Bluescape group trims Riley Exploration (REPX) stake with 4,820-share sale

Rhea-AI Filing Summary

Riley Exploration Permian, Inc. had a large shareholder group associated with Bluescape entities report an open-market sale of common stock. On February 11, 2026, Bluescape Riley Exploration Holdings LLC sold 4,820 shares of Riley Exploration Permian common stock at a weighted average price of $28.2336 per share, in multiple trades between $28.05 and $28.4165.

After this sale, the reporting entities together continued to beneficially own 3,128,358 shares of common stock. The filing lists several related Bluescape investment and general partner entities, as well as C. John Wilder Jr., and includes standard language in which each reporting person disclaims beneficial ownership beyond its pecuniary interest.

Insider Trade Summary

Net Seller: 4,820 shares ($136,086)

Net Sell 1 txn

Insider Bluescape Riley Exploration Holdings LLC, Bluescape Energy Recapitalization & Restructuring Fund III LP, Bluescape Energy Partners III GP LLC, Bluescape Resources GP Holdings LLC, Bluescape Resources Co LLC, WILDER C JOHN

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 4,820 shs ($136K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,820	$28.2336	$136K

Holdings After Transaction: Common Stock — 3,128,358 shares (Direct)

Footnotes (1)

1. The February 11th price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.05 to $28.4165, 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), (2) and (3) 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Bluescape Riley Exploration Holdings LLC

(Last) (First) (Middle)

300 CRESCENT COURT, STE. 1860

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Riley Exploration Permian, Inc. [ REPX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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
Common Stock	02/11/2026		S		4,820	D	$28.2336(1)	3,128,358	D(2)(3)(4)(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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

1. Name and Address of Reporting Person^*

Bluescape Riley Exploration Holdings LLC

(Last) (First) (Middle)

300 CRESCENT COURT, STE. 1860

(Street)

DALLAS TX 75201

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Bluescape Energy Recapitalization & Restructuring Fund III LP

(Last) (First) (Middle)

300 CRESCENT COURT, STE. 1860

(Street)

DALLAS TX 75201

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Bluescape Energy Partners III GP LLC

(Last) (First) (Middle)

300 CRESCENT COURT, STE. 1860

(Street)

DALLAS TX 75201

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Bluescape Resources GP Holdings LLC

(Last) (First) (Middle)

300 CRESCENT COURT, STE. 1860

(Street)

DALLAS TX 75201

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Bluescape Resources Co LLC

(Last) (First) (Middle)

300 CRESCENT COURT, STE. 1860

(Street)

DALLAS TX 75201

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

WILDER C JOHN

(Last) (First) (Middle)

300 CRESCENT COURT, STE. 1860

(Street)

DALLAS TX 75201

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The February 11th price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.05 to $28.4165, 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), (2) and (3) to this Form 4.

2. The reported securities are held directly by Bluescape Riley Exploration Holdings LLC ("Bluescape Riley Holdings").

3. Bluescape Energy Recapitalization and Restructuring Fund III LP owns 90.06% of the membership interests of Bluescape Riley Holdings.

4. 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.

5. 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.

Remarks:

	C. John Wilder, Jr.	02/13/2026
	Jonathan Siegler	02/13/2026
	Jonathan Siegler	02/13/2026
	Jonathan Siegler	02/13/2026
	C. John Wilder, Jr.	02/13/2026
	C. John Wilder, Jr.	02/13/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did REPX report in this Form 4 filing?

Riley Exploration Permian, Inc. reported an open-market sale of shares by Bluescape Riley Exploration Holdings LLC. The entity sold 4,820 shares of common stock at a weighted average price of $28.2336 per share on February 11, 2026, as part of multiple trades.

How many Riley Exploration Permian (REPX) shares were sold and at what prices?

The filing shows 4,820 Riley Exploration Permian common shares were sold. The weighted average sale price was $28.2336 per share, with individual trades executed in a range between $28.05 and $28.4165, according to the detailed pricing footnote in the Form 4.

Who is the primary reporting owner in this REPX Form 4 transaction?

The reported securities are held directly by Bluescape Riley Exploration Holdings LLC. Additional related reporting persons include several Bluescape investment and general partner entities and C. John Wilder Jr., reflecting a tiered ownership structure described in the Form 4 footnotes.

How many REPX shares do the reporting persons hold after the sale?

After the reported transaction, the filing states that the reporting persons beneficially own 3,128,358 shares of Riley Exploration Permian common stock. This figure reflects holdings after the 4,820-share open-market sale reported for February 11, 2026, in the Form 4 table.

Do the Bluescape entities claim full beneficial ownership of the REPX shares?

The filing includes a disclaimer that each reporting person, except Bluescape Riley Exploration Holdings LLC, does not admit beneficial ownership for Section 16 purposes. All reporting persons, including Bluescape Riley Holdings, disclaim beneficial ownership except to the extent of their pecuniary interest in the securities.

What ownership role do Bluescape funds have in Bluescape Riley Exploration Holdings LLC?

Bluescape Energy Recapitalization and Restructuring Fund III LP owns 90.06% of the membership interests in Bluescape Riley Exploration Holdings LLC. Additional Bluescape entities serve as the fund’s general partner and parent companies, as outlined in the layered ownership description within the Form 4 footnotes.