Michael R. Morrisett, the President and CEO of Empire Petroleum Corp, has acquired 6,277 shares of the company's common stock. This transaction occurred on October 23, 2026, and was reported in a recent SEC filing.
The acquisition is significant as it demonstrates Morrisett's ongoing commitment to the company. As a leader in the crude petroleum and natural gas sector, Empire Petroleum is navigating a competitive landscape, which includes other players in the energy market.
Background
Empire Petroleum Corp operates within the crude petroleum and natural gas industry, classified under the SIC code 1311. The company is incorporated in Delaware and has its business address in Tulsa, Oklahoma. Morrisett has been actively involved with the company, as indicated by his recent filings, including a Form 4 on July 7, 2026, and a Schedule 13D/A on November 7, 2025.
What the Filing Says
The SEC filing, accession number 0001072613-26-000840, details that Morrisett acquired the shares through an in-kind distribution from a fund. The filing states, "A fund made an in-kind distribution of shares of the Issuer to certain of its investors, including the reporting person, for no consideration." Following this transaction, Morrisett now owns a total of 368,974 shares of Empire Petroleum Corp.
Impact
This acquisition may affect the company's stock dynamics and investor perceptions. As the President and CEO, Morrisett's actions are closely watched by shareholders and industry analysts. His increased stake in Empire Petroleum could signal confidence in the company's strategic direction and future performance.
What's Next
The filing does not say what happens next.