What share totals does the Riley Exploration (REPX) Form 4 show after these grants?

One reported holding shows 525,483 shares following the grant, including 249,295 restricted shares. Another shows 415,317 shares following the performance-based award, including 359,462 restricted shares, all subject to vesting and certain other restrictions under the incentive plan.

Riley Exploration (REPX) CEO receives major restricted stock and performance grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Riley Exploration Permian, Inc. reported that CEO Bobby Riley acquired common stock through equity awards, not open-market purchases. He received 110,166 shares of time-based restricted stock under the company’s Second Amended and Restated 2021 Long Term Incentive Plan, vesting in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029, subject to forfeiture and accelerated vesting provisions. He also received a performance-based restricted stock award with a maximum payout opportunity of 102,297 shares, equal to 200% of the target award, which cliff vests on April 1, 2029 based on relative total shareholder return performance for the period from January 1, 2026 through December 31, 2028. Following these awards, one reported holding shows 525,483 shares, including 249,295 restricted shares, and another shows 415,317 shares, including 359,462 restricted shares, all subject to vesting and other restrictions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Riley Bobby

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share	102,297	$0.00	--
Grant/Award	Common Stock, par value $0.001 per share	110,166	$0.00	--

Holdings After Transaction: Common Stock, par value $0.001 per share — 415,317 shares (Direct, null)

Footnotes (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. This amount includes 249,295 shares of restricted common stock subject to vesting and certain other restrictions. 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. This amount includes 359,462 shares of restricted common stock subject to vesting and certain other restrictions.

Key Figures

Time-based restricted stock grant: 110,166 shares Performance-based award maximum: 102,297 shares Post-grant holdings (time-based line): 525,483 shares +5 more

8 metrics

Time-based restricted stock grant 110,166 shares Granted to CEO as restricted stock on May 15, 2026

Performance-based award maximum 102,297 shares Maximum payout equal to 200% of target award

Post-grant holdings (time-based line) 525,483 shares Includes 249,295 restricted shares after time-based award

Restricted shares included (time-based) 249,295 shares Restricted common stock subject to vesting and other restrictions

Post-grant holdings (performance line) 415,317 shares Includes 359,462 restricted shares after performance award

Restricted shares included (performance) 359,462 shares Restricted common stock subject to vesting and other restrictions

Performance period January 1, 2026–December 31, 2028 TSR measurement period for performance-based award

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

Key Terms

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

5 terms

time-based 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."

Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.

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, granted under Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan."

relative total shareholder return performance financial

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

cliff vests financial

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

long term incentive plan financial

"granted under Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan."

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 11:09 AM

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).

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 Bobby

(Last)

(First)

(Middle)

C/O RILEY EXPLORATION PERMIAN, INC.

29 EAST 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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	05/15/2026		A		102,297⁽¹⁾	A	$0	415,317⁽²⁾	D
Common Stock, par value $0.001 per share	05/15/2026		A		110,166⁽³⁾	A	$0	525,483⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 249,295 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 359,462 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Bobby D. Riley	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.
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Riley Exploration Permian (REPX) report for its CEO?

Riley Exploration Permian reported that CEO Bobby Riley received equity awards of common stock, not open-market purchases. These include time-based and performance-based restricted stock grants under the company’s 2021 Long Term Incentive Plan, significantly increasing his stock-based compensation exposure.

How many restricted shares did the Riley Exploration (REPX) CEO receive in this Form 4?

The CEO received 110,166 shares of time-based restricted stock and a performance-based restricted stock award with a maximum payout opportunity of 102,297 shares. These equity awards are subject to vesting schedules and performance conditions rather than being immediately unrestricted common stock.

What are the vesting terms for the time-based restricted stock at Riley Exploration (REPX)?

The time-based restricted stock vests in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029. Vesting is subject to certain forfeiture and potential accelerated vesting provisions as described in the company’s Second Amended and Restated 2021 Long Term Incentive Plan.

How is the performance-based restricted stock award at Riley Exploration (REPX) structured?

The performance-based award represents a maximum payout of 102,297 shares, equal to 200% of the target award. It cliff vests on April 1, 2029, based on relative total shareholder return from January 1, 2026 through December 31, 2028 compared to a defined peer group.