King Oil & Gas Company, Inc.

SEC source: 0001437749-26-007250 · rdgdoc.xml · derivative · entry 3

King Duane H · CIK 0001903594 · Director · Member of 10% owner group

King Oil & Gas Company, Inc. · CIK 0001938274 · Director owned entity

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 230,000

Underlying: Common Stock · 230,000 shares

Expires 2036-03-04

F4 · price: Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a Director of the Issuer.

F3 · derivative.exercise_date: Nonqualified Stock Options granted on March 4, 2026 pursuant to the U.S. Energy Corp. 2022 Equity Incentive Plan. The options vest in two equal annual installments of 50% each: 115,000 options on July 1, 2026 and 115,000 options on January 2, 2027, subject to the Reporting Person's continued service with the Issuer on such vesting dates.

SEC source: 0001437749-25-032462 · rdgdoc.xml · nonDerivative · entry 3

King Duane H · CIK 0001903594 · Director · 10% owner · Member of 10% owner group

King Oil & Gas Company, Inc. · CIK 0001938274 · Director owned entity

Synergy Offshore LLC · CIK 0001903570 · 10% owner · Member of 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Synergy Offshore LLC

Disclosed balance after: 0

F3 · kind: On October 28, 2025, Synergy Offshore LLC distributed all 1,400,000 shares of Common Stock owned by it to Synergy Producing Properties, LLC ("SPP"), and SPP distributed all of such shares to its members, including 332,329 shares to King Oil. Such shares were distributed without payment of any additional consideration. As a result of such distribution, each of Mr. King and King Oil beneficially own less than 10% of the outstanding shares of Common Stock, and Synergy Offshore, LLC is no longer part of a 10% owner group.

F3 · price: On October 28, 2025, Synergy Offshore LLC distributed all 1,400,000 shares of Common Stock owned by it to Synergy Producing Properties, LLC ("SPP"), and SPP distributed all of such shares to its members, including 332,329 shares to King Oil. Such shares were distributed without payment of any additional consideration. As a result of such distribution, each of Mr. King and King Oil beneficially own less than 10% of the outstanding shares of Common Stock, and Synergy Offshore, LLC is no longer part of a 10% owner group.

F1 · balance_after: Excludes shares of common stock relating to the voting group included under "Remarks".

F5 · ownership.nature: Represents shares of Common Stock previously held by Synergy Offshore LLC, which is 100% owned by SPP. The shares previously held directly by Synergy Offshore LLC may be deemed to be beneficially owned by Mr. King and King Oil based on certain member rights in SPP. Mr. King disclaims beneficial ownership other than to the extent of his pecuniary interest therein.

SEC source: 0001437749-25-032462 · rdgdoc.xml · nonDerivative · entry 2

King Duane H · CIK 0001903594 · Director · 10% owner · Member of 10% owner group

King Oil & Gas Company, Inc. · CIK 0001938274 · Director owned entity

Synergy Offshore LLC · CIK 0001903570 · 10% owner · Member of 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,359,728

F3 · kind: On October 28, 2025, Synergy Offshore LLC distributed all 1,400,000 shares of Common Stock owned by it to Synergy Producing Properties, LLC ("SPP"), and SPP distributed all of such shares to its members, including 332,329 shares to King Oil. Such shares were distributed without payment of any additional consideration. As a result of such distribution, each of Mr. King and King Oil beneficially own less than 10% of the outstanding shares of Common Stock, and Synergy Offshore, LLC is no longer part of a 10% owner group.

F3 · price: On October 28, 2025, Synergy Offshore LLC distributed all 1,400,000 shares of Common Stock owned by it to Synergy Producing Properties, LLC ("SPP"), and SPP distributed all of such shares to its members, including 332,329 shares to King Oil. Such shares were distributed without payment of any additional consideration. As a result of such distribution, each of Mr. King and King Oil beneficially own less than 10% of the outstanding shares of Common Stock, and Synergy Offshore, LLC is no longer part of a 10% owner group.

F1 · balance_after: Excludes shares of common stock relating to the voting group included under "Remarks".

F4 · ownership.direct: Represents shares of Common Stock, $0.01, held by King Oil & Gas Company, Inc. ("King Oil"), which is 100% owned by Duane K. King. The shares held by King Oil may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer of and ownership interests in King Oil. Mr. King disclaims beneficial ownership other than to the extent of his pecuniary interest therein.

SEC source: 0001437749-25-004007 · rdgdoc.xml · nonDerivative · entry 1

King Duane H · CIK 0001903594 · Director · 10% owner · Member of 10% owner group

King Oil & Gas Company, Inc. · CIK 0001938274 · Director owned entity

Synergy Offshore LLC · CIK 0001903570 · 10% owner · Member of 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 188,913

F1 · kind: Grant of restricted stock subject to time-based vesting 50% on July 1, 2025 and 50% on January 1, 2026, subject to the recipient's continued service to the Issuer. Exempt pursuant to Rule 16b-3.

F1 · shares: Grant of restricted stock subject to time-based vesting 50% on July 1, 2025 and 50% on January 1, 2026, subject to the recipient's continued service to the Issuer. Exempt pursuant to Rule 16b-3.

F2 · price: Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a member of the Board of Directors of the Issuer.

F3 · ownership.direct: Represents shares of common stock, $0.01 par value per share of the Issuer, held by Mr. Duane H. King. Excludes shares of common stock relating to the voting group included under "Remarks".

SEC source: 0001437749-25-000989 · rdgdoc.xml · nonDerivative · entry 3

King Duane H · CIK 0001903594 · Director · 10% owner · Member of 10% owner group

King Oil & Gas Company, Inc. · CIK 0001938274 · Director owned entity

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By Synergy Offshore

Disclosed balance after: 1,400,000

F5 · price: The shares were issued by the Issuer, and acquired by Synergy, as seller, pursuant to a Purchase and Sale Agreement (the "PSA") as partial consideration for the sale of assets by the seller. No fair market value has been determined or allocated at this time to the share consideration or other non-cash consideration issued under the PSA.

F4 · ownership.direct: Represents shares of common stock, $0.01 par value per share of the Issuer, held directly by Synergy Offshore, LLC ("Synergy"). The shares held by Synergy may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer and current sole manager of Synergy. Mr. King and King Oil are also owners of member interests in Synergy Producing Properties, LLC ("SPP"), which is the 100% owner of Synergy. Mr. King and King Oil each may be deemed to beneficially own the shares of common stock owned by Synergy based on certain member rights in SPP. Mr. King and King Oil disclaim beneficial ownership other than to the extent of his pecuniary interest therein.

F4 · ownership.nature: Represents shares of common stock, $0.01 par value per share of the Issuer, held directly by Synergy Offshore, LLC ("Synergy"). The shares held by Synergy may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer and current sole manager of Synergy. Mr. King and King Oil are also owners of member interests in Synergy Producing Properties, LLC ("SPP"), which is the 100% owner of Synergy. Mr. King and King Oil each may be deemed to beneficially own the shares of common stock owned by Synergy based on certain member rights in SPP. Mr. King and King Oil disclaim beneficial ownership other than to the extent of his pecuniary interest therein.

SEC source: 0001437749-24-008730 · rdgdoc.xml · nonDerivative · entry 1

King Duane H · CIK 0001903594 · Director

King Oil & Gas Company, Inc. · CIK 0001938274 · Director owned entity

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 148,913

F1 · shares: Represents restricted stock shares subject to time-based vesting, which vest at the rate of 50% on June 2, 2024 and 50% on January 2, 2025, subject to the recipient's continued service to the Issuer.

F2 · price: Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a member of the Board of Directors of the Issuer.

F3 · balance_after: Excludes shares of common stock relating to the voting group included under "Remarks".

F4 · ownership.direct: Represents shares of common stock, $0.01 par value per share of the Issuer, held by Mr. Duane H. King.

SEC source: 0001493152-23-000868 · ownership.xml · nonDerivative · entry 1

King Duane H · CIK 0001903594 · Director

King Oil & Gas Company, Inc. · CIK 0001938274 · Director owned entity

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 88,913

F1 · balance_after: Excludes shares of common stock relating to the voting group included under "Remarks".

F2 · ownership.direct: Represents shares of common stock, $0.01 par value per share of the Issuer, held by Mr. Duane H. King.

SEC source: 0001493152-22-020065 · ownership.xml · nonDerivative · entry 3

King Duane H · CIK 0001903594 · Director · 10% owner · Member of 10% owner group

Hightower Lee · CIK 0001903597 · Members of 10% owner group

Synergy Offshore LLC · CIK 0001903570 · 10% owner

King Oil & Gas Company, Inc. · CIK 0001938274 · Members of 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,027,399

F5 · kind: On July 20, 2022, King Oil and Gas Company, Inc. ("King Oil"), received 2,027,399 shares of common stock in the Distribution, for no consideration.

F5 · price: On July 20, 2022, King Oil and Gas Company, Inc. ("King Oil"), received 2,027,399 shares of common stock in the Distribution, for no consideration.

F1 · balance_after: Excludes shares of common stock relating to the voting group included under "Remarks".

F6 · ownership.direct: Represents shares of common stock, $0.01 par value per share of the Issuer, held by King Oil, which is 100% owned by Duane K. King. The shares held by King Oil may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer of King Oil. Mr. King however, disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0001493152-22-020065 · ownership.xml · nonDerivative · entry 2

King Duane H · CIK 0001903594 · Director · 10% owner · Member of 10% owner group

Hightower Lee · CIK 0001903597 · Members of 10% owner group

Synergy Offshore LLC · CIK 0001903570 · 10% owner

King Oil & Gas Company, Inc. · CIK 0001938274 · Members of 10% owner group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F3 · kind: On July 20, 2022, Synergy Offshore LLC ("Synergy"), a Texas limited liability company, distributed all 6,546,384 shares of the common stock of the Issuer which it then held, for no consideration, to members of Synergy Producing Properties, LLC ("SPP"), a Texas limited liability company, which is the parent and 100% owner of Synergy (the "Distribution").

F3 · price: On July 20, 2022, Synergy Offshore LLC ("Synergy"), a Texas limited liability company, distributed all 6,546,384 shares of the common stock of the Issuer which it then held, for no consideration, to members of Synergy Producing Properties, LLC ("SPP"), a Texas limited liability company, which is the parent and 100% owner of Synergy (the "Distribution").

F1 · balance_after: Excludes shares of common stock relating to the voting group included under "Remarks".

F7 · balance_after: After the Distribution (see footnote 3), Reporting Person Synergy does not hold any ownership interest in the Issuer and Reporting Person Lee Hightower does not own any beneficial interest and both are no longer Reporting Persons.

F4 · ownership.direct: Represents shares of common stock, $0.01 par value per share of the Issuer, held by Synergy. Shares held by Synergy may be deemed to be beneficially owned by Mr. King and Mr. Lee Hightower due to their status as Chief Executive Officer and Manager and President and Manager, respectively, of Synergy, and a result of their respective ownership and positions as Managers and Officers of the limited liability company that owns 100% of the membership interests of Synergy. Mr. King and Mr. Hightower, however, disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.

SEC source: 0001493152-23-000868 · ownership.xml · nonDerivative · entry 2

King Duane H · CIK 0001903594 · Director

King Oil & Gas Company, Inc. · CIK 0001938274 · Director owned entity

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,027,399

F1 · balance_after: Excludes shares of common stock relating to the voting group included under "Remarks".

F3 · ownership.direct: Represents shares of common stock, $0.01 par value per share of the Issuer, held by King Oil & Gas Company, Inc. ("King Oil"), which is 100% owned by Duane K. King. The shares held by King Oil may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer of King Oil.