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[8-K] Evolution Petroleum Corporation Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Dillard’s, Inc. (DDS) Form 4 filing dated 07/02/2025 discloses a modest open-market purchase by long-time insider Drue Matheny, Executive Vice President and Director. On 06/30/2025 Matheny acquired 19 Class A common shares at $413.32 each, increasing her direct holding to 403,904 shares. She also continues to hold 36,648 shares through the company retirement plan and 9,821 shares indirectly (7,300 as trustee of the GST Trust and 2,521 held by her spouse). No derivative transactions were reported.

The purchase represents less than 0.005% of her direct ownership and is immaterial to DDS’s 17 million share float, yet any insider buying—particularly by a senior executive—may be interpreted as a confidence signal. There were no sales, option exercises, or 10b5-1 plan indications, and the filing confirms her continuing status as both officer and director.

Dillard’s, Inc. (DDS) ha presentato il modulo Form 4 il 02/07/2025, rivelando un modesto acquisto sul mercato aperto da parte dell'insider di lunga data Drue Matheny, Vicepresidente Esecutivo e Direttore. Il 30/06/2025 Matheny ha acquistato 19 azioni ordinarie di Classe A a $413,32 ciascuna, portando la sua partecipazione diretta a 403.904 azioni. Continua inoltre a detenere 36.648 azioni tramite il piano pensionistico aziendale e 9.821 azioni indirettamente (7.300 come fiduciaria del GST Trust e 2.521 detenute dal coniuge). Non sono state segnalate transazioni su strumenti derivati.

L'acquisto rappresenta meno dello 0,005% della sua proprietà diretta ed è irrilevante rispetto alle 17 milioni di azioni in circolazione di DDS, tuttavia qualsiasi acquisto da parte di un insider—specialmente un dirigente senior—può essere interpretato come un segnale di fiducia. Non ci sono state vendite, esercizi di opzioni o indicazioni di piani 10b5-1, e il modulo conferma il suo continuo ruolo sia come dirigente che come direttore.

Dillard’s, Inc. (DDS) presentó el Formulario 4 el 02/07/2025, revelando una compra modesta en el mercado abierto por parte de la insider de larga data Drue Matheny, Vicepresidenta Ejecutiva y Directora. El 30/06/2025, Matheny adquirió 19 acciones ordinarias Clase A a $413.32 cada una, aumentando su participación directa a 403,904 acciones. También mantiene 36,648 acciones a través del plan de jubilación de la empresa y 9,821 acciones indirectamente (7,300 como fideicomisaria del GST Trust y 2,521 en poder de su cónyuge). No se reportaron transacciones con derivados.

La compra representa menos del 0.005% de su propiedad directa y es insignificante frente a las 17 millones de acciones en circulación de DDS, pero cualquier compra por parte de un insider—especialmente un ejecutivo senior—puede interpretarse como una señal de confianza. No hubo ventas, ejercicios de opciones ni indicios de planes 10b5-1, y la presentación confirma su estatus continuo como oficial y directora.

Dillard’s, Inc. (DDS)� 2025� 7� 2일자 Form 4 제출� 통해 오랜 내부자이� 부사장 � 이사� Drue Matheny� 소규� 공개 시장 매수� 공개했습니다. 2025� 6� 30� Matheny� 주당 $413.32� 클래� A 보통� 19주를 취득하여 직접 보유 주식� 403,904�� 늘렸습니�. 또한 회사 퇴직연금 플랜� 통해 36,648�� 보유하고 있으�, 간접적으� 9,821�� 보유 중입니다(7,300주는 GST 신탁� 수탁자로�, 2,521주는 배우� 명의). 파생상품 거래� 보고되지 않았습니�.

이번 매수� 그녀� 직접 보유 지분의 0.005% 미만으로 DDS� 1,700� � 유통 주식수에 비해 미미하지�, 특히 고위 임원� 내부� 매수� 신뢰 신호� 해석� � 있습니다. 매도, 옵션 행사 또는 10b5-1 계획 관� 내용은 없으�, 제출서류� 그녀가 계속 임원 � 이사로서� 지위를 유지함을 확인합니�.

Dillard’s, Inc. (DDS) a déposé le formulaire Form 4 daté du 02/07/2025, révélant un achat modeste en marché ouvert par l’insider de longue date Drue Matheny, vice-présidente exécutive et administratrice. Le 30/06/2025, Matheny a acquis 19 actions ordinaires de classe A à 413,32 $ chacune, portant sa détention directe à 403 904 actions. Elle détient également 36 648 actions via le plan de retraite de l’entreprise ainsi que 9 821 actions indirectement (7 300 en tant que fiduciaire du GST Trust et 2 521 détenues par son conjoint). Aucune transaction sur dérivés n’a été signalée.

L’achat représente moins de 0,005 % de sa propriété directe et est négligeable par rapport aux 17 millions d’actions en circulation de DDS, mais tout achat par un insider—en particulier un cadre supérieur—peut être interprété comme un signe de confiance. Il n’y a eu aucune vente, exercice d’options ou indication de plan 10b5-1, et le dépôt confirme son statut continu d’officier et d’administratrice.

Dillard’s, Inc. (DDS) hat am 02.07.2025 das Formular Form 4 eingereicht, das einen bescheidenen Kauf am offenen Markt durch die langjährige Insiderin Drue Matheny, Executive Vice President und Direktorin, offenlegt. Am 30.06.2025 erwarb Matheny 19 Class A Stammaktien zu je 413,32 USD und erhöhte damit ihren direkten Bestand auf 403.904 Aktien. Zudem hält sie weiterhin 36.648 Aktien über den betrieblichen Altersvorsorgeplan sowie 9.821 Aktien indirekt (7.300 als Treuhänderin des GST Trust und 2.521 im Besitz ihres Ehepartners). Es wurden keine Derivatgeschäfte gemeldet.

Der Kauf macht weniger als 0,005 % ihres direkten Besitzes aus und ist im Vergleich zu den 17 Millionen frei handelbaren DDS-Aktien unerheblich, dennoch kann jeder Insider-Kauf � insbesondere durch eine Führungskraft � als Vertrauenssignal gewertet werden. Es gab keine Verkäufe, Optionsausübungen oder Hinweise auf 10b5-1-Pläne, und die Einreichung bestätigt ihren fortbestehenden Status als leitende Angestellte und Direktorin.

Positive
  • Open-market insider purchase signals potential management confidence in DDS shares.
  • Executive retains a large equity stake (>400k shares), aligning interests with shareholders.
Negative
  • Purchase size is immaterial (~$7.9k), limiting informational value.
  • No additional context on strategic initiatives or financial performance accompanies the filing.

Insights

TL;DR: Tiny insider buy; sentimentally positive but financially immaterial.

The 19-share purchase (~$7.9k) is negligible versus Matheny’s >400k direct shares and DDS’s $7 bn market cap. However, the direction of trade is noteworthy: insiders at DDS have historically been net sellers, so any purchase—however small—may bolster market perception of management confidence amid volatile retail conditions. With no concurrent option grants or planned sales, the filing has symbolic but limited valuation impact.

TL;DR: Governance-neutral; reaffirms insider alignment through continued equity stake.

Matheny already holds a substantial 2.4% insider stake; the incremental purchase aligns incentives but does not materially alter ownership structure. Absence of 10b5-1 designation suggests discretionary buying, which markets often view more favorably. No red flags arise, and the filing maintains transparency requirements.

Dillard’s, Inc. (DDS) ha presentato il modulo Form 4 il 02/07/2025, rivelando un modesto acquisto sul mercato aperto da parte dell'insider di lunga data Drue Matheny, Vicepresidente Esecutivo e Direttore. Il 30/06/2025 Matheny ha acquistato 19 azioni ordinarie di Classe A a $413,32 ciascuna, portando la sua partecipazione diretta a 403.904 azioni. Continua inoltre a detenere 36.648 azioni tramite il piano pensionistico aziendale e 9.821 azioni indirettamente (7.300 come fiduciaria del GST Trust e 2.521 detenute dal coniuge). Non sono state segnalate transazioni su strumenti derivati.

L'acquisto rappresenta meno dello 0,005% della sua proprietà diretta ed è irrilevante rispetto alle 17 milioni di azioni in circolazione di DDS, tuttavia qualsiasi acquisto da parte di un insider—specialmente un dirigente senior—può essere interpretato come un segnale di fiducia. Non ci sono state vendite, esercizi di opzioni o indicazioni di piani 10b5-1, e il modulo conferma il suo continuo ruolo sia come dirigente che come direttore.

Dillard’s, Inc. (DDS) presentó el Formulario 4 el 02/07/2025, revelando una compra modesta en el mercado abierto por parte de la insider de larga data Drue Matheny, Vicepresidenta Ejecutiva y Directora. El 30/06/2025, Matheny adquirió 19 acciones ordinarias Clase A a $413.32 cada una, aumentando su participación directa a 403,904 acciones. También mantiene 36,648 acciones a través del plan de jubilación de la empresa y 9,821 acciones indirectamente (7,300 como fideicomisaria del GST Trust y 2,521 en poder de su cónyuge). No se reportaron transacciones con derivados.

La compra representa menos del 0.005% de su propiedad directa y es insignificante frente a las 17 millones de acciones en circulación de DDS, pero cualquier compra por parte de un insider—especialmente un ejecutivo senior—puede interpretarse como una señal de confianza. No hubo ventas, ejercicios de opciones ni indicios de planes 10b5-1, y la presentación confirma su estatus continuo como oficial y directora.

Dillard’s, Inc. (DDS)� 2025� 7� 2일자 Form 4 제출� 통해 오랜 내부자이� 부사장 � 이사� Drue Matheny� 소규� 공개 시장 매수� 공개했습니다. 2025� 6� 30� Matheny� 주당 $413.32� 클래� A 보통� 19주를 취득하여 직접 보유 주식� 403,904�� 늘렸습니�. 또한 회사 퇴직연금 플랜� 통해 36,648�� 보유하고 있으�, 간접적으� 9,821�� 보유 중입니다(7,300주는 GST 신탁� 수탁자로�, 2,521주는 배우� 명의). 파생상품 거래� 보고되지 않았습니�.

이번 매수� 그녀� 직접 보유 지분의 0.005% 미만으로 DDS� 1,700� � 유통 주식수에 비해 미미하지�, 특히 고위 임원� 내부� 매수� 신뢰 신호� 해석� � 있습니다. 매도, 옵션 행사 또는 10b5-1 계획 관� 내용은 없으�, 제출서류� 그녀가 계속 임원 � 이사로서� 지위를 유지함을 확인합니�.

Dillard’s, Inc. (DDS) a déposé le formulaire Form 4 daté du 02/07/2025, révélant un achat modeste en marché ouvert par l’insider de longue date Drue Matheny, vice-présidente exécutive et administratrice. Le 30/06/2025, Matheny a acquis 19 actions ordinaires de classe A à 413,32 $ chacune, portant sa détention directe à 403 904 actions. Elle détient également 36 648 actions via le plan de retraite de l’entreprise ainsi que 9 821 actions indirectement (7 300 en tant que fiduciaire du GST Trust et 2 521 détenues par son conjoint). Aucune transaction sur dérivés n’a été signalée.

L’achat représente moins de 0,005 % de sa propriété directe et est négligeable par rapport aux 17 millions d’actions en circulation de DDS, mais tout achat par un insider—en particulier un cadre supérieur—peut être interprété comme un signe de confiance. Il n’y a eu aucune vente, exercice d’options ou indication de plan 10b5-1, et le dépôt confirme son statut continu d’officier et d’administratrice.

Dillard’s, Inc. (DDS) hat am 02.07.2025 das Formular Form 4 eingereicht, das einen bescheidenen Kauf am offenen Markt durch die langjährige Insiderin Drue Matheny, Executive Vice President und Direktorin, offenlegt. Am 30.06.2025 erwarb Matheny 19 Class A Stammaktien zu je 413,32 USD und erhöhte damit ihren direkten Bestand auf 403.904 Aktien. Zudem hält sie weiterhin 36.648 Aktien über den betrieblichen Altersvorsorgeplan sowie 9.821 Aktien indirekt (7.300 als Treuhänderin des GST Trust und 2.521 im Besitz ihres Ehepartners). Es wurden keine Derivatgeschäfte gemeldet.

Der Kauf macht weniger als 0,005 % ihres direkten Besitzes aus und ist im Vergleich zu den 17 Millionen frei handelbaren DDS-Aktien unerheblich, dennoch kann jeder Insider-Kauf � insbesondere durch eine Führungskraft � als Vertrauenssignal gewertet werden. Es gab keine Verkäufe, Optionsausübungen oder Hinweise auf 10b5-1-Pläne, und die Einreichung bestätigt ihren fortbestehenden Status als leitende Angestellte und Direktorin.

0001006655false00010066552025-06-302025-06-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549FORM 8-KCURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934Date of Report (Date of earliest event reported): June 30, 2025Evolution Petroleum Corporation(Exact name of registrant as specified in its charter)001-32942(Commission File Number)
Nevada41-1781991
(State or Other Jurisdiction of Incorporation)(I.R.S. Employer Identification No.)
1155 Dairy Ashford Road, Suite 425, Houston, Texas77079
(Address of Principal Executive Offices)(Zip Code)
(713) 935-0122(Registrant’s Telephone Number, Including Area Code)Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)    Soliciting material pursuant to Rule 14a-12 under the exchange Act (17 CFR 240.14a-12)    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
   
Trading Symbol(s)
   
Name of Each Exchange On Which Registered
Common Stock, $0.001 par value
EPM
NYSE American
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).Emerging growth company    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 1.01Entry into a Material Definitive Agreement.On June 30, 2025, Evolution Petroleum Corporation (the “Company” or “Evolution”), entered into an amended and restated senior secured reserve-based credit agreement (the “Senior Secured Credit Facility”) with MidFirst Bank, as administrative agent for the lenders party thereto, in an amount up to $200.0 million with an initial borrowing base of $65.0 million maturing on June 30, 2028. Current borrowings outstanding are $37.5 million. Proceeds of any loans may be used for working capital in the ordinary course of business, for the acquisition of Oil and Gas Properties, and for the drilling and development of the Oil and Gas Properties of the Company and its subsidiaries.The Senior Secured Credit Facility contains certain events of default, including non-payment; breaches of representation and warranties; non-compliance with covenants; cross-defaults to material indebtedness; voluntary or involuntary bankruptcy; judgments and change in control. The Senior Secured Credit Facility also contains financial covenants including a requirement that the Company maintain, as of the last day of each fiscal quarter, (i) a maximum total leverage ratio of not more than 3.00 to 1.00, (ii) a current ratio of not less than 1.00 to 1.00, and (iii) a consolidated tangible net worth of not less than $40.0 million, each as defined in the Senior Secured Credit Facility. In addition, the Senior Secured Credit Facility contains hedging requirements that apply when utilization is greater than 25% of (x) the Margined Collateral Value, as defined under the Senior Secured Credit Facility, at any time when the leverage ratio is less than 2.25 to 1.00, or (y) the borrowing base, at any time when the leverage ratio is greater than or equal to 2.25 to 1.00.The Senior Secured Credit Facility carries a commitment fee of 0.25% per annum on the undrawn portion of the borrowing base. Any borrowings under the Senior Secured Credit Facility will bear interest, at the Company’s option, at either (i) the Secured Overnight Financing Rate (“SOFR”), subject to a minimum SOFR of 3.25%, plus a credit spread adjustment of 0.05%, or (ii) the Prime Rate, as defined under the Senior Secured Credit Facility, plus 1.00%, plus, in either case of (i) or (ii), and applicable margin of 2.75%. The Company and certain subsidiaries granted a mortgage to MidFirst Bank on substantially all of their oil and gas properties, including all of their present and future mineral interests in such properties. The Company’s subsidiaries guaranteed the Company’s obligations under the facility. The Senior Secured Credit Facility is subject to certain customary representations and warranties, affirmative covenants, negative covenants and post-closing covenants consistent with agreements of this type.The foregoing description of the Senior Secured Credit Facility does not purport to be complete and is qualified in its entirety by reference to the Senior Secured Credit Facility filed as Exhibit 10.2 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.Item 8.01Other Events.On July 1, 2025, Evolution announced the initial results of its joint venture audit of its Barnett Shale properties. In fiscal year 2024, Evolution exercised its right to perform a joint interest audit of expenses charged from the largest operator of its Barnett Shale properties, for the calendar years 2022-2023. The initial findings produced several areas where it appeared Evolution had been over-charged and, so far, Evolution and the operator have discovered approximately $1.8 million owed to Evolution relating to the September 2021 through December 2023 time period. This amount will be recognized as a reduction to lease operating expenses and accounts payable in the Company’s fiscal fourth quarter and full-year 2025 results. Evolution plans to continue with its rights under the joint operating agreement to audit future periods.
Item 9.01Financial Statements and Exhibits(d)   Exhibits
Exhibit No.Description
10.2Amended and Restated Credit Agreement date June 30, 2025 between Evolution Petroleum Corporation and MidFirst Bank
99.1Evolution Petroleum Corporation Press Release dated July 1, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL)
SIGNATURESPursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Evolution Petroleum Corporation (Registrant)
Date: July 2, 2025By:/s/ RYAN STASH
Name:Ryan Stash
Title:Senior Vice President and Chief Financial Officer

FAQ

How many Dillard’s (DDS) shares did Drue Matheny buy?

19 Class A shares purchased on 06/30/2025 at $413.32 each.

What is Matheny’s total direct ownership after this transaction?

She now directly owns 403,904 DDS shares.

Were any shares sold or derivatives exercised in this Form 4?

No. The filing reports only an acquisition; no sales or option exercises occurred.

Does the filing indicate a 10b5-1 trading plan?

No. The transaction is not marked as pursuant to Rule 10b5-1(c).

How many DDS shares does Matheny hold indirectly?

She controls 9,821 indirect shares: 7,300 via GST Trust and 2,521 through her spouse.
Evolution Petro

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