Phil E Mulacek reported an Empire Petroleum share purchase on Form 4

What did Phil E Mulacek report?

The SEC Form 4 reports that Phil E Mulacek, Director, bought 69,427 Empire Petroleum shares in an open-market transaction at $3.20 each. The purchase was made on Oct 14, 2026, and the form was filed on Oct 19, 2026, 5 days later.

The filing puts the holding after the purchase at 1,058,232 shares, an increase of about 7% over the estimated holding before. The shares are held indirectly, as the filing states. The transaction value is described as about $222K.

How does the purchase fit the timing?

The trade was made 58 days after Empire Petroleum's results announcement on Aug 17, 2026, reported under 8-K Item 2.02. Of the 27 open-market purchases by Empire Petroleum insiders in OQRO's records for the 455 days to Oct 19, 2026, 9 were made within 30 days after a results announcement. OQRO counts purchases once per person and day.

As general background, many companies let insiders trade only in a window that opens after results. A sale can also follow an option exercise, a tax bill or a pre-arranged plan. A Form 4 does not say which of these applies here.

What other purchases by this person are on record?

In the 365 days to Oct 19, 2026, OQRO holds 19 other open-market purchases by Phil E Mulacek, about $1M in total, and 19 of those were at Empire Petroleum. The previous open-market purchase by this person on record at OQRO was 0 months earlier.

Of this person's 14 disclosed purchases since Oct 20, 2025, 11 have had 90 days since they were reported. Measured from the first close after each report, the median result was 10.1 points below the S&P 500 (SPY), with 45% ahead of it. These figures describe past results, not the outcome of this purchase.

In the 90 days to Oct 19, 2026, 9 other open-market purchases at Empire Petroleum, about $199K by 2 insiders, were filed. In the 365 days before that, 19 were filed, about $1.06M, an average of 4.7 per 90 days.

What else was filed around the trade?

Insiders at Empire Petroleum also filed 2 open-market sales, about $16K, in the 90 days to Oct 19, 2026. The largest other filing of the same kind in that period was by Mason H. Matschke, Director, about $14K on Sep 16, 2026.

On Sep 16, 2026, 28 days before the purchase, Empire Petroleum filed a Form 8-K of Sep 16, 2026 with Items 1.01, 2.03 and 3.02. OQRO classes the items as signing an important agreement, taking on new debt or obligations, and 1 more item.

FINRA short interest for EP on the settlement date of Sep 30, 2026 was 199,364 shares, -23.91% on the previous report, or about 6.69 days of average volume. In 13F filings for the quarter ended Dec 31, 2024, the largest positions that grew were none on record; the largest that shrank was Cable Car Capital, LP, which sold out. A 13F is a quarter-end snapshot with no trade date.

How did the share price move around the purchase?

EP closed at $3.20 on Oct 14, 2026, the last session on or before the trade date. From Sep 14, 2026 to Oct 14, 2026, the close moved from $2.50 to $3.20, a change of +28.0%.

From Oct 14, 2026 to Oct 19, 2026, the close moved from $3.20 to $3.39, a change of +5.9%. These price moves are context only. The filing does not explain them, and other news can move a price.

What this does not tell you?

A Form 4 reports a transaction; it does not say why it was made. Some purchases and sales follow trading windows or pre-arranged plans, and OQRO notes a plan only when a footnote of the filing says so. An 8-K item reports what the company filed, not what it means for the share price.

Track-record figures start at the report, not at the trade, treat every purchase as equal, and rest on a small sample; they describe the past only. Comparisons use only the filings OQRO holds. This describes public filings. It is not investment advice. See Empire Petroleum on OQRO.