Form 4: Bluescape Sells $3.8M REPX Shares in Planned Transactions

Bluescape Riley Exploration Holdings LLC and affiliated entities reported the sale of 135,116 shares of Riley Exploration Permian, Inc. common stock for approximately $3.8 million through pre-arranged Rule 10b5-1 plans.

Summary

• Bluescape Riley Exploration Holdings LLC, a 10% owner and related to a director, reported the sale of 135,116 shares of Riley Exploration Permian, Inc. common stock.
• The sales occurred over three days: 28,582 shares on September 23, 2025; 78,534 shares on September 24, 2025; and 28,000 shares on September 25, 2025.
• The shares were sold at weighted average prices of $28.1625, $28.2465, and $28.0866, respectively.
• Total proceeds from these sales amounted to approximately $3,809,124.36.
• Following these transactions, Bluescape Riley Exploration Holdings LLC beneficially owns 4,386,651 shares of Riley Exploration Permian, Inc. common stock.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Multiple reporting persons are associated with Bluescape, including Bluescape Energy Recapitalization & Restructuring Fund III LP, Bluescape Energy Partners III GP LLC, Bluescape Resources GP Holdings LLC, Bluescape Resources Co LLC, and C. John Wilder, Jr., all of whom disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 3

Explanation: The sentiment is moderately negative due to a significant insider sale by a 10% owner, even though it was conducted under a Rule 10b5-1 plan. Such sales can signal reduced confidence or a strategic exit, potentially impacting investor perception.

Positives

• The transactions were conducted under a Rule 10b5-1(c) plan, indicating pre-scheduled sales rather than reactive decisions, which can reduce concerns about immediate negative catalysts.

Negatives

• A significant reduction in ownership by a 10% owner and director-affiliated entity could be perceived as a negative signal regarding future prospects or valuation by the market.
• The sale of 135,116 shares represents a substantial divestment by a key insider group.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or operations.

Industry Context

This insider transaction report does not provide specific industry context, but it reflects a divestment by a significant shareholder in an energy exploration and production company.

Related Party Transactions

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

Stakeholder Impact

• Shareholders may interpret the significant insider sale as a negative signal, potentially leading to decreased investor confidence and downward pressure on the stock price.
• The company's management might face questions regarding the implications of a major shareholder reducing its stake.

Next Steps

• The reporting persons undertake to provide full information regarding the number of shares sold at each separate price within the reported ranges upon request from Riley Exploration Permian, Inc., any security holder, or the SEC staff.

Key Dates

Recommendation

A significant sale by a 10% owner and director-affiliated entity, even if pre-planned, often signals a lack of conviction or a strategic move away from the investment. This action could lead to negative market sentiment and potential downward pressure on the stock price, warranting a 'sell' recommendation for investors to consider reducing their exposure.

Keywords

Insider Sale, Form 4, Beneficial Ownership, REPX, Bluescape, Equity Transaction, Rule 10b5-1, Share Divestment, Energy Sector