Riley Exploration (REPX) CAO surrenders 2,670 shares for tax withholding

Rhea-AI Filing Summary

Riley Exploration Permian, Inc. executive Jeffrey Gutman reported a routine share disposition tied to taxes, not an open-market trade. On April 1, he had 2,670 shares of common stock withheld at $36.45 per share to cover tax obligations from vesting restricted stock.

After this withholding, he directly holds 41,907 shares of common stock, including 35,931 shares of restricted stock that remain subject to vesting and other restrictions. The filing notes this was not a discretionary trade by the reporting person.

Insights

Equity compensation & insider-trading analyst

Routine tax withholding on vested stock; no discretionary trading signal.

CAO & EVP Commercial Risk Jeffrey Gutman had 2,670 shares surrendered at $36.45 to satisfy withholding tax from vesting restricted stock. This is a standard mechanism when equity awards vest and does not reflect an open-market sale decision.

The filing highlights that this is not a discretionary trade, and Gutman still holds 41,907 shares, including 35,931 restricted shares subject to vesting. As a result, this event is best viewed as administrative, with limited informational value for assessing his view of the stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gutman Jeffrey

Role CAO & EVP Commercial Risk

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $0.001 per share	2,670	$36.45	$97K

Holdings After Transaction: Common Stock, par value $0.001 per share — 41,907 shares (Direct)

Footnotes (1)

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. This amount includes 35,931 shares of restricted common stock subject to vesting and certain other restrictions.

Key Figures

Shares surrendered for taxes: 2,670 shares Withholding price: $36.45 per share Total shares after transaction: 41,907 shares +1 more

4 metrics

Shares surrendered for taxes 2,670 shares Withholding tax on vested restricted stock at $36.45 per share

Withholding price $36.45 per share Value used to surrender 2,670 shares for tax withholding

Total shares after transaction 41,907 shares Direct holdings following tax-withholding disposition

Restricted shares outstanding 35,931 shares Restricted common stock still subject to vesting and other restrictions

Key Terms

withholding tax liability, restricted stock, Long Term Incentive Plan

3 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Gutman Jeffrey

(Last) (First) (Middle)

C/O RILEY EXPLORATION PERMIAN, INC.

29 E. 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)
	CAO & EVP Commercial Risk

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	04/01/2026		F		2,670(1)	D	$36.45	41,907(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 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 35,931 shares of restricted common stock subject to vesting and certain other restrictions.

Remarks:

	/s/ Jeffrey M. Gutman	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)

FAQ

What insider transaction did REPX executive Jeffrey Gutman report?

Jeffrey Gutman reported a tax-related share disposition where 2,670 shares of Riley Exploration Permian common stock were surrendered at $36.45 per share. The shares were used to cover withholding taxes owed on newly vested restricted stock awards.

Was Jeffrey Gutman’s REPX stock transaction an open-market sale?

No, the transaction was not an open-market sale. The 2,670 shares were surrendered solely to satisfy withholding tax liability upon the vesting of restricted stock, according to the company’s long term incentive plan, and was not a discretionary trade.

How many Riley Exploration (REPX) shares does Jeffrey Gutman hold after this filing?

Following the reported transaction, Jeffrey Gutman directly holds 41,907 shares of Riley Exploration Permian common stock. This total includes 35,931 shares of restricted stock that are still subject to vesting schedules and other plan-related restrictions.

Why were 2,670 REPX shares surrendered by Jeffrey Gutman?

The 2,670 shares were surrendered to cover the withholding tax liability triggered when restricted stock vested under Riley Exploration Permian’s 2021 Long Term Incentive Plan. This method avoids paying the tax in cash and is a common equity-compensation practice.

What role does the 2021 Long Term Incentive Plan play in this REPX Form 4?

The 2021 Long Term Incentive Plan governs the restricted stock granted to Jeffrey Gutman. When those shares vested, the plan allowed surrendering 2,670 shares at $36.45 per share to satisfy tax withholding, while other restricted shares remain subject to vesting.