Riley Exploration Permian (REPX) director granted 7,143 restricted stock units

Rhea-AI Filing Summary

Saadati Bobby reported acquisition or exercise transactions in this Form 4 filing.

Riley Exploration Permian director Bobby Saadati received a grant of 7,143 shares of time-based restricted common stock under the company’s Second Amended and Restated 2021 Long Term Incentive Plan. All 9,021 shares of his restricted common stock position vest on June 1, 2027, subject to continued service and other conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Saadati Bobby

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share	7,143	$0.00	--

Holdings After Transaction: Common Stock, par value $0.001 per share — 9,021 shares (Direct, null)

Footnotes (1)

1. Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. The shares vest on June 1, 2027, subject to the reporting person's continued service through the date and certain other restrictions. This amount includes 9,021 shares of restricted common stock subject to vesting and certain other restrictions.

Key Figures

Restricted stock granted: 7,143 shares Price per share in grant: $0.0000 per share Shares after transaction: 9,021 shares +1 more

4 metrics

Restricted stock granted 7,143 shares Time-based restricted common stock granted on May 15, 2026

Price per share in grant $0.0000 per share Compensation award, not an open-market purchase

Shares after transaction 9,021 shares Total restricted common stock following the grant

Vesting date June 1, 2027 Vesting for the time-based restricted stock grant

Key Terms

time-based restricted stock, Long Term Incentive Plan, restricted common stock, Grant, award, or other acquisition

4 terms

time-based restricted stock financial

"Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan."

Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.

Long Term Incentive Plan financial

"under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 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.

restricted common stock financial

"This amount includes 9,021 shares of restricted common stock subject to vesting and certain other restrictions."

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

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^*

Saadati Bobby

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		A		7,143(1)	A	$0	9,021(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. Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. The shares vest on June 1, 2027, subject to the reporting person's continued service through the date and certain other restrictions.

2. This amount includes 9,021 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Bobby Saadati	05/19/2026
	** 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)

FAQ

What did Riley Exploration Permian (REPX) report in this Form 4 for Bobby Saadati?

The filing shows director Bobby Saadati received 7,143 shares of restricted common stock. This was a grant under Riley Exploration Permian’s 2021 Long Term Incentive Plan, increasing his restricted holdings to 9,021 shares subject to vesting conditions.

How many Riley Exploration Permian (REPX) shares did Bobby Saadati acquire?

Bobby Saadati acquired 7,143 shares of common stock as a restricted stock grant. The transaction was reported with a price of $0.0000 per share, reflecting a compensation award rather than a market purchase of Riley Exploration Permian stock.

When do Bobby Saadati’s new Riley Exploration Permian (REPX) restricted shares vest?

The 7,143 restricted shares vest on June 1, 2027, if service continues. Vesting is also subject to certain other restrictions, meaning the shares are not fully owned free of conditions until that date and requirements are satisfied.

What is Bobby Saadati’s total restricted stock position in Riley Exploration Permian (REPX) after this grant?

After the grant, Bobby Saadati holds 9,021 shares of restricted common stock. All these shares are subject to vesting and other restrictions, so they become fully unrestricted only upon satisfying the vesting schedule and related conditions.

Was Bobby Saadati’s Riley Exploration Permian (REPX) Form 4 transaction a market buy or sell?

The transaction was a grant or award, not an open-market buy or sell. It is classified as an acquisition with code “A,” representing time-based restricted stock granted as compensation under the company’s long-term incentive plan.