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

Rhea-AI Filing Summary

Philip A. Riley, Chief Financial Officer and EVP Strategy of Riley Exploration Permian, Inc. (REPX), reported a transaction on 09/27/2025 in which 6,637 shares of the company's common stock were disposed of at $28.96 per share. The filing states these shares were surrendered solely to satisfy withholding tax obligations arising from the vesting of restricted stock under the company’s 2021 Long Term Incentive Plan and were not a discretionary trade. After the reported disposition, the reporting person beneficially owns 182,535 shares, which include 109,647 restricted shares subject to vesting and other restrictions.

Positive

• Transparency: The filing clearly discloses the reason for the disposition as tax withholding.
• Continued alignment: The reporting person still beneficially owns 182,535 shares, including 109,647 restricted shares subject to vesting.

Negative

• None.

Insights

Securities Analyst

TL;DR: Officer surrendered vested restricted shares to cover taxes; transaction is administrative, not an active sale.

The Form 4 discloses a non-discretionary surrender of 6,637 shares at $28.96 to satisfy tax withholding from vested restricted stock. Because the filing explicitly states the disposition was to satisfy withholding and not a discretionary sale, this transaction is generally viewed as routine compensation settlement rather than an indication of changed insider view on the company’s prospects. The reporting person retains 182,535 beneficially owned shares, including 109,647 restricted shares, which preserves continued alignment with shareholders while vesting conditions remain.

Corporate Governance Expert

TL;DR: Transaction appears compliance-driven; it reflects standard tax withholding on equity compensation.

The disclosure aligns with typical insider reporting practices where restricted stock vests and shares are surrendered to meet tax obligations. The Form 4 clarifies the nature of the disposal and confirms the reporting person’s ongoing ownership position. There is no indication of discretionary trading activity or additional changes to executive roles from this filing.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Riley Philip A

(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)
	CFO & EVP STRATEGY

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2025

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	09/27/2025		F		6,637(1)	D	$28.96	182,535(2)	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. These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares of restricted stock originally issued to the reporting person pursuant to the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.

2. This amount includes 109,647 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/Philip Riley	09/29/2025
	** 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 did Philip A. Riley report on Form 4 for REPX?

He reported surrendering 6,637 shares at $28.96 per share on 09/27/2025 to satisfy withholding tax from vested restricted stock.

Was the transaction a discretionary sale by the REPX CFO?

No. The Form 4 states the shares were surrendered to satisfy tax withholding and does not represent a discretionary trade.

How many REPX shares does Philip Riley beneficially own after the transaction?

He beneficially owns 182,535 shares following the reported transaction, which include 109,647 restricted shares.

What plan governed the restricted stock that vested for Riley?

The restricted stock was originally issued pursuant to the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan.