Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 1214

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 5
Chunk 1214
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 includes any shares
as to which the individual or entity has sole or shared voting power or investment power, which includes the power to dispose of or to
direct the disposition of such security. Except as indicated in the footnotes below, we believe, based on the information furnished to
us, that the individuals and entities named in the table below have sole voting and investment power with respect to all shares of common
stock beneficially owned by them, subject to any community property laws.

Percentage
ownership of our common is based on 6,725,702 shares of common stock outstanding as of January 15, 2025. In computing
the number of shares beneficially owned by an individual or entity and the percentage ownership of that person, shares of common stock
subject to options, restricted units, warrants or other rights held by such person that are currently exercisable or will become exercisable
within 60 days of January 15, 2025 are considered outstanding, although these shares are not considered outstanding for purposes of computing
the percentage ownership of any other person.

To
calculate a stockholder’s percentage of beneficial ownership of common stock, we must include in the numerator and denominator
those shares of common stock, as well as those shares of common stock underlying options, warrants and convertible securities, that such
stockholder is considered to beneficially own. Shares of common stock underlying options, warrants and convertible securities, held by
other stockholders, however, are disregarded in this calculation. Therefore, the denominator used in calculating beneficial ownership
of each of the stockholders may be different.

Unless
otherwise indicated, the address of each beneficial owner listed below is c/o Trio Petroleum Corp., 5401 Business Park South, Suite 115,
Bakersfield, CA 93309. To our knowledge, there is no arrangement, including any pledge by any person of securities of the Company, the
operation of which may at a subsequent date result in a change in control of the Company.

56

    Beneficial
    Ownership of Common Stock 
  
    Name
    of Beneficial Owner 
    Shares  
    % 
  
    5% Stockholders: 

    - 
     -  
     - 

    Named Executive Officers
    and Directors: 

    Robin Ross (1) 
     150,000  
     2.23%
  
    Stanford Eschner (2) 
     57,500  
     * 
  
    Gregory L.