Riley Exploration (REPX) entities swap 250,000 shares for Combo Resources units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Riley Exploration Permian director-affiliated entities reported an other transaction involving 250,000 shares of common stock. These shares were contributed in exchange for 870,000 Class B units of membership interest in Combo Resources, LLC, a Delaware limited liability company.
The filing shows these securities are held through investment entities, including Riley Exploration Group, LLC and various Yorktown Energy Partners funds. Lawrence Bryan H. is a manager in the general partners of these funds and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lawrence Bryan H.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.001 per share | 250,000 | $0.00 | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 1,715,219 shares (Indirect, See footnote);
Common Stock, par value $0.001 per share — 15,761 shares (Direct)
Footnotes (1)
- Contribution of 250,000 shares of common stock in exchange for 870,000 Class B Units of membership interest in Combo Resources, LLC, a Delaware limited liability company. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose. These securities are owned directly by Riley Exploration Group, LLC ("REG"). Yorktown Energy Partners IX, L.P. ("Yorktown IX") and Yorktown Energy Partners X, L.P. ("Yorktown X") are members who together control REG. The reporting person is a member and a manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX. The reporting person is a member and a manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X. These securities are owned directly by Yorktown X. The reporting person is a member and a manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X. These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and a manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.
FAQ
What did the Riley Exploration Permian (REPX) Form 4 report for Lawrence Bryan H.?
The Form 4 reports an “other” transaction where 250,000 shares of Riley Exploration Permian common stock were contributed in exchange for 870,000 Class B units of Combo Resources, LLC, reflecting a restructuring of holdings through affiliated investment entities.
What does the beneficial ownership disclaimer mean in the REPX Form 4?
The disclaimer states that Lawrence Bryan H. disclaims beneficial ownership of the securities except for his pecuniary interest. This means he does not concede full ownership for legal purposes, even though he is a manager in entities that directly own the shares.
What is Combo Resources, LLC in the Riley Exploration Permian (REPX) filing?
Combo Resources, LLC is described as a Delaware limited liability company. In the reported transaction, 250,000 Riley Exploration Permian shares were contributed in exchange for 870,000 Class B units of membership interest in this entity, reflecting a non-cash exchange of ownership interests.