Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 1731

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 8
Chunk 1731
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* 
  
    John Randall (5) 
     16,000  
     * 
  
    Thomas J. Pernice (6) 
     17,750  
     * 
  
    James H. Blake (7) 
     12,500  
     * 
  
    All directors and executive
    officers as a group (7 persons) 
     296,750  
     4.41%

*
Less than 1%

    (1)
    Upon
    his appointment as the Chairman of the Company, in June 2024, the Board agreed to grant to Mr. Ross 50,000 RSUs, of which (i) 22,500 RSUs were awarded
    on June 20, 2024 and (ii) 27,500 RSUs were awarded after the Company’s stockholders approved an increase in the number of shares
    available under the 2022 Plan at the 2024 Annual Meeting of Stockholders on August 15, 2024. Additionally, upon
    being appointed as Chief Executive Officer of the Company on July 11, 2024, the Board agreed to grant to Mr. Ross 100,000 shares
    of restricted stock under the 2022 Plan, which were awarded after the Company’s stockholders approved an increase
    in the number of shares available under the 2022 Plan at the 2024 Annual Meeting of Stockholders on August 15, 2024.
    The number of shares of common stock includes 12,500 shares issuable to Mr. Ross upon the vesting of RSUs, within 60 days after January
    15, 2025, if he continues to be employed by the Company on such vesting date but excludes 36,500 shares issuable to be Mr. Ross
    pursuant to the vesting of RSUs which do not vest within 60 days after January 15, 2025. The number of shares of common stock also includes 50,000 shares which have not yet been issued as of January 15,
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, (