Form 4: Bluescape Reduces Riley Exploration Permian Stake

Bluescape Riley Exploration Holdings LLC, a 10% owner and director, sold 1,798 shares of Riley Exploration Permian Inc. common stock for approximately $28.03 per share.

Summary

• Bluescape Riley Exploration Holdings LLC, a 10% owner and director of Riley Exploration Permian, Inc. (REPX), disposed of 1,798 shares of common stock.
• The transaction occurred on September 29, 2025, at a weighted average price of $28.0299 per share.
• Shares were sold in multiple transactions within a price range of $28.00 to $28.11.
• Following this transaction, Bluescape Riley Exploration Holdings LLC beneficially owns 4,384,853 shares.
• The sale was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Multiple Bluescape entities and C. John Wilder, Jr. are identified as reporting persons due to their indirect beneficial ownership and control relationships.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale is generally perceived negatively, the small volume relative to total holdings and the execution under a pre-arranged 10b5-1 plan suggest it is a routine transaction rather than a significant change in confidence.

Negatives

• A 10% owner and director, Bluescape Riley Exploration Holdings LLC, reduced its stake in Riley Exploration Permian, Inc. by selling 1,798 shares.

Future Outlook

No specific future outlook or guidance was provided in this filing.

Management Comments

• The price reported is a weighted average, with shares sold in multiple transactions ranging from $28.00 to $28.11.
• Reporting persons undertake to provide full information regarding the number of shares sold at each separate price within the range upon request.
• Each reporting person, except Bluescape Riley Holdings, states that the filing does not constitute an admission of beneficial ownership for Section 16 purposes.
• Each reporting person, including Bluescape Riley Holdings, disclaims beneficial ownership of these securities, except to the extent of their pecuniary interest.

Industry Context

This filing is a routine insider transaction report and does not contain information related to broader industry trends or competitors.

Related Party Transactions

• Bluescape Riley Exploration Holdings LLC, a 10% owner and director, sold shares of Riley Exploration Permian, Inc. common stock.

Stakeholder Impact

• Shareholders may note a minor reduction in insider ownership, though the small volume and pre-planned nature suggest minimal impact on company strategy or valuation.

Key Dates

Recommendation

This Form 4 filing details a minor, pre-planned sale of shares by a 10% owner and director. The transaction volume is insignificant relative to the total holdings and the company's market capitalization. It does not provide new fundamental information about Riley Exploration Permian, Inc. that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals and market conditions.

Keywords

REPX, Riley Exploration Permian, Bluescape, Insider Sale, Form 4, 10% Owner, Director, Stock Transaction, 10b5-1 Plan