Mulacek Phil E

SEC source: 0001072613-26-000336 · ownership.xml · nonDerivative · entry 3

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Big Red Revocable Trust

Disclosed balance after: 540,626

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.

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 July 10, 2025, as supplemented by the Issuer's prospectus supplements dated July 24, 2025, July 25, 2025 and August 19, 2025 (the "Rights Offering").

F2 · price: Represents the exercise price of $0.07367 per unit in the Rights Offering. A stockholder needed to hold at least 72 shares of common stock to receive subscription rights to purchase at least one whole share of common stock at $5.30 per share, as well as at least 74 shares of common stock to receive warrants to purchase one whole share of common stock at $5.46 per share.

SEC source: 0001072613-26-000336 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Petroleum Independent & Exploration LLC

Disclosed balance after: 852,664

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.

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 July 10, 2025, as supplemented by the Issuer's prospectus supplements dated July 24, 2025, July 25, 2025 and August 19, 2025 (the "Rights Offering").

F2 · price: Represents the exercise price of $0.07367 per unit in the Rights Offering. A stockholder needed to hold at least 72 shares of common stock to receive subscription rights to purchase at least one whole share of common stock at $5.30 per share, as well as at least 74 shares of common stock to receive warrants to purchase one whole share of common stock at $5.46 per share.

SEC source: 0001072613-26-000336 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,308,069

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.

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 July 10, 2025, as supplemented by the Issuer's prospectus supplements dated July 24, 2025, July 25, 2025 and August 19, 2025 (the "Rights Offering").

F2 · price: Represents the exercise price of $0.07367 per unit in the Rights Offering. A stockholder needed to hold at least 72 shares of common stock to receive subscription rights to purchase at least one whole share of common stock at $5.30 per share, as well as at least 74 shares of common stock to receive warrants to purchase one whole share of common stock at $5.46 per share.

SEC source: 0001072613-25-000711 · ownership.xml · nonDerivative · entry 3

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,362,825

F3 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.01 to $4.05, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (3) to this Form 4.

SEC source: 0001072613-25-000711 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,342,216

F2 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.00 to $4.05, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (2) to this Form 4.

SEC source: 0001072613-25-000711 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,335,527

F1 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.90 to $4.01, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001072613-25-000709 · ownership.xml · nonDerivative · entry 3

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,325,879

F3 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.06 to $4.10, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (3) to this Form 4.

SEC source: 0001072613-25-000709 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,319,879

F2 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.09 to $4.15, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (2) to this Form 4.

SEC source: 0001072613-25-000709 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,316,908

F1 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.06 to $4.10, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001072613-25-000413 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,309,896

SEC source: 0001072613-25-000411 · ownership.xml · nonDerivative · entry 4

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,272,979

SEC source: 0001072613-25-000411 · ownership.xml · nonDerivative · entry 3

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,256,662

SEC source: 0001072613-25-000411 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,250,278

F2 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.97 to $4.05, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (2) to this Form 4.

SEC source: 0001072613-25-000411 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,231,662

F1 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.98 to $4.00, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001072613-25-000296 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,227,180

SEC source: 0001072613-25-000285 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,217,180

SEC source: 0001072613-25-000285 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,217,104

SEC source: 0001072613-24-000902 · ownership.xml · derivative · entry 10

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By spouse

Disclosed balance after: 0

Underlying: Common Stock · 4,172 shares

Expires 2024-10-24

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.

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: 0001072613-24-000902 · ownership.xml · derivative · entry 9

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Five Sterling LP

Disclosed balance after: 0

Underlying: Common Stock · 49,687 shares

Expires 2024-10-24

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.

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: 0001072613-24-000902 · ownership.xml · derivative · entry 8

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Big Red Revocable Trust

Disclosed balance after: 0

Underlying: Common Stock · 49,556 shares

Expires 2024-10-24

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.

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: 0001072613-24-000902 · ownership.xml · derivative · entry 7

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Petroleum Independent & Exploration LLC

Disclosed balance after: 0

Underlying: Common Stock · 76,899 shares

Expires 2024-10-24

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.

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: 0001072613-24-000902 · ownership.xml · derivative · entry 6

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 507,546 shares

Expires 2024-10-24

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.

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: 0001072613-24-000902 · ownership.xml · nonDerivative · entry 5

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By spouse

Disclosed balance after: 42,833

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.

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: 0001072613-24-000902 · ownership.xml · nonDerivative · entry 4

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Five Sterling LP

Disclosed balance after: 485,202

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.

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: 0001072613-24-000902 · ownership.xml · nonDerivative · entry 3

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Big Red Revocable Trust

Disclosed balance after: 526,300

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.

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: 0001072613-24-000902 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Petroleum Independent & Exploration LLC

Disclosed balance after: 817,262

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.

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: 0001072613-24-000902 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,214,780

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.

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: 0001072613-24-000738 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,707,234

F2 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.16 to $5.18, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (2) to this Form 4.

SEC source: 0001072613-24-000738 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,706,493

F1 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.90 to $4.98, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001072613-24-000646 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Petroleum Independent & Exploration LLC

Disclosed balance after: 740,363

F1 · price: Petroleum Independent & Exploration, LLC ("PIE") acquired the 205,427 shares from Empire Petroleum Corporation ("Empire") as payment in full of the aggregate outstanding principal amount and accrued interest of $1,060,004 under that certain Term Loan Agreement dated as of August 6, 2020 between PIE, as lender, and Empire's wholly-owned subsidiary, Empire North Dakota LLC, as borrower.

SEC source: 0001072613-24-000581 · ownership.xml · nonDerivative · entry 3

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Petroleum Independent & Exploration LLC

Disclosed balance after: 534,936

SEC source: 0001072613-24-000581 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,705,120

SEC source: 0001072613-24-000581 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,700,472

F1 · shares: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.19 to $5.32, inclusive. The reporting person undertakes to provide to Empire Petroleum Corporation, any security holder of Empire Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnot (1) to this Form 4.

SEC source: 0001072613-24-000404 · ownership.xml · derivative · entry 10

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By spouse

Disclosed balance after: 0

Underlying: Common Stock · 183 shares

Expires 2024-04-10

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.

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: 0001072613-24-000404 · ownership.xml · derivative · entry 9

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Five Sterling LP

Disclosed balance after: 0

Underlying: Common Stock · 89,516 shares

Expires 2024-04-10

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.

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: 0001072613-24-000404 · ownership.xml · derivative · entry 8

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Big Red Revocable Trust

Disclosed balance after: 0

Underlying: Common Stock · 97,994 shares

Expires 2024-04-10

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.

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: 0001072613-24-000404 · ownership.xml · derivative · entry 7

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Petroleum Independent & Exploration LLC

Disclosed balance after: 0

Underlying: Common Stock · 109,836 shares

Expires 2024-04-10

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.

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: 0001072613-24-000404 · ownership.xml · derivative · entry 6

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 918,461 shares

Expires 2024-04-10

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.

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: 0001072613-24-000404 · ownership.xml · nonDerivative · entry 5

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By spouse

Disclosed balance after: 15,907

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.

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: 0001072613-24-000404 · ownership.xml · nonDerivative · entry 4

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Five Sterling LP

Disclosed balance after: 435,515

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.

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: 0001072613-24-000404 · ownership.xml · nonDerivative · entry 3

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Big Red Revocable Trust

Disclosed balance after: 476,744

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.

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: 0001072613-24-000404 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Petroleum Independent & Exploration LLC

Disclosed balance after: 534,336

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.

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: 0001072613-24-000404 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,667,177

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.

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: 0001072613-24-000573 · ownership.xml · derivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By spouse

Disclosed balance after: 0

Underlying: Common Stock · 7,937 shares

Expires 2024-04-10

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.

F3 · derivative.exercise_price: Represents the exercise price of $5.00 per whole share of common stock in the Rights Offering.

F2 · shares: This amendment is being filed to correct the number of shares purchased by the reporting person's spouse in the Rights Offering, the number of shares beneficially owned by the reporting person's spouse following the Rights Offering and the number of subscription rights disposed of by the reporting person's spouse.

F4 · 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.

F2 · derivative.underlying_shares: This amendment is being filed to correct the number of shares purchased by the reporting person's spouse in the Rights Offering, the number of shares beneficially owned by the reporting person's spouse following the Rights Offering and the number of subscription rights disposed of by the reporting person's spouse.

F4 · 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: 0001072613-24-000573 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By spouse

Disclosed balance after: 38,661

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.

F1 · shares: Represents shares of the Issuer's common stock purchased by the reporting person's spouse 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").

F2 · shares: This amendment is being filed to correct the number of shares purchased by the reporting person's spouse in the Rights Offering, the number of shares beneficially owned by the reporting person's spouse following the Rights Offering and the number of subscription rights disposed of by the reporting person's spouse.

F2 · balance_after: This amendment is being filed to correct the number of shares purchased by the reporting person's spouse in the Rights Offering, the number of shares beneficially owned by the reporting person's spouse following the Rights Offering and the number of subscription rights disposed of by the reporting person's spouse.

SEC source: 0001072613-23-000597 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,748,716

F2 · price: The reporting person purchased the 609,013 shares from Empire for an aggregate purchase price of $5,000,000 which was paid in cash to Empire.

SEC source: 0001072613-23-000597 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,139,703

F1 · price: The reporting person purchased the 631,832 shares from Empire Petroleum Corporation ("Empire") for an aggregate purchase price of $5,054,657.53, which 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: 0001072613-23-000361 · ownership.xml · derivative · entry 6

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,000

Underlying: Common Stock · 40,000 shares

Expires 2028-06-07

SEC source: 0001072613-23-000361 · ownership.xml · nonDerivative · entry 1

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,507,871

SEC source: 0001072613-23-000347 · ownership.xml · nonDerivative · entry 2

Mulacek Phil E · CIK 0001670677 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,497,871

F2 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.63 to $9.42, inclusive.