Filing Details
- Accession Number:
- 0001437749-21-000313
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-01-06 21:12:33
- Reporting Period:
- 2021-01-04
- Accepted Time:
- 2021-01-06 21:12:33
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1792849 | Highpeak Energy Inc. | HPK | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1559864 | L. Michael Hollis | 421 W. 3Rd Street, Suite 1000 Fort Worth TX 76102 | President | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.0001 Per Share | Acquisiton | 2021-01-04 | 35,000 | $10.00 | 61,802 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.0001 Per Share | Disposition | 2021-01-04 | 35,000 | $16.20 | 26,802 | No | 4 | S | Direct | |
| Common Stock, Par Value $0.0001 Per Share | Disposition | 2021-01-04 | 5,000 | $16.46 | 21,802 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.0001 Per Share | Nonqualified Stock Option (right to buy) | Disposition | 2021-01-04 | 35,000 | $0.00 | 35,000 | $10.00 |
| Common Stock, Par Value $0.0001 Per Share | Warrants | Disposition | 2021-01-04 | 5,000 | $4.77 | 5,000 | $11.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,215,000 | 2030-08-23 | No | 4 | M | Direct | |
| 33,768 | 2020-09-20 | 2025-08-21 | No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, Par Value $0.0001 | 100 | Indirect | See Footnote |
| Common Stock, Par Value $0.0001 | 100 | Indirect | See Footnote |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.0001 Per Share | Warrants | $11.50 | 2020-09-20 | 2025-08-21 | 0 | 100 | Indirect |
| Common Stock, Par Value $0.0001 Per Share | Warrants | $11.50 | 2020-09-20 | 2025-08-21 | 0 | 100 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-08-21 | 0 | 100 | Indirect |
| 2025-08-21 | 0 | 100 | Indirect |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.82 to $16.36, inclusive. The Reporting Person undertakes to provide to HighPeak Energy, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of common stock, par value $0.001 per share of the Issuer ("common stock") sold at each separate price within the ranges set forth in this footnote (1).
- The Reporting Person's sale of common stock of the Issuer reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 3,386 shares of common stock, with the Reporting Person's purchase of 3,386 warrants of the Issuer (the "HPK warrants") at a price of $1.24 per share on August 31, 2020. The Reporting Person has agreed to pay the Issuer, upon settlement of the sale, $12,731.36, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
- Represents shares of common stock of the Issuer issued to the Reporting Person's son in exchange for Class A common stock, par value $0.0001 per share ("Class A Common Stock") of Pure Acquisition Corp. ("Pure") in connection with the closing of business combination transaction (the "Transaction") between Pure and the Issuer on August 21, 2020.
- The Reporting Person was granted options pursuant to Rule 16b-3 to purchase a total of 1,250,000 shares on August 24, 2020 (the "date of grant"), vesting in three equal installments: one-third on the date of grant, one-third on the first anniversary of the date of grant, and one-third on the second anniversary of the date of grant.
- The Reporting Person's sale of HPK warrants reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 5,000 shares of common stock, with the following transactions: (i) the Reporting Person's purchase of 188 HPK Warrants at a price of $1.06 per share on August 28, 2020, (ii) the Reporting Person's purchase of 962 HPK warrants at a price of $1.24 per share on August 31, 2020, (iii) the Reporting Person's purchase of 100 HPK Warrants at a price of $1.13 per share on August 31, 2020, and (iv) the Reporting Person's purchase of 3,750 HPK warrants at a weighted average price of $1.18 per share on September 1, 2020. The Reporting Person has agreed to pay the Issuer, upon settlement of the sale, $17,942.84, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
- Represents HPK warrants to purchase common stock of the Issuer issued to the Reporting Person's son in exchange for Class A Common Stock in connection with the Transaction.
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