MULACEK PHIL E purchased 3.5% of their position (187.08K shares) of EMPIRE PETROLEUM CORP on the open market

Open‑market purchase worth $705.3K — a small addition. The strongest form of insider conviction signal.

P · 1 purchase

MULACEK PHIL E

Filed: 11/7/2025ACC: 0001072613-25-000775

InsiderMULACEK PHIL ECIK 1670677

→

IssuerEMPIRE PETROLEUM CORPCIK 887396

10% Owner

Since Mar 2021

+776.18K

Net shares

Net buyer

$1.60M

Total acquired

Open market trades

1B · 0S

Total transactions

1.37M acquired · 589.10K disposed

Non-Derivative Transactions2

Common Stock

Direct

P · Purchase

+187.08K

Price / share

$3.77

Trade value

$705.31K

% of position

3.5%

11/5/2025

5.38M→5.56M

Common Stock

Direct

M · Option Exercise

+589.10K

Price / share

$1.52

Trade value

$894.84K

% of position

10.6%

11/5/2025

5.56M→6.15M

Total

Net shares

+776.18K

Net value

$1.60M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	11/5/2025	P · Purchase	+187.08K	$3.77	$705.31K	3.5%	5.38M	5.56M
Common Stock Direct	11/5/2025	M · Option Exercise	+589.10K	$1.52	$894.84K	10.6%	5.56M	6.15M
Total			+776.18K		$1.60M

Derivative Transactions2

Stock option (right to buy)

Direct

P · Purchase

Converts to

Common Stock

589.10K shares

+589.10K

Strike price

1.32

Held after

589.10K

Exercisable

—

11/5/2025

Stock option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

589.10K shares

−589.10K

Strike price

1.32

Held after

0.00

Exercisable

—

11/5/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock option (right to buy) Direct	Common Stock589.10K shares	11/5/2025	P · Purchase	+589.10K	1.32	—	589.10K
Stock option (right to buy) Direct	Common Stock589.10K shares	11/5/2025	M · Option Exercise	−589.10K	1.32	—	0.00

Non-Derivative Holdings (Post-Transaction)4

Common Stock

Indirect

Shares owned817.26K

Common Stock

Indirect

Shares owned485.20K

Common Stock

Indirect

Shares owned526.30K

Common Stock

Indirect

Shares owned42.83K

Total

1.87M indirect1.87M

Security Title	Shares Owned	Ownership Type
Common Stock	817.26K	Indirect
Common Stock	485.20K	Indirect
Common Stock	526.30K	Indirect
Common Stock	42.83K	Indirect
Total	1.87M	1.87M indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported