Riley Exploration CAO uses shares for taxes

Riley Exploration Permian, Inc. reported that CAO & EVP Commercial Risk Jeffrey Gutman surrendered 1,720 shares of common stock at $32.96 per share to cover withholding taxes on newly vested restricted stock.

Rhea-AI Filing Summary

Riley Exploration Permian, Inc. reported that CAO & EVP Commercial Risk Jeffrey Gutman surrendered 1,720 shares of common stock at $32.96 per share to cover withholding taxes on newly vested restricted stock. The company notes this was a tax-withholding disposition, not a discretionary trade. Following the transaction, Gutman directly holds 98,130 shares of common stock, including 89,765 shares of restricted stock that remain subject to vesting and other restrictions.

Insider Trade Summary

Exercise Price or Tax Liability: 1,720 shares

Exercise Price or Tax Liability 1 txn

Insider Gutman Jeffrey

Role CAO & EVP Commercial Risk

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, par value $0.001 per share	1,720	$32.96	$57K

Holdings After Transaction: Common Stock, par value $0.001 per share — 98,130 shares (Direct)

Footnotes (2)

1. F1. 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 Second Amended and Restated 2021 Riley Exploration Permian, Inc. Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.
2. F2. This amount includes 89,765 shares of restricted common stock subject to vesting and certain other restrictions.

Key Figures

Shares surrendered for tax: 1,720 shares Reference share price: $32.96 per share Shares held after transaction: 98,130 shares +1 more

4 metrics

Shares surrendered for tax 1,720 shares Tax-withholding disposition on vested restricted stock

Reference share price $32.96 per share Value used for tax-withholding share surrender

Shares held after transaction 98,130 shares Direct common stock holdings following tax-withholding disposition

Restricted shares outstanding 89,765 shares Restricted common stock subject to vesting and other restrictions

Key Terms

withholding tax liability, restricted stock, Long Term Incentive Plan, vesting

4 terms

withholding tax liability financial

"These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares"

restricted stock financial

"upon the vesting of shares of restricted stock originally issued to the reporting person"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Long Term Incentive Plan financial

"pursuant to the Second Amended and Restated 2021 Riley Exploration Permian, Inc. 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.

vesting financial

"This amount includes 89,765 shares of restricted common stock subject to vesting and certain other restrictions."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Riley Exploration Permian (REPX) report for Jeffrey Gutman?

Riley Exploration Permian reported that CAO & EVP Commercial Risk Jeffrey Gutman surrendered 1,720 common shares. The shares were used to satisfy withholding tax obligations triggered by the vesting of restricted stock, rather than reflecting an open-market sale or discretionary trading decision.

Was Jeffrey Gutman’s Form 4 transaction in REPX stock an open-market sale?

No, the Form 4 transaction was not an open-market sale. The 1,720 shares were surrendered to cover withholding tax liability from vesting restricted stock, which the company states does not represent a discretionary trade by Gutman in Riley Exploration Permian shares.

How many Riley Exploration Permian (REPX) shares does Jeffrey Gutman hold after this transaction?

After the tax-withholding disposition, Jeffrey Gutman directly holds 98,130 shares of Riley Exploration Permian common stock. This total includes 89,765 restricted shares that remain subject to vesting schedules and other restrictions under the company’s long-term incentive plan.

What price per share was used for Jeffrey Gutman’s tax-withholding share surrender in REPX?

The tax-withholding disposition used a price of $32.96 per share for the 1,720 surrendered shares. This value is typically used for calculating the tax liability on the vested restricted stock, rather than representing an executed market trade in Riley Exploration Permian shares.

Which equity plan governed Jeffrey Gutman’s restricted stock at Riley Exploration Permian (REPX)?

Gutman’s restricted stock was issued under the Second Amended and Restated 2021 Riley Exploration Permian, Inc. Long Term Incentive Plan. The surrendered 1,720 shares covered taxes from vesting, while 89,765 restricted shares remain outstanding under this incentive compensation program.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 09:22 AM Learn about SEC filing dates

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^*

Gutman Jeffrey

(Last) (First) (Middle)

C/O RILEY EXPLORATION PERMIAN, INC.

29 E. 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CAO & EVP Commercial Risk

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	07/01/2026		F		1,720(1)	D	$32.96	98,130(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 Second Amended and Restated 2021 Riley Exploration Permian, Inc. Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.

2. This amount includes 89,765 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Jeffrey M. Gutman	07/06/2026
	** 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)