Company: TPET
Filing Date: 2025-02-28
Form Type: S-1/A
Source: 0001493152-25-008715
Chunk: 138

Company: Trio Petroleum Corp.
Filing Date: 2025-02-28
Form: S-1/A
Chunk 138
---
 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 February 24, 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 February 24, 2025. The number of shares of common stock also includes 50,000             
 shares which have been awarded to Mr. Ross, but have not yet been officially issued by the transfer agent as                            
 of February 24, 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) |