Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 360

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1
Chunk 360
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 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, (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 202