Trio Petroleum Corp
For the period ended Jul 31, 2024. Filed Sep 12, 2024.
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Jul 31, 2024 · Filed Sep 12, 2024
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Item 5. Other Information
(c) Insider Trading Arrangements
Trading Plans
On July 8, 2024, Robin Ross, the Chief Executive Officer and Director of the Company, entered into a 10b5-1 sales plan (the “Ross 10b-5 Sales Plan”) intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The Ross 10b-5 Sales Plan provides for the sale of up to 450,000 shares of common stock and will remain in effect until the earlier of (1) January 7, 2026; or (2) the date on which an aggregate of 450,000 shares of common stock have been sold under the Ross 10b5 Sales Plan. As of the date of this Report, none of the shares were sold and no other adjustments were made to the plan during the quarterly period covered by this report.
On July 15, 2024, Thomas Pernice, a Director of the Company, entered into a 10b5-1 sales plan (the “Pernice 10b-5 Sales Plan”) intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The Pernice 10b-5 Sales Plan provides for the sale of up to 130,000 shares of common stock and will remain in effect until the earlier of (1) January 7, 2026; or (2) the date on which an aggregate of 130,000 shares of common stock have been sold under the Pernice 10b-5 Sales Plan. As of the date of this report, none of the shares were sold and no other adjustments were made to the plan during the quarterly period covered by this report.
No other directors or executive officers of the Company adopted, modified orterminated any contract, instruction or written plan for the purchase or sale of the Company’s securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any non-Rule 10b5 trading arrangement, (as defined in Item 408(c) of Regulation S-K) during the quarterly period covered by this report.
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