Riley Exploration (REPX) director reports 1.49M-share Yorktown restructuring moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Riley Exploration Permian director Lawrence Bryan H. reported a series of non-market restructuring transactions involving 1,490,079 shares of Common Stock. All transactions used code J, described as other acquisitions or dispositions, and were recorded at a price of $0.00 per share.
On April 13 and 14, 2026, his direct holdings changed to 31,319 shares, while several large blocks moved among affiliated Yorktown and Riley Exploration Group entities as pro rata in-kind distributions. These include 489,863 shares received by Yorktown Energy Partners IX, L.P. and 896,274 shares received by Yorktown Energy Partners X, L.P. from Riley Exploration Group, LLC.
The footnotes state these entity-to-entity transfers were treated as changes in the form of beneficial ownership under Rule 16a-13. Bryan is a member and manager of the general partners of the Yorktown entities and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Lawrence Bryan H.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.001 per share | 9,781 | $0.00 | -- |
| Other | Common Stock, par value $0.001 per share | 896,274 | $0.00 | -- |
| Other | Common Stock, par value $0.001 per share | 81,036 | $0.00 | -- |
| Other | Common Stock, par value $0.001 per share | 5,777 | $0.00 | -- |
| Other | Common Stock, par value $0.001 per share | 489,863 | $0.00 | -- |
| Other | Common Stock, par value $0.001 per share | 7,348 | $0.00 | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 31,319 shares (Direct);
Common Stock, par value $0.001 per share — 0 shares (Indirect, See footnote)
Footnotes (1)
- Pro rata in-kind distribution from Yorktown Energy Partners IX, L.P. ("Yorktown IX"). On April 7, 2026, Yorktown IX received 489,863 shares of Common Stock, par value $0.001 per share, of Riley Exploration Permian, Inc., a Delaware corporation (the "Issuer"), in a pro rata in-kind distribution from Riley Exploration Group, LLC, a Delaware limited liability company ("REG"), that was exempt from reporting pursuant to Rule 16a-13, as a change in form of beneficial ownership. Pro rata in-kind distribution from Yorktown Energy Partners X, L.P. ("Yorktown X"). On April 7, 2026, Yorktown X received 896,274 shares of Common Stock, par value $0.001 per share, of the Issuer in a pro rata in-kind distribution from REG that was exempt from reporting pursuant to Rule 16a-13, as a change in form of beneficial ownership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose. These securities are owned directly by Yorktown IX. The reporting person is a member and a manager of Yorktown IX Associates LLC ("Yorktown IX Associates"), the general partner of Yorktown IX Company LP ("Yorktown IX Company"), the general partner of Yorktown IX. These securities are owned directly by Yorktown IX Company. The reporting person is a member and a manager of Yorktown IX Associates, the general partner of Yorktown IX Company. These securities are owned directly by Yorktown X. The reporting person is a member and a manager of Yorktown X Associates LLC ("Yorktown X Associates"), the general partner of Yorktown X Company LP ("Yorktown X Company"), the general partner of Yorktown X. These securities are owned directly by Yorktown X Company. The reporting person is a member and a manager of Yorktown X Associates, the general partner of Yorktown X Company. These securities are owned directly by REG. Yorktown IX and Yorktown X are members who together control REG. The reporting person is a member and a manager of Yorktown IX Associates, the general partner of Yorktown IX Company, the general partner of Yorktown IX. The reporting person is a member and a manager of Yorktown X Associates, the general partner of Yorktown X Company, the general partner of Yorktown X. These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and a manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.
Key Figures
Restructuring shares: 1,490,079 shares
Direct transaction Apr 14: 9,781 shares
Direct transaction Apr 13: 5,777 shares
+5 more
8 metrics
Restructuring shares
1,490,079 shares
Shares involved in restructuring-type transactions per transaction summary
Direct transaction Apr 14
9,781 shares
Code J entry at $0.00; direct holdings became 31,319 shares
Direct transaction Apr 13
5,777 shares
Code J entry at $0.00; direct holdings became 21,538 shares
Yorktown IX distribution
489,863 shares
Pro rata in-kind distribution from Riley Exploration Group, LLC to Yorktown IX
Yorktown X distribution
896,274 shares
Pro rata in-kind distribution from Riley Exploration Group, LLC to Yorktown X
Indirect holding entry
715,219 shares
Indirect position total following transaction for one Yorktown-related entity
Largest indirect holding entry
1,784,113 shares
Indirect position total following transaction for another Yorktown-related entity
Transaction price
$0.00 per share
All code J restructuring transactions were recorded with zero price
Key Terms
pro rata in-kind distribution, Rule 16a-13, change in form of beneficial ownership, beneficial ownership, +2 more
6 terms
pro rata in-kind distribution financial
"Pro rata in-kind distribution from Yorktown Energy Partners IX, L.P."
Rule 16a-13 regulatory
"that was exempt from reporting pursuant to Rule 16a-13, as a change in form"
change in form of beneficial ownership regulatory
"exempt from reporting pursuant to Rule 16a-13, as a change in form of beneficial ownership"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
Section 16 regulatory
"beneficial owner of the securities for Section 16 or any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did Riley Exploration Permian (REPX) disclose in this Form 4?
The Form 4 reports restructuring-type transactions involving 1,490,079 shares of Riley Exploration Permian Common Stock. These were coded as “other acquisition or disposition” and occurred through affiliated Yorktown and Riley Exploration Group entities, rather than open-market buying or selling by the director.
What are the key indirect holdings noted for REPX in this Form 4?
Indirect holdings are reported through several Yorktown-related entities. Holding entries list 715,219 shares and 1,784,113 shares following the transactions for two indirect positions, reflecting large blocks controlled via partnerships rather than directly by the individual director.
What is the significance of Rule 16a-13 in this REPX Form 4?
Rule 16a-13 is cited to describe certain transfers as changes in the form of beneficial ownership. The filing explains that pro rata in-kind distributions from Riley Exploration Group, LLC to Yorktown IX and Yorktown X were treated under this rule, emphasizing structural reallocations instead of new economic exposure.