Lazarus Energy Holdings Acquires 67,500 Blue Dolphin Energy Shares in Multiple Transactions

Lazarus Energy Holdings, LLC, a 10% owner of Blue Dolphin Energy Company (BDCO), filed a Form 4 reporting multiple purchases of BDCO common stock totaling 67,500 shares between April 16-20, 2026. The transactions occurred at prices ranging from $2.80 to $3.25 per share, with Lazarus Energy Holdings acquiring shares in 13 separate purchases. Following these acquisitions, Lazarus Energy Holdings' total direct ownership increased to approximately 8,547,500 shares. The filing includes a footnote noting that Jonathan Carroll, President/Managing Member of Lazarus Energy Holdings and CEO/President of Blue Dolphin Energy, also directly owns 4,125,000 shares of the company. These purchases represent significant insider buying activity by a major shareholder.