Was the 6,097-share change in EPSN holdings a market buy or compensation grant?

The 6,097-share change was a compensation-related restricted stock grant, not a market purchase. The shares were acquired at a stated price of $0.00 per share when a July 1, 2022 restricted stock award vested and was issued on April 1, 2026.

Epsilon Energy (NASDAQ: EPSN) CEO granted 6,097 common shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Stabell Jason reported acquisition or exercise transactions in this Form 4 filing.

Epsilon Energy Ltd. director and Chief Executive Officer Jason Stabell received 6,097 common shares on April 1, 2026 as a restricted stock grant that was originally awarded on July 1, 2022 and has now vested. The grant was a compensation-related award at a stated price of $0.00 per share, not an open-market purchase.

After this vesting, Stabell directly holds 524,862 common shares, which include 225,995 restricted stock units that remain subject to vesting and other restrictions. He also has an additional 543,039 common shares reported as indirectly owned by an LLC. The filing shows routine equity compensation rather than discretionary buying or selling in the market.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Stabell Jason

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	6,097	$0.00	--
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 524,862 shares (Direct); Common Shares — 543,039 shares (Indirect, BY LLC)

Footnotes (1)

These common shares were acquired as a restricted stock grant on 07/01/2022. They vested and were issued on 04/01/2026. This amount includes 225,995 shares of restricted stock units subject to vesting and certain other restrictions.

Key Figures

Shares granted: 6,097 common shares Grant price per share: $0.00 per share Direct holdings after transaction: 524,862 common shares +2 more

5 metrics

Shares granted 6,097 common shares Restricted stock grant vested and issued on April 1, 2026

Grant price per share $0.00 per share Stated acquisition price for vested restricted stock grant

Direct holdings after transaction 524,862 common shares Shares directly owned by Jason Stabell following grant

Indirect holdings 543,039 common shares Shares indirectly owned by Jason Stabell BY LLC

Restricted stock units included 225,995 shares RSUs subject to vesting and other restrictions within holdings

Key Terms

restricted stock grant, restricted stock units, indirect ownership, grant, award, or other acquisition, +1 more

5 terms

restricted stock grant financial

"These common shares were acquired as a restricted stock grant on 07/01/2022."

A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.

restricted stock units financial

"This amount includes 225,995 shares of restricted stock units subject to vesting."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

indirect ownership financial

"total_shares_following_transaction 543,039.0000, direct_or_indirect I, nature_of_ownership BY LLC"

grant, award, or other acquisition financial

"transaction_code_description Grant, award, or other acquisition"

Chief Executive Officer financial

"Stabell Jason serves as Chief Executive Officer of Epsilon Energy Ltd."

A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 05:02 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stabell Jason

(Last)

(First)

(Middle)

500 DALLAS ST., SUITE 1250

(Street)

HOUSTON

TEXAS

77002

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Epsilon Energy Ltd. [ EPSN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	04/01/2026		A⁽¹⁾		6,097⁽¹⁾	A	$0	524,862⁽²⁾	D
Common Shares								543,039	I	BY LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These common shares were acquired as a restricted stock grant on 07/01/2022. They vested and were issued on 04/01/2026.

2. This amount includes 225,995 shares of restricted stock units subject to vesting and certain other restrictions.

	/s/ Jason Stabell	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Epsilon Energy (EPSN) CEO Jason Stabell report in this Form 4?

CEO Jason Stabell reported receiving 6,097 Epsilon Energy common shares from a vested restricted stock grant. These shares were originally granted in 2022 and issued on April 1, 2026 as part of his equity compensation, not through an open-market purchase.

How many Epsilon Energy (EPSN) shares does Jason Stabell hold after this transaction?

After the transaction, Jason Stabell directly holds 524,862 Epsilon Energy common shares and indirectly holds 543,039 common shares through an LLC. His direct holdings include 225,995 restricted stock units that are still subject to vesting and other specified restrictions.

What do the restricted stock units mean in the Epsilon Energy (EPSN) Form 4?

The filing notes that 225,995 of Jason Stabell’s direct Epsilon Energy shares are restricted stock units. These units are subject to future vesting and other restrictions, meaning he does not yet have full, unrestricted ownership of those particular shares until conditions are satisfied.

How are Jason Stabell’s indirect Epsilon Energy (EPSN) holdings reported?

The Form 4 shows 543,039 Epsilon Energy common shares as indirectly owned by Jason Stabell "BY LLC." This indicates those shares are held through an LLC, reflecting indirect ownership, separate from the 524,862 shares reported as directly owned in his name.