HighPeak Energy Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
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Item 5. OTHER INFORMATION
During the three months ended September 30, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.
On October 31, 2024, our Board requested that our Chief Executive Officer, President and certain other employees extend the vesting schedules of their restricted stock awards from November 4, 2024 to December 31, 2025, and they agreed to amend their restricted stock award agreements. Our Board desired to ensure the restricted stock previously granted would continue to provide retention value to the Company. In consideration of their agreement, they will be eligible to receive 2024 annual bonuses that would, but for the extension of their restricted stock vesting schedules, not have been awarded.
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