REPX COO granted time- and performance-based stock

SUTER JOHN PATRICK reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

SUTER JOHN PATRICK reported acquisition or exercise transactions in this Form 4 filing.

Riley Exploration Permian, Inc. reported that Chief Operating Officer John Patrick Suter received two equity awards of common stock as compensation. One grant covers 34,050 shares of time-based restricted stock that vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029, subject to forfeiture and accelerated vesting provisions. A separate performance-based restricted stock award covers up to 31,619 shares as the maximum payout opportunity, equal to 200% of the target award, and cliff vests on April 1, 2029 based on the company’s relative total shareholder return versus a peer group over the period from January 1, 2026 through December 31, 2028. Both awards were granted at a stated price of $0.00 per share and are subject to vesting and other restrictions.

Insider Trade Summary

Grant/Award: 65,669 shares

Grant/Award 2 txns

Insider SUTER JOHN PATRICK

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share	31,619	$0.00	$0.00
Grant/Award	Common Stock, par value $0.001 per share	34,050	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $0.001 per share — 136,427 shares (Direct)

Footnotes (4)

1. F1. Represents shares of time-based restricted stock granted under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. Subject to certain forfeiture and accelerated vesting provisions, the shares vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029.
2. F2. This amount includes 91,143 shares of restricted common stock subject to vesting and certain other restrictions.
3. F3. Represents the maximum payout opportunity under a performance-based restricted stock award (the "Award"), equal to 200% of the target award, granted under Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. Subject to continued service and the achievement of specified performance criteria, the Award cliff vests on April 1, 2029 based on the Issuer's relative total shareholder return performance as compared to the Issuer's peer group during the performance period beginning January 1, 2026 and ending December 31, 2028. The number of shares earned may range from 0% to 200% of the target award based on achievement of the applicable performance metrics.
4. F4. This amount includes 125,193 shares of restricted common stock subject to vesting and certain other restrictions.

Key Figures

Time-based restricted stock grant: 34,050 shares Performance-based award maximum: 31,619 shares Grant price per share: $0.00 per share +2 more

5 metrics

Time-based restricted stock grant 34,050 shares Granted May 15, 2026; vests in three annual installments 2027–2029

Performance-based award maximum 31,619 shares Maximum payout equal to 200% of target award

Grant price per share $0.00 per share Stated transaction price for both restricted stock awards

Performance period January 1, 2026 to December 31, 2028 Measurement period for relative total shareholder return

Time-based vesting dates April 1, 2027, 2028, 2029 Three equal annual vesting installments for time-based restricted stock

Key Terms

restricted stock, performance-based restricted stock award, relative total shareholder return, cliff vests, +1 more

5 terms

restricted stock financial

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

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

performance-based restricted stock award financial

"Represents the maximum payout opportunity under a performance-based restricted stock award (the "Award"), equal to 200% of the target award."

relative total shareholder return financial

"based on the Issuer's relative total shareholder return performance as compared to the Issuer's peer group during the performance period"

Relative total shareholder return measures how much an investor’s gain from a company — including stock price changes and dividends — beats or lags a chosen benchmark or peer group over a set time. Think of it as a race: it shows whether the company outpaced rivals or the market, which helps investors and boards judge performance, compare returns fairly, and link results to pay or investment decisions.

cliff vests financial

"Subject to continued service and the achievement of specified performance criteria, the Award cliff vests on April 1, 2029"

peer group financial

"based on the Issuer's relative total shareholder return performance as compared to the Issuer's peer group during the performance period"

FAQ

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

What equity awards did REPX COO John Patrick Suter receive in this Form 4?

John Patrick Suter received two restricted stock grants: 34,050 time-based shares and a performance-based award with a maximum of 31,619 shares, both granted at $0.00 per share and subject to vesting and other restrictions.

How do the time-based restricted stock awards for REPX’s COO vest?

The 34,050 time-based restricted shares vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029, assuming continued service and subject to specified forfeiture and accelerated vesting provisions under the long-term incentive plan.

How is the performance-based restricted stock award for REPX’s COO determined?

The performance-based award has a maximum payout of 31,619 shares, equal to 200% of target. Actual shares earned range from 0% to 200% of target, based on relative total shareholder return performance versus a peer group during the 2026–2028 performance period.

When does the performance-based restricted stock award for REPX’s COO vest?

Subject to continued service and achievement of specified performance criteria, the performance-based restricted stock award cliff vests on April 1, 2029, after evaluating the company’s relative total shareholder return over the January 1, 2026 to December 31, 2028 performance period.

What plan governs the restricted stock grants reported for REPX’s COO?

Both the time-based and performance-based restricted stock awards were granted under Riley Exploration Permian, Inc.’s Second Amended and Restated 2021 Long Term Incentive Plan, which sets the terms, vesting conditions, and potential forfeiture provisions for these equity incentives.

Did REPX’s COO pay cash for the restricted stock granted in this Form 4?

No cash payment is indicated. The Form 4 shows a transaction price of $0.00 per share for both the time-based and performance-based restricted stock grants, reflecting that these awards were issued as equity compensation rather than purchased in the open market.

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

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Accepted by SEC EDGAR 05/19/2026 - 11:10 AM 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
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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^*

SUTER JOHN PATRICK

(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)

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

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		31,619(1)	A	$0	102,377(2)	D
Common Stock, par value $0.001 per share	05/15/2026		A		34,050(3)	A	$0	136,427(4)	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 shares of time-based restricted stock granted under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. Subject to certain forfeiture and accelerated vesting provisions, the shares vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029.

2. This amount includes 91,143 shares of restricted common stock subject to vesting and certain other restrictions.

3. Represents the maximum payout opportunity under a performance-based restricted stock award (the "Award"), equal to 200% of the target award, granted under Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. Subject to continued service and the achievement of specified performance criteria, the Award cliff vests on April 1, 2029 based on the Issuer's relative total shareholder return performance as compared to the Issuer's peer group during the performance period beginning January 1, 2026 and ending December 31, 2028. The number of shares earned may range from 0% to 200% of the target award based on achievement of the applicable performance metrics.

4. This amount includes 125,193 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ John Suter	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.
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* Form 4: SEC 1474 (03-26)