Riley Exploration insider sale: 3,500 shares at weighted $26.4179 under 10b5-1 plan
Rhea-AI Filing Summary
Riley Exploration Permian, Inc. (REPX) insider Riley Corey Neil, who serves as Chief Investment Officer and Chief Compliance Officer, executed an open-market sale of common stock on 08/08/2025. The transactions were effected through a broker-dealer at multiple prices the same day, producing a weighted average sale price of $26.4179.
The reported sale totaled 3,500 shares, with the highest and lowest trade prices on that day at $26.80 and $26.25, respectively. The sale was made pursuant to a pre-established Rule 10b5-1 trading plan dated November 13, 2024, and the filer has offered to provide detailed price-by-price allocation upon request.
After the reported transactions the reporting person beneficially owns 176,700 shares, which include 114,601 restricted shares subject to vesting and other restrictions.
Positive
- Transaction conducted under a Rule 10b5-1 plan, which supports preplanned execution and reduces signaling risk
- Significant retained ownership: the reporting person still beneficially holds 176,700 shares, including 114,601 restricted shares
Negative
- None.
Insights
TL;DR: Small, preplanned insider sale under a 10b5-1 plan; limited immediate market implication.
The sale of 3,500 shares represents a small portion of the reporting person’s total beneficial ownership (3,500 of 176,700 shares). Executing the trades under a Rule 10b5-1 plan and across multiple prices on a single day reduces the likelihood that this sale reflects new, undisclosed company-specific information. From a market-impact perspective, the transaction size is unlikely to be material to REPX valuation, though investors may note the use of a systematic plan for insider liquidity.
TL;DR: Use of a dated 10b5-1 plan and disclosure of price range is governance-appropriate and increases transparency.
The filing discloses that the trades were made pursuant to a Rule 10b5-1 plan adopted on November 13, 2024, and reports the weighted average, highest, and lowest prices. Providing these details and offering to supply price-by-price allocations upon request aligns with best-practice disclosure and mitigates potential insider-trading concerns. The substantial portion of holdings that remain restricted (114,601 shares) indicates ongoing alignment with shareholder interests.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 3,500 | $26.4179 | $92K |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person, dated November 13, 2024. Reflects the weighted average sale price. The highest price at which shares were sold was $26.80 and the lowest price at which shares were sold was $26.25. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price. This amount includes 114,601 shares of restricted common stock subject to vesting and certain other restrictions.
