Riley Exploration director granted 7,143 restricted shares
Saadati Bobby reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
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
Grant/Award: 7,143 shares
Grant/Award
1 txn
Insider
Saadati Bobby
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share | 7,143 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 9,021 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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