Bluescape holder of Riley Exploration (REPX) sells 882,346 common shares in market
Rhea-AI Filing Summary
Riley Exploration Permian, Inc. reported that affiliated holder Bluescape Riley Exploration Holdings LLC, a more than 10% owner, sold a total of 882,346 shares of common stock in open-market transactions on March 5 and March 6.
The March 5 sale covered 391,913 shares at a weighted average price of $31.7552 per share, with trades ranging from $29.68 to $32.80. The March 6 sale covered 490,433 shares at a weighted average price of $32.7967 per share, with trades ranging from $32.05 to $33.395.
The reported securities are held directly by Bluescape Riley Exploration Holdings LLC. Other Bluescape-related entities and C. John Wilder Jr. are listed as reporting persons but state that they disclaim beneficial ownership except to the extent of any pecuniary interest.
Positive
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Insights
A large affiliated holder executed open‑market sales totaling 882,346 REPX shares.
The filing shows that Bluescape Riley Exploration Holdings LLC, a more than 10% holder of Riley Exploration Permian, sold 391,913 shares on March 5 at a weighted average of $31.7552 and 490,433 shares on March 6 at a weighted average of $32.7967. Both are coded as open-market sales of common stock.
The securities are held directly by Bluescape Riley Exploration Holdings LLC, while several related Bluescape entities and C. John Wilder Jr. are also reporting persons. Footnotes state layered ownership relationships and that these other parties disclaim beneficial ownership except for any pecuniary interest, which means economic exposure may be spread across the structure.
After the March 5 trades, Bluescape Riley Exploration Holdings LLC reported owning 2,559,053 shares, and after the March 6 trades it reported 2,068,620 shares. The filing does not state what proportion of Riley Exploration Permian’s total shares this represents, so the ultimate impact on overall ownership structure would be assessed using additional share count information from other company disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 490,433 | $32.7967 | $16.08M |
| Sale | Common Stock | 391,913 | $31.7552 | $12.45M |
Footnotes (1)
- The March 5th price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.68 to $32.80, 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) and (2) to this Form 4. The March 6th price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.05 to $33.395, inclusive. 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.