| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HOUSTON AMERICAN ENERGY CORP [ HUSA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/15/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock option (right to buy) | $1.63 | 01/15/2025 | A | 9,202.45(1) | 07/15/2025(2) | 01/15/2035(2) | Common Stock | 9,202.45(1) | $0 | 31,522.4 | D | ||||
| Stock option (right to buy) | $1.41 | 02/15/2025 | A | 10,638.3(3) | 08/15/2025(4) | 02/15/2035(4) | Common Stock | 10,638.3(3) | $0 | 42,160.7 | D | ||||
| Stock option (right to buy) | $1.07 | 03/15/2025 | A | 14,018.69(5) | 09/15/2025(6) | 03/15/2035(6) | Common Stock | 14,018.69(5) | $0 | 56,179.39 | D | ||||
| Stock option (right to buy) | $0.56 | 04/15/2025 | A | 26,785.71(7) | 10/15/2025(8) | 04/15/2035(8) | Common Stock | 26,787.71(7) | $0 | 82,965.1 | D | ||||
| Explanation of Responses: |
| 1. On January 15, 2025, the reporting person received a grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $1.63 per share (the trading price for the last business day before the grant date). Therefore, on January 15, 2025, 9,202.45 options were granted to the reporting person. |
| 2. The options were granted on January 15, 2025 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant. |
| 3. On February 15, 2025, the reporting person received a grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $1.41 per share (the trading price for the last business day before the grant date). Therefore, on February 15, 2025, 10,638.30 options were granted to the reporting person. |
| 4. The options were granted on February 15, 2025 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant. |
| 5. On March 15, 2025, the reporting person received a grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $1.07 per share (the trading price for the last business day before the grant date). Therefore, on March 15, 2025, 14,018.69 options were granted to the reporting person. |
| 6. The options were granted on March 15, 2025 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant. |
| 7. On April 15, 2025, the reporting person received a grant of options to acquire a number of shares of the Company's common stock equal to $15,000 divided by the then trading price per share of the Company's common stock, which was $0.56 per share (the trading price for the last business day before the grant date). Therefore, on April 15, 2025, 26,785.71 options were granted to the reporting person. |
| 8. The options were granted on April 15, 2025 and are exercisable six months from the date of grant. The options vest 20% on the date of grant and 80% nine months from the date of grant. |
| Peter F. Longo | 04/16/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||