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 (3)
- F1. 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.
- F2. 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.
- F3. This amount includes 114,601 shares of restricted common stock subject to vesting and certain other restrictions.
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