Riley Exploration director granted 7,143 restricted shares

Bayless Rebecca L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Bayless Rebecca L reported acquisition or exercise transactions in this Form 4 filing.

Riley Exploration Permian, Inc. director Rebecca L. Bayless received a grant of 7,143 shares of common stock as a time-based restricted stock award under the company’s Second Amended and Restated 2021 Long Term Incentive Plan. These shares vest on June 1, 2027, subject to her continued service and other restrictions. After this grant, she holds 31,744 shares in total, including 14,667 restricted shares subject to vesting conditions.

Insider Trade Summary

Grant/Award: 7,143 shares

Grant/Award 1 txn

Insider Bayless Rebecca L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share	7,143	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $0.001 per share — 31,744 shares (Direct)

Footnotes (2)

1. F1. Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. The shares vest on June 1, 2027, subject to the reporting person's continued service through the date and certain other restrictions.
2. F2. This amount includes 14,667 shares of restricted common stock subject to vesting and certain other restrictions.

Key Figures

Restricted stock grant: 7,143 shares Grant price: $0.00 per share Total shares after transaction: 31,744 shares +2 more

5 metrics

Restricted stock grant 7,143 shares Time-based restricted common stock granted to director

Grant price $0.00 per share Compensation award, not open-market purchase

Total shares after transaction 31,744 shares Director holdings following the restricted stock grant

Restricted shares outstanding 14,667 shares Restricted common stock subject to vesting and restrictions

Vesting date June 1, 2027 Vesting date for the 7,143-share restricted stock grant

Key Terms

time-based restricted stock, Second Amended and Restated 2021 Long Term Incentive Plan, vest, restricted common stock

4 terms

time-based restricted stock financial

"Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan."

Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.

Second Amended and Restated 2021 Long Term Incentive Plan financial

"Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan."

vest financial

"The shares vest on June 1, 2027, subject to the reporting person's continued service through the date and certain other restrictions."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

restricted common stock financial

"This amount includes 14,667 shares of restricted common stock subject to vesting and certain other restrictions."

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Riley Exploration Permian (REPX) report for Rebecca L. Bayless?

Riley Exploration Permian reported that director Rebecca L. Bayless received a grant of 7,143 shares of time-based restricted common stock. The award was issued under the company’s Second Amended and Restated 2021 Long Term Incentive Plan.

How many Riley Exploration Permian (REPX) shares did Rebecca L. Bayless hold after the new grant?

After the 7,143-share restricted stock grant, Rebecca L. Bayless held a total of 31,744 shares of Riley Exploration Permian common stock. This total includes both unrestricted shares and restricted shares that are still subject to vesting conditions.

When do the newly granted Riley Exploration Permian (REPX) restricted shares vest?

The 7,143 newly granted restricted shares vest on June 1, 2027, if Rebecca L. Bayless continues to serve through that date and satisfies applicable restrictions. Vesting conditions help align director incentives with the company’s longer-term performance and governance.

Was the Riley Exploration Permian (REPX) transaction an open-market purchase or a compensation grant?

The transaction was a compensation-related grant, not an open-market purchase. Riley Exploration Permian awarded 7,143 shares of time-based restricted stock to director Rebecca L. Bayless at a price of $0.00 per share under its long-term incentive plan.

How many Riley Exploration Permian (REPX) shares held by Rebecca L. Bayless are restricted?

Her holdings include 14,667 shares of restricted common stock that are subject to vesting and other restrictions. This figure covers previously granted restricted shares and forms part of her total 31,744-share position in Riley Exploration Permian.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 11:10 AM EDT Learn about SEC filing dates

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^*

Bayless Rebecca L

(Last) (First) (Middle)

C/O RILEY EXPLORATION PERMIAN, INC.

29 E. RENO, SUITE 500

(Street)

OKLAHOMA CITY OKLAHOMA 73104

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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, par value $0.001 per share	05/15/2026		A		7,143(1)	A	$0	31,744(2)	D

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

Explanation of Responses:

1. Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. The shares vest on June 1, 2027, subject to the reporting person's continued service through the date and certain other restrictions.

2. This amount includes 14,667 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Rebecca L. Bayless	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)