscription rights, pursuant to the Issuer's rights offering to holders of common stock, as described in the Issuer's prospectus supplement dated March 7, 2024, as supplemented by the Issuer's prospectus supplement dated March 28, 2024 (the "Rights Offering").

SEC source: 0001072613-24-000262 · ownership.xml · derivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Common Stock · 800,000 shares

Expires 2026-02-15

F1 · derivative.exercise_price: The conversion price is subject to customary adjustments as set forth in the Convertible Note.

F2 · derivative.underlying_shares: Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest into shares of common stock of the Issuer based upon a floating conversion price as set forth in the Convertible Note.

SEC source: 0001072613-23-000596 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,790,469

F1 · price: The reporting person purchased the 1,256,832 shares from Empire Petroleum Corporation ("Empire") for an aggregate purchase price of $10,054,657.53, of which (a) $5,000,000 was paid in cash to Empire and (b) $5,054,657.53 was paid through cancellation and extinguishment of the outstanding principal amount and all accrued interest thereon under that certain Amended and Restated Promissory Note due December 31, 2024, in the original aggregate principal amount of $5,000,000, issued by Empire's wholly-owned subsidiary, Empire North Dakota LLC, to the reporting person.

SEC source: 0001072613-23-000595 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,533,637

F1 · kind: On August 9, 2023, Empire Petroleum Corporation ("Empire") acquired a one-year option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). In exchange for the Purchase Option, Empire issued to the reporting person 67,000 shares of common stock valued at $600,990 (or $8.97 per share).

F1 · price: On August 9, 2023, Empire Petroleum Corporation ("Empire") acquired a one-year option to acquire certain oil and gas working interests owned by a subsidiary of the reporting person (the "Purchase Option"). In exchange for the Purchase Option, Empire issued to the reporting person 67,000 shares of common stock valued at $600,990 (or $8.97 per share).

SEC source: 0001072613-23-000391 · ownership.xml · derivative · entry 2

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 500,000 shares

Expires 2023-12-31

F1 · derivative.exercise_price: As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022.

F1 · shares: As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022.

F1 · derivative.underlying_shares: As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022.

SEC source: 0001072613-23-000391 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,466,637

F1 · shares: As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022.

F1 · price: As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022.

F1 · balance_after: As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022.

SEC source: 0001072613-22-000008 · ownership.xml · derivative · entry 2

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,572,282 shares

Expires 2023-06-30

F1 · shares: Gives effect to interest converted.

F2 · derivative.expiration_date: The note was fully converted on 12/30/2021.

F3 · derivative.underlying_shares: Without giving effect to any interest that may be converted.

SEC source: 0001072613-22-000008 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,866,551

SEC source: 0001072613-21-000577 · ownership.xml · derivative · entry 2

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 5,200,000 shares

Expires 2023-06-30

F1 · shares: Gives effect to interest converted.

F2 · derivative.expiration_date: The maturity date was extended from 12/31/2021 to 06/30/2023.

F3 · derivative.underlying_shares: Without giving effect to any interest that may be converted.

SEC source: 0001072613-21-000577 · ownership.xml · nonDerivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,250,208

SEC source: 0001072613-23-000390 · ownership.xml · derivative · entry 1

Energy Evolution Master Fund, Ltd. · CIK 0001865291 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,000,000

Underlying: Common Stock · 2,000,000 shares

Expires 2023-12-31

F1 · security: The reporting person inadvertently omitted this warrant from the original Form 4.

F2 · kind: Issued to the reporting person in connection with a Loan Modification Agreement among Issuer, a wholly owned subsidiary of Issuer and reporting person.