REPX grants time- and performance-based stock awards

Riley Corey Neil reported acquisition or exercise transactions in this Form 4 filing.

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Rhea-AI Filing Summary

Riley Corey Neil reported acquisition or exercise transactions in this Form 4 filing.

Riley Exploration Permian, Inc. executive Corey Neil Riley, the CIO & CCO, received two stock awards. He was granted 33,750 shares of time-based restricted common stock that vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029. He also received a performance-based restricted stock award covering up to 31,340 shares, representing 200% of the target award, which cliff vests on April 1, 2029 based on relative total shareholder return performance from January 1, 2026 through December 31, 2028.

Insider Trade Summary

Grant/Award: 65,090 shares

Grant/Award 2 txns

Insider Riley Corey Neil

Role CIO & CCO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share	31,340	$0.00	$0.00
Grant/Award	Common Stock, par value $0.001 per share	33,750	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $0.001 per share — 213,562 shares (Direct)

Footnotes (4)

F1. Represents shares of time-based restricted stock granted under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. Subject to certain forfeiture and accelerated vesting provisions, the shares vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029.
F2. This amount includes 100,041 shares of restricted common stock subject to vesting and certain other restrictions.
F3. Represents the maximum payout opportunity under a performance-based restricted stock award (the "Award"), equal to 200% of the target award, granted under Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. Subject to continued service and the achievement of specified performance criteria, the Award cliff vests on April 1, 2029 based on the Issuer's relative total shareholder return performance as compared to the Issuer's peer group during the performance period beginning January 1, 2026 and ending December 31, 2028. The number of shares earned may range from 0% to 200% of the target award based on achievement of the applicable performance metrics.
F4. This amount includes 133,791 shares of restricted common stock subject to vesting and certain other restrictions.

Key Figures

Time-based restricted stock grant: 33,750 shares Performance-based award maximum: 31,340 shares Time-based vesting dates: April 1, 2027/2028/2029 +3 more

6 metrics

Time-based restricted stock grant 33,750 shares Granted to CIO & CCO on May 15, 2026

Performance-based award maximum 31,340 shares Maximum payout equal to 200% of target award

Time-based vesting dates April 1, 2027/2028/2029 Three equal annual installments for time-based restricted stock

Performance award vesting date April 1, 2029 Cliff vesting date for performance-based restricted stock

Performance measurement period start January 1, 2026 Beginning of TSR performance period for performance award

Performance measurement period end December 31, 2028 End of TSR performance period for performance award

Key Terms

time-based restricted stock, performance-based restricted stock award, relative total shareholder return, cliff vests

4 terms

time-based restricted stock financial

"Represents shares of time-based restricted stock granted 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.

performance-based restricted stock award financial

"Represents the maximum payout opportunity under a performance-based restricted stock award (the "Award"), equal to 200% of the target award, granted under Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan."

relative total shareholder return financial

"based on the Issuer's relative total shareholder return performance as compared to the Issuer's peer group during the performance period"

Relative total shareholder return measures how much an investor’s gain from a company — including stock price changes and dividends — beats or lags a chosen benchmark or peer group over a set time. Think of it as a race: it shows whether the company outpaced rivals or the market, which helps investors and boards judge performance, compare returns fairly, and link results to pay or investment decisions.

cliff vests financial

"Subject to continued service and the achievement of specified performance criteria, the Award cliff vests on April 1, 2029"

FAQ

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

What stock awards did Corey Neil Riley receive from REPX in this Form 4?

Corey Neil Riley received two equity awards: 33,750 shares of time-based restricted common stock and a performance-based restricted stock award with a maximum opportunity of 31,340 shares, both granted under Riley Exploration Permian’s Second Amended and Restated 2021 Long Term Incentive Plan.

How do the time-based restricted stock awards for REPX’s CIO & CCO vest?

The 33,750 time-based restricted shares granted to REPX’s CIO & CCO vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029, subject to forfeiture and accelerated vesting provisions described in the company’s long-term incentive plan.

How is the performance-based restricted stock award for REPX’s CIO & CCO structured?

The performance-based restricted stock award has a maximum payout of 31,340 shares, equal to 200% of the target. It cliff vests on April 1, 2029, based on Riley Exploration Permian’s relative total shareholder return versus a peer group over the 2026–2028 performance period.

What performance period applies to REPX’s performance-based restricted stock award?

The award’s performance period runs from January 1, 2026, through December 31, 2028. REPX will measure relative total shareholder return against a defined peer group over this period to determine how many shares, from 0% to 200% of target, are ultimately earned.

Under which plan were these REPX restricted stock awards granted?

Both the time-based and performance-based restricted stock awards to REPX’s CIO & CCO were granted under Riley Exploration Permian, Inc.’s Second Amended and Restated 2021 Long Term Incentive Plan, which governs vesting schedules, forfeiture conditions, and performance criteria.

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

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Accepted by SEC EDGAR 05/19/2026 - 11:09 AM 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 Corey Neil

(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)

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

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)
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	05/15/2026		A		31,340⁽¹⁾	A	$0	179,812⁽²⁾	D
Common Stock, par value $0.001 per share	05/15/2026		A		33,750⁽³⁾	A	$0	213,562⁽⁴⁾	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. Represents shares of time-based restricted stock granted under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. Subject to certain forfeiture and accelerated vesting provisions, the shares vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029.

2. This amount includes 100,041 shares of restricted common stock subject to vesting and certain other restrictions.

3. Represents the maximum payout opportunity under a performance-based restricted stock award (the "Award"), equal to 200% of the target award, granted under Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. Subject to continued service and the achievement of specified performance criteria, the Award cliff vests on April 1, 2029 based on the Issuer's relative total shareholder return performance as compared to the Issuer's peer group during the performance period beginning January 1, 2026 and ending December 31, 2028. The number of shares earned may range from 0% to 200% of the target award based on achievement of the applicable performance metrics.

4. This amount includes 133,791 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Corey Riley	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)

Source: View Original Filing on SEC EDGAR