Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 1075

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 4
Chunk 1075
---
,
2025.

    (2)
    Consists
    of (i) 25,000 shares held by the Stanford Eschner Trust No. 1, for which Mr. Eschner holds investment and voting control over; the
    address of the Stanford Eschner Trust No. 1 is 6501 Kane Way, Bakersfield, CA 93309, (ii) 25,000 shares held by Trio LLC, a California
    Limited Liability Company, for which Mr. Eschner serves as the Executive Chairman, and as such may be deemed to hold investment and
    voting control over Trio LLC’s shares; the address of Trio LLC is 4115 Blackhawk Plaza Circle, Suite 100, Danville, CA 94506,
    and (iii) 7,500 shares held by Stanford Eschner himself.

    (3)
    Includes
    10,000 shares of restricted stock awarded to Mr. Overholtzer pursuant to the 2022 Plan, which will fully vest on
    April 21, 2025.

    (4)
    Includes
    12,500 shares of restricted stock awarded to Mr. Hunter pursuant to the 2022 Plan, which will fully vest on January
    21, 2025. 

    (5)
    Includes
    12,500 shares of restricted stock awarded to Mr. Randall pursuant to the 2022 Plan, which will fully vest on January
    21, 2025.

    (6)
    Includes
    12,500 shares of restricted stock awarded to Mr. Pernice pursuant to the 2022 Plan, which will fully vest on January
    21, 2025.

    (7)
    Includes
    12,500 shares of restricted stock awarded to Mr. Blake pursuant to the 2022 Plan, which will fully vest on April
    21, 2025.

57

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

The
following includes a summary of transactions since July 19, 2021 (inception) to which we have been a party in which the amount involved
will exceed $120,000, and in which any of our directors, executive officers or, to our knowledge, beneficial owners of more than 5% of
our capital stock, or any member of the immediate family of any of the foregoing persons had or will have a