4/A: Bluescape Reduces Riley Exploration Permian Stake

Bluescape Riley Exploration Holdings LLC, a 10% owner and director, reported selling 72,514 shares of Riley Exploration Permian common stock across three transactions in January 2026.

Summary

• Bluescape Riley Exploration Holdings LLC, a 10% owner and director of Riley Exploration Permian, Inc. (REPX), reported sales of common stock.
• On January 14, 2026, 22,285 shares were sold at a weighted average price of $28.6642 per share, with prices ranging from $28.55 to $29.01.
• On January 15, 2026, 129 shares were sold at a weighted average price of $28.0655 per share, with prices ranging from $28.05 to $28.07.
• On January 16, 2026, 50,100 shares were sold at a weighted average price of $28.1082 per share, with prices ranging from $28.05 to $28.52.
• Following these transactions, Bluescape Riley Exploration Holdings LLC directly holds 4,084,813 shares of common stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 3

Explanation: The sentiment is negative due to significant insider selling by a 10% owner and director, which often signals a lack of confidence or a strategic divestment, potentially putting downward pressure on the stock.

Positives

• NA

Negatives

• A significant 10% owner and director entity, Bluescape Riley Exploration Holdings LLC, reduced its stake in Riley Exploration Permian, Inc. by a total of 72,514 shares.
• The sales occurred over three consecutive days in January 2026, potentially signaling a lack of conviction or a strategic divestment by a major holder.

Risks

• The reduction in ownership by a significant insider (10% owner and director) could be perceived as a negative signal regarding future company performance or valuation.
• Potential for increased selling pressure if Bluescape Riley Exploration Holdings LLC continues to divest its remaining 4,084,813 shares.

Future Outlook

NA

Management Comments

• The reporting persons undertake to provide to Riley Exploration Permian, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.
• Each reporting person, with the exception of Bluescape Riley Holdings, states that neither the filing of this statement nor anything herein shall be deemed an admission that it is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these securities. Each reporting person, including Bluescape Riley Holdings, disclaims beneficial ownership of these securities, except to the extent of such reporting person's pecuniary interest in such securities.

Industry Context

This filing reports an insider transaction, which is specific to Riley Exploration Permian, Inc. and its major shareholder, Bluescape. It does not directly provide information on broader industry trends in the oil and gas sector, but significant insider selling can sometimes reflect a specific view on the company's prospects within its industry.

Related Party Transactions

• Bluescape Riley Exploration Holdings LLC, a 10% owner and director of Riley Exploration Permian, Inc., engaged in sales of common stock.
• The beneficial ownership structure details multiple Bluescape entities and C. John Wilder, Jr., who is the Executive Chairman of Bluescape Resources, highlighting the interconnectedness of the reporting persons.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to decreased investor confidence and downward pressure on the stock price.
• Management: The divestment by a significant shareholder and director could prompt questions regarding the company's strategic direction or valuation.

Next Steps

• NA

Key Dates

Recommendation

The significant selling by a 10% owner and director, Bluescape Riley Exploration Holdings LLC, suggests that a major insider with deep knowledge of the company's operations and prospects is reducing their exposure. This action, especially when executed over multiple days, often signals a lack of confidence in the company's future performance or valuation, making it a negative indicator for potential investors. A seasoned investor would likely view this as a reason to consider selling or avoiding the stock, anticipating potential downward pressure.

Keywords

Riley Exploration Permian, REPX, Bluescape, Insider Selling, Form 4/A, Beneficial Ownership, Stock Sale, Director Transaction, 10% Owner