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

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

Securities Analyst

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.

Corporate Governance Expert

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.

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).

X

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^*

Riley Corey Neil

(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)
	CIO & CCO

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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	08/08/2025		S		3,500(1)	D	$26.4179(2)	176,700(3)	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. 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.

2. 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.

3. This amount includes 114,601 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Corey Riley	08/11/2025
	** 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 insider transaction did REPX (Riley Exploration Permian) report?

The filing reports that insider Riley Corey Neil sold 3,500 shares of REPX common stock in open-market transactions.

At what prices were the REPX shares sold?

The sales produced a weighted average price of $26.4179; the highest sale price was $26.80 and the lowest was $26.25.

Was the REPX sale part of a trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan dated November 13, 2024.

How many REPX shares does the reporting person own after the sale?

Following the reported transactions the reporting person beneficially owns 176,700 shares, including 114,601 restricted shares subject to vesting and other restrictions.

Were the REPX sales executed in a single trade or multiple trades?

The filing states the sales were open-market transactions executed the same day at different prices through a broker-dealer; the filer reported them on a single line within a one-dollar price range.