REPX Form 4: Bluescape entities report three sales totaling 135,116 shares
Rhea-AI Filing Summary
Riley Exploration Permian, Inc. (REPX) insiders from Bluescape disclosed a series of open-market sales of common stock across September 23–25, 2025. The reporting entities—Bluescape Riley Exploration Holdings LLC and related Bluescape affiliates, with C. John Wilder, Jr. identified as Executive Chairman—reported three disposals totaling 135,116 shares at weighted-average prices of approximately $28.16, $28.25 and $28.09, with price ranges noted in the filing.
After the transactions the reported beneficial ownership held by the reporting group declined from 4,493,185 shares (after the first reported sale) to 4,386,651 shares (following the last reported sale). The filing notes that most holdings are held indirectly through a chain of Bluescape entities and includes the customary disclaimer that, except for Bluescape Riley Holdings, the other reporting persons disclaim beneficial ownership except to the extent of pecuniary interest. The Form 4 is signed and dated 09/25/2025.
Positive
- Transparent disclosure of three open-market sales with weighted-average prices and price ranges provided
- Detailed ownership chain included, clarifying indirect holdings through Bluescape entities
- Form properly signed by authorized representatives and dated 09/25/2025
Negative
- Material insider sales totaling 135,116 REPX shares over three days
- Reported beneficial ownership declined from 4,493,185 to 4,386,651 shares following transactions
Insights
TL;DR: Reporting group sold 135,116 REPX shares over three days, reducing reported beneficial ownership to 4,386,651 shares.
The filing documents executed open-market disposals coded as "S" on 09/23–09/25/2025 totaling 135,116 common shares at weighted-average prices around $28.16–$28.25. The reported post-transaction ownership figures move from 4,493,185 to 4,386,651 shares, showing a net reported decline of 106,534 shares between the first and last reported post-transaction balances. The disclosure is explicit about the indirect ownership structure through multiple Bluescape entities and includes weighted-price ranges to clarify execution pricing. For investors, this is a transparent insider sale disclosure but contains no operational or financial performance data.
TL;DR: Form 4 properly discloses director-level sales and clarifies the multi-entity ownership structure and signatories.
The filing identifies the reporting persons as directors and 10% owners and traces control through Bluescape entities to Executive Chairman C. John Wilder, Jr. The inclusion of weighted-average price ranges and an undertaking to provide per-price breakdowns on request strengthens the record-keeping and compliance posture. Signatures from authorized representatives and dated execution (09/25/2025) are present. The filing also contains standard disclaimers about beneficial ownership for related entities. This is a routine, compliant insider transaction disclosure rather than a governance event implying control change.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 28,000 | $28.0866 | $786K |
| Sale | Common Stock | 78,534 | $28.2465 | $2.22M |
| Sale | Common Stock | 28,582 | $28.1625 | $805K |
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.37, inclusive. The reporting persons undertake to provide to Riley Exploration Permian, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (6) and (7) to this Form 4. The reported securities are held directly by Bluescape Riley Exploration Holdings LLC ("Bluescape Riley Holdings"). Bluescape Energy Recapitalization and Restructuring Fund III LP owns 90.06% of the membership interests of Bluescape Riley Holdings. Bluescape Energy Partners III GP LLC is the general partner of Bluescape Energy Recapitalization and Restructuring Fund III LP. Bluescape Resources GP Holdings LLC owns 100% of the membership interests of Bluescape Energy Partners III GP LLC. Bluescape Resources Company LLC ("Bluescape Resources") owns 100% of the membership interests of Bluescape Resources GP Holdings LLC. Mr. C. John Wilder, Jr. has the power to direct the affairs of Bluescape Resources as its Executive Chairman. Each reporting person, with the exception of Bluescape Riley Holdings, states that neither the filing of this statement nor anything herein shall be deemed an admission that it is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these securities. Each reporting person, including Bluescape Riley Holdings, disclaims beneficial ownership of these securities, except to the extent of such reporting person's pecuniary interest in such securities. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.435, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.36, inclusive.
