[Form 4] Riley Exploration Permian, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bobby D. Riley, who serves as CEO and a director of Riley Exploration Permian, Inc. (REPX), reported the disposition of 6,951 shares of common stock on 09/27/2025 at a price of $28.96 per share. The filing states these shares were surrendered to satisfy the withholding tax liability arising when restricted stock vested and were not a discretionary trade. Following the reported transaction, the reporting person beneficially owns 392,685 shares, which includes 200,444 restricted shares still subject to vesting and other restrictions.

Positive

• Transaction disclosed as non-discretionary: shares surrendered solely to satisfy withholding tax from vesting, improving transparency.
• Significant retained ownership: reporting person still beneficially owns 392,685 shares, including 200,444 restricted shares, indicating continued alignment with shareholders.

Negative

• Reduction in vested shares: 6,951 shares were surrendered, modestly decreasing the reporting person's directly held shares.

Insights

Financial Analyst

TL;DR: Insider sold a small block to cover tax on vested restricted shares; overall ownership remains substantial.

The reported disposition of 6,951 shares appears to be a tax-withholding action tied to compensation vesting rather than an open-market, discretionary sale. At $28.96 per share, the transaction generated proceeds used to satisfy tax withholding. The reporting person continues to hold 392,685 shares, including 200,444 restricted shares, indicating sustained equity exposure aligned with management incentives.

Corporate Governance Expert

TL;DR: This Form 4 documents routine withholding on vested awards, consistent with standard executive compensation practice.

The filing explicitly notes the shares were surrendered to satisfy tax withholding related to restricted stock vesting and not a discretionary trade. That transparency aligns with good disclosure practices under Section 16. Continued significant beneficial ownership—partly restricted—suggests ongoing alignment with shareholders, while the surrender reduces outstanding vested shares by a modest amount.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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 OK 73104

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/27/2025		F		6,951(1)	D	$28.96	392,685(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. 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 Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.

2. This amount includes 200,444 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Bobby D. Riley	09/29/2025
	** 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.

FAQ

What did Bobby D. Riley report on Form 4 for REPX?

The Form 4 reports the disposition of 6,951 REPX shares on 09/27/2025 at $28.96 per share to satisfy withholding tax from vested restricted stock.

Was the sale by the REPX reporting person a discretionary trade?

No. The filing states the shares were surrendered to satisfy withholding tax on vesting and did not represent a discretionary trade.

How many REPX shares does the reporting person beneficially own after the transaction?

After the transaction the reporting person beneficially owns 392,685 shares, which includes 200,444 restricted shares subject to vesting and other restrictions.

Why were the 6,951 REPX shares disposed of?

The shares were surrendered to satisfy the withholding tax liability incurred when restricted stock vested under the company's 2021 Long Term Incentive Plan.

What is the reporting person's role at Riley Exploration Permian (REPX)?

The reporting person, Bobby D. Riley, is identified as both CEO and a director of Riley Exploration Permian, Inc.