Jack Hightower - 04 May 2022 Form 4 Insider Report for HighPeak Energy, Inc. (HPK)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Jack Hightower
Issuer symbol: HPK
Transactions as of: 04 May 2022
Net transactions value: $0
Form type: 4
Filing time: 04 May 2022, 19:20:58 UTC
Previous filing: 22 Nov 2021
Next filing: 15 Aug 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HPK	Employee Stock Option (right to buy)	Award	$0	+377,500		$0.000000	377,500	04 May 2022	Common Stock, par value $0.0001 per share	377,500	$29.67	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option was fully vested as of the date of grant.
F2	This Form 4 reports in Box 9 the aggregate number of Employee Stock Options of the same class beneficially owned by the reporting person. In prior Form 4 filings, the reporting person reported in Box 9 the aggregate number of Employee Stock Options of all classes beneficially owned by the reporting person; however, the reporting hereby undertakes to report in Box 9 only the aggregate number of Employee Stock Options of the same class beneficially owned by the reporting person herein and in future filings.

Content

The option was fully vested as of the date of grant.

This Form 4 reports in Box 9 the aggregate number of Employee Stock Options of the same class beneficially owned by the reporting person. In prior Form 4 filings, the reporting person reported in Box 9 the aggregate number of Employee Stock Options of all classes beneficially owned by the reporting person; however, the reporting hereby undertakes to report in Box 9 only the aggregate number of Employee Stock Options of the same class beneficially owned by the reporting person herein and in future filings.