[144] Riley Exploration Permian, Inc. SEC Filing
Rhea-AI Filing Summary
Riley Exploration Permian, Inc. (REPX) has filed a Form 144 indicating an intended sale of insider shares.
- Shares to be sold: 3,918 common shares.
- Estimated market value: $109,506.14.
- Percentage of shares outstanding: roughly 0.018 % of the 22,023,036 shares outstanding.
- Broker: Citigroup Global Markets Inc., New York.
- Planned sale date: on or about 06/20/2025 via the NYSE.
- Origin of shares: acquired on 05/01/2023 as compensation for director services; 15,527 shares were originally received.
The notice affirms that the seller is unaware of any undisclosed material adverse information about the company. No prior sales were reported over the past three months. Given the small size of the transaction relative to REPX’s total float, the filing appears routine and is unlikely to have a material impact on the company’s valuation or trading dynamics.
Positive
- None.
Negative
- None.
Insights
TL;DR: Minor insider sale (3,918 shares, ~$110K) equals 0.018 % of float—immaterial impact.
This Form 144 signals that a REPX insider—likely a director given the acquisition method—plans to liquidate a small portion of previously awarded compensation shares. The trade is routed through Citigroup Global Markets and slated for 20 June 2025. With only 3,918 shares involved, the sale is well below the 1 % or 5,000-share safe-harbor thresholds that typically attract market scrutiny. No pattern of recent disposals is disclosed, and the representation confirms no undisclosed negative information. Overall, the event is routine, provides transparency, and should not meaningfully affect liquidity, sentiment, or valuation.