Director Mason H. Matschke buys 7,777 shares of EMPIRE PETROLEUM (EP) at $2.54; stock down -58.3% from 52-week high amid -21.6% revenue decline and $-6.6M net loss.
Mason H. Matschke purchased 7,777 shares at $2.54 on 2026-05-29, bringing his holdings to 426,525 shares. The transaction occurs while Empire Petroleum is under significant pressure: the company reported $-6.6M net income over its most recent full fiscal year and faces -21.6% annual revenue decline, with the latest quarter posting $5,103,000.00 in revenue. The stock is trading 58.3% below its 52-week high of $6.31 and down 22.6% over the past 90 days. This open-market purchase by a director in a capital-intensive, unprofitable company with deteriorating financials represents a material commitment to a distressed equity position.