Bluescape entity trims Riley Exploration (REPX) stake with 5,256-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Riley Exploration Permian, Inc. had a large shareholder group affiliated with Bluescape report an open-market sale of common stock. The reported transaction shows Bluescape Riley Exploration Holdings LLC sold 5,256 shares at a weighted average price of $28.3815 per share on February 23.
After this sale, Bluescape Riley Exploration Holdings LLC reported holding 3,032,653 shares of Riley Exploration Permian common stock. Other related Bluescape entities and C. John Wilder Jr. are listed as reporting persons but each disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,256 shares ($149,173)
Net Sell
1 txn
Insider
Bluescape Riley Exploration Holdings LLC, Bluescape Energy Recapitalization & Restructuring Fund III LP, Bluescape Energy Partners III GP LLC, Bluescape Resources GP Holdings LLC, Bluescape Resources Co LLC, WILDER C JOHN
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
5,256 shs ($149K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,256 | $28.3815 | $149K |
Holdings After Transaction:
Common Stock — 3,032,653 shares (Direct)
Footnotes (1)
- The February 23rd price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.06 to $28.515, inclusive. The reporting persons undertake to provide to Riley Exploration Permian, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) to this Form 4. The reported securities are held directly by Bluescape Riley Exploration Holdings LLC ("Bluescape Riley Holdings"). Bluescape Energy Recapitalization and Restructuring Fund III LP owns 90.06% of the membership interests of Bluescape Riley Holdings. Bluescape Energy Partners III GP LLC is the general partner of Bluescape Energy Recapitalization and Restructuring Fund III LP. Bluescape Resources GP Holdings LLC owns 100% of the membership interests of Bluescape Energy Partners III GP LLC. Bluescape Resources Company LLC ("Bluescape Resources") owns 100% of the membership interests of Bluescape Resources GP Holdings LLC. Mr. C. John Wilder, Jr. has the power to direct the affairs of Bluescape Resources as its Executive Chairman. Each reporting person, with the exception of Bluescape Riley Holdings, states that neither the filing of this statement nor anything herein shall be deemed an admission that it is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these securities. Each reporting person, including Bluescape Riley Holdings, disclaims beneficial ownership of these securities, except to the extent of such reporting person's pecuniary interest in such securities.
FAQ
What insider transaction did Bluescape report in Riley Exploration Permian (REPX) stock?
Bluescape Riley Exploration Holdings LLC reported selling 5,256 shares of Riley Exploration Permian common stock in an open-market transaction at a weighted average price of $28.3815 per share. The sale occurred on February 23 and was disclosed in a Form 4 filing.
What role does C. John Wilder Jr. have in the Bluescape entities reporting REPX holdings?
The Form 4 states that C. John Wilder Jr. has the power to direct the affairs of Bluescape Resources Company LLC as its Executive Chairman. Bluescape Resources indirectly controls upstream entities in the ownership chain of Bluescape Riley Exploration Holdings LLC, which directly holds the reported REPX shares.