Filing Details

Accession Number:
0001437749-21-000313
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-01-06 21:12:33
Reporting Period:
2021-01-04
Accepted Time:
2021-01-06 21:12:33
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1792849 Highpeak Energy Inc. HPK () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1559864 L. Michael Hollis 421 W. 3Rd Street, Suite 1000
Fort Worth TX 76102
President Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.0001 Per Share Acquisiton 2021-01-04 35,000 $10.00 61,802 No 4 M Direct
Common Stock, Par Value $0.0001 Per Share Disposition 2021-01-04 35,000 $16.20 26,802 No 4 S Direct
Common Stock, Par Value $0.0001 Per Share Disposition 2021-01-04 5,000 $16.46 21,802 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, Par Value $0.0001 Per Share Nonqualified Stock Option (right to buy) Disposition 2021-01-04 35,000 $0.00 35,000 $10.00
Common Stock, Par Value $0.0001 Per Share Warrants Disposition 2021-01-04 5,000 $4.77 5,000 $11.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,215,000 2030-08-23 No 4 M Direct
33,768 2020-09-20 2025-08-21 No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.0001 100 Indirect See Footnote
Common Stock, Par Value $0.0001 100 Indirect See Footnote
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, Par Value $0.0001 Per Share Warrants $11.50 2020-09-20 2025-08-21 0 100 Indirect
Common Stock, Par Value $0.0001 Per Share Warrants $11.50 2020-09-20 2025-08-21 0 100 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2025-08-21 0 100 Indirect
2025-08-21 0 100 Indirect
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.82 to $16.36, inclusive. The Reporting Person undertakes to provide to HighPeak Energy, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of common stock, par value $0.001 per share of the Issuer ("common stock") sold at each separate price within the ranges set forth in this footnote (1).
  2. The Reporting Person's sale of common stock of the Issuer reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 3,386 shares of common stock, with the Reporting Person's purchase of 3,386 warrants of the Issuer (the "HPK warrants") at a price of $1.24 per share on August 31, 2020. The Reporting Person has agreed to pay the Issuer, upon settlement of the sale, $12,731.36, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
  3. Represents shares of common stock of the Issuer issued to the Reporting Person's son in exchange for Class A common stock, par value $0.0001 per share ("Class A Common Stock") of Pure Acquisition Corp. ("Pure") in connection with the closing of business combination transaction (the "Transaction") between Pure and the Issuer on August 21, 2020.
  4. The Reporting Person was granted options pursuant to Rule 16b-3 to purchase a total of 1,250,000 shares on August 24, 2020 (the "date of grant"), vesting 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.
  5. The Reporting Person's sale of HPK warrants reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 5,000 shares of common stock, with the following transactions: (i) the Reporting Person's purchase of 188 HPK Warrants at a price of $1.06 per share on August 28, 2020, (ii) the Reporting Person's purchase of 962 HPK warrants at a price of $1.24 per share on August 31, 2020, (iii) the Reporting Person's purchase of 100 HPK Warrants at a price of $1.13 per share on August 31, 2020, and (iv) the Reporting Person's purchase of 3,750 HPK warrants at a weighted average price of $1.18 per share on September 1, 2020. The Reporting Person has agreed to pay the Issuer, upon settlement of the sale, $17,942.84, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
  6. Represents HPK warrants to purchase common stock of the Issuer issued to the Reporting Person's son in exchange for Class A Common Stock in connection with the Transaction.