Insider at Riley Exploration Permian (REPX) sells 3,500 shares under plan
Rhea-AI Filing Summary
Riley Exploration Permian, Inc. executive Corey Neil Riley, the company’s CIO & CCO, reported selling a total of 3,500 shares of common stock on May 11, 2026 in open‑market transactions. The sales were made at weighted average prices of $34.0203 and $34.5504 per share.
According to a footnote, these transactions were carried out under a pre‑arranged Rule 10b5‑1 trading plan previously adopted by the reporting person, dated July 12, 2025. Additional footnotes state that each reported price reflects a weighted average, with actual sale prices ranging from $33.46 to $34.73 within one‑dollar intervals on that date.
Positive
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Negative
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 per share | 1,178 | $34.0203 | $40K |
| Sale | Common Stock, par value $0.001 per share | 2,322 | $34.5504 | $80K |
Footnotes (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 July 12, 2025. Reflects the weighted average sale price. The highest price at which shares were sold was $34.46 and the lowest price at which shares were sold was $33.46. 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. This amount includes 68,701 shares of restricted common stock subject to vesting and certain other restrictions. Reflects the weighted average sale price. The highest price at which shares were sold was $34.73 and the lowest price at which shares were sold was $34.4750. 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.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average sale price financial
restricted common stock financial
open market sale transactions financial
broker-dealer financial
FAQ
What insider transaction did REPX executive Corey Neil Riley report?
Corey Neil Riley reported selling 3,500 shares of Riley Exploration Permian common stock. The transactions occurred on May 11, 2026, as open‑market sales in two tranches, each reported with a weighted average sale price and detailed price ranges in the footnotes.
Was the REPX insider sale by Corey Neil Riley under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected under a Rule 10b5‑1 trading plan. The plan was previously adopted by the reporting person and is dated July 12, 2025, indicating the transactions were pre‑scheduled rather than newly arranged at the time of sale.
What role does Corey Neil Riley hold at Riley Exploration Permian (REPX)?
The reporting person, Corey Neil Riley, serves as Chief Investment Officer and Chief Compliance Officer. This dual role is disclosed in the filing, which notes his status as an officer but not as a director or ten‑percent beneficial owner of the company.
Does the REPX Form 4 mention restricted common stock held by Corey Neil Riley?
Yes. One footnote notes that the reported share amount includes 68,701 shares of restricted common stock. These restricted shares are subject to vesting and certain other restrictions, which affect when they become fully available to the reporting person.