Keith E. Forbes - 15 Aug 2022 Form 4 Insider Report for HighPeak Energy, Inc. (HPK)

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	+5,000		$0.000000	5,000	15 Aug 2022	Common Stock, par value $0.0001 per share	5,000	$19.98	Direct	F1
transaction	HPK	Employee Stock Option (right to buy)	Other	$0	+1,000		$0.000000	1,000	15 Aug 2022	Common Stock, par value $0.0001 per share	1,000	$19.98	By Wife	F2, F3

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

Id	Content
F1	The option was fully vested as of the date of grant.
F2	This transaction involved the grant of options to the reporting person's wife, who is also an employee of the Issuer.
F3	The option vests in three equal installments: one-third on the date of grant, one-third on the first anniversary of the date of grant, and one-third on the second anniversary of the date of grant