[Form 4] Riley Exploration Permian, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Riley Exploration Permian, Inc. (REPX) Form 4 filed by Philip A. Riley, CFO & EVP Strategy. The filing shows two non-derivative dispositions on 10/01/2025: 6,654 shares were surrendered at $27.11 and 175,881 shares are reported as disposed (both marked "D" in the table). The explanatory note clarifies the 6,654-share transaction represents shares surrendered to satisfy withholding tax on restricted stock vesting and was not a discretionary sale. After the reported transactions the reporting person is shown as beneficially owning 175,881 shares, which include 94,644 restricted shares that remain subject to vesting and other restrictions. The form is signed by Philip Riley on 10/02/2025.

Positive

• Reporting person retains substantial stake: 175,881 shares beneficially owned following the reported transactions
• Large portion restricted: 94,644 shares are restricted and subject to vesting, indicating continued alignment with long-term incentives
• Disposition was non‑discretionary: 6,654 shares were surrendered solely to satisfy withholding tax on vested restricted stock, per the filer

Negative

• Share surrender reduced free shares: 6,654 shares were disposed at $27.11, lowering immediately tradable holdings

Insights

Corporate Governance Analyst

TL;DR: Insider surrendered a small block of vested shares for tax withholding; substantial restricted holdings remain.

The reporting person surrendered 6,654 shares specifically to cover withholding taxes tied to the vesting of restricted stock rather than executing a discretionary sale, which is explicitly stated in the filing. The report shows a remaining beneficial ownership position of 175,881 shares, of which 94,644 are still restricted and subject to vesting and other limits.

This matters because the filing distinguishes a tax-withholding disposition from voluntary liquidation and documents a material retained stake that could influence alignment with shareholders. The filing supplies exact share counts and the surrender price of $27.11.

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).

1. Name and Address of Reporting Person^*

Riley Philip A

(Last) (First) (Middle)

C/O RILEY EXPLORATION PERMIAN, INC.

29 EAST RENO, SUITE 500

(Street)

OKLAHOMA CITY OK 73104

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO & EVP STRATEGY

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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

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

X	Form filed by One Reporting Person
	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, par value $0.001 per share	10/01/2025		F		6,654(1)	D	$27.11	175,881(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. 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.

2. This amount includes 94,644 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/Philip Riley	10/02/2025
	** 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.

FAQ

What did Philip A. Riley report on the Form 4 for REPX?

The filing reports two dispositions on 10/01/2025 and shows the reporting person beneficially owning 175,881 shares after the transactions.

Why were 6,654 shares disposed according to the Form 4?

The filing states those 6,654 shares were surrendered to satisfy the withholding tax liability incurred upon vesting of restricted stock and were not a discretionary trade.

How many restricted shares does the reporting person still hold?

The filing specifies 94,644 restricted common stock remain subject to vesting and other restrictions and are included in the 175,881 shares reported.

What price is shown for the surrendered shares?

The transaction for the 6,654 surrendered shares is shown at a price of $27.11.

When was the Form 4 signed by the reporting person?

The signature block shows the form was signed by Philip Riley on 10/02/2025.