REPX Form 4: CIO Corey Riley Surrenders 6,715 Shares at $27.11
Corey Riley, CIO & CCO of Riley Exploration Permian, Inc. (REPX), reported a non‑discretionary disposition and remaining holdings.
Rhea-AI Filing Summary
Corey Riley, CIO & CCO of Riley Exploration Permian, Inc. (REPX), reported a non‑discretionary disposition and remaining holdings. On 10/01/2025 Mr. Riley surrendered 6,715 shares of common stock at a price of $27.11 per share to satisfy withholding tax obligations arising when restricted shares vested; the filing states this was not a discretionary sale. After the reported transaction he beneficially owned 165,565 shares in total. The filing notes that 84,189 of those shares remain restricted and subject to future vesting or other restrictions. The Form 4 is signed and dated 10/02/2025.
Positive
- Transparent disclosure of share surrender to cover tax withholding on vested restricted stock
- Substantial retained position of 165,565 shares after the transaction
- Disclosure that 84,189 shares remain restricted, clarifying staking of a material portion
Negative
- 6,715 shares disposed at $27.11 per share on 10/01/2025 (surrendered to satisfy withholding)
- Insider reduction of liquid shares, which reduces immediately tradable insider stake
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 6,715 | $27.11 | $182K |
Footnotes (2)
- F1. These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares of restricted stock originally issued to the reporting person pursuant to the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.
- F2. This amount includes 84,189 shares of restricted common stock subject to vesting and certain other restrictions.
FAQ
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What transaction did Corey Riley (REPX) report on the Form 4?
On what dates were the transaction and the Form 4 signed?
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