Riley Exploration CEO covers taxes with share surrender

Riley Exploration Permian CEO Bobby Riley reported a routine tax-related share disposition.

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Form Type

Rhea-AI Filing Summary

Riley Exploration Permian CEO Bobby Riley reported a routine tax-related share disposition. On the vesting of restricted stock under the company’s 2021 Long Term Incentive Plan, 11,411 common shares were surrendered at $36.45 per share to cover withholding taxes, not as a discretionary sale.

Following this tax-withholding disposition, Riley directly holds 325,520 shares of common stock, including 146,998 shares of restricted stock that remain subject to vesting and other restrictions.

Insider Trade Summary

Exercise Price or Tax Liability: 11,411 shares

Exercise Price or Tax Liability 1 txn

Insider Riley Bobby

Role CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, par value $0.001 per share	11,411	$36.45	$416K

Holdings After Transaction: Common Stock, par value $0.001 per share — 325,520 shares (Direct)

Footnotes (2)

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 Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.
F2. This amount includes 146,998 shares of restricted common stock subject to vesting and certain other restrictions.

Key Figures

Shares surrendered for taxes: 11,411 shares Tax-withholding share price: $36.45 per share Shares held after transaction: 325,520 shares +1 more

4 metrics

Shares surrendered for taxes 11,411 shares Tax-withholding disposition on vested restricted stock

Tax-withholding share price $36.45 per share Value used for surrendered shares

Shares held after transaction 325,520 shares Direct holdings following tax-withholding disposition

Unvested restricted stock 146,998 shares Restricted common stock subject to vesting and restrictions

Key Terms

withholding tax liability, restricted stock, Long Term Incentive Plan, tax-withholding disposition, +1 more

5 terms

withholding tax liability financial

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

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 Amended and Restated Riley Exploration Permian, Inc. 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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted common stock financial

"This amount includes 146,998 shares of restricted common stock subject to vesting"

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.

FAQ

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

What did Riley Exploration (REPX) CEO Bobby Riley report in this Form 4?

Bobby Riley reported surrendering shares to cover tax withholding, not an open-market sale. The disposition arose from vesting of restricted stock granted under the 2021 Long Term Incentive Plan, reflecting a routine compensation-related event rather than an active trading decision.

How many Riley Exploration (REPX) shares were surrendered for taxes?

A total of 11,411 common shares were surrendered to satisfy withholding tax obligations. The price used for this tax-withholding disposition was $36.45 per share, tied specifically to the vesting of restricted stock awarded to the CEO under the company’s long-term incentive plan.

Is the Riley Exploration (REPX) CEO’s Form 4 transaction an open-market sale?

No, the transaction is a tax-withholding disposition, not an open-market sale. Shares were automatically surrendered to cover withholding taxes on vested restricted stock, and the filing explicitly states it does not represent a discretionary trade by the reporting person.

How many Riley Exploration (REPX) shares does the CEO hold after this transaction?

After the tax-withholding disposition, Bobby Riley directly holds 325,520 common shares. This total includes both unrestricted and restricted shares, providing investors a snapshot of his ongoing equity stake in the company following the compensation-related share surrender.

How much restricted stock in Riley Exploration (REPX) remains subject to vesting?

The CEO’s position includes 146,998 shares of restricted common stock that remain subject to vesting and other restrictions. These shares are part of equity-based compensation and will generally become fully owned over time as vesting conditions are satisfied.

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

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Accepted by SEC EDGAR 04/03/2026 - 04:32 PM EDT

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^*

Riley Bobby

(Last)

(First)

(Middle)

C/O RILEY EXPLORATION PERMIAN, INC.

29 EAST 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
X	Officer (give title below)	Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	04/01/2026		F		11,411⁽¹⁾	D	$36.45	325,520⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.

2. This amount includes 146,998 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Bobby D. Riley	04/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR