Form 4: Corey Riley Executes Planned REPX Stock Sale

Riley Exploration Permian CIO Corey Riley sold 3,500 shares of common stock under a pre-established Rule 10b5-1 trading plan.

Summary

• Corey Riley, CIO & CCO of Riley Exploration Permian, Inc., sold a total of 3,500 shares of common stock on May 11, 2026.
• The transactions were executed in two batches: 1,178 shares at a weighted average price of $34.0203 and 2,322 shares at a weighted average price of $34.5504.
• The sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on July 12, 2025.
• Following these transactions, the reporting person retains beneficial ownership of 148,472 shares, which includes 68,701 shares of restricted common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted under a pre-existing, automated trading plan and does not reflect a change in company fundamentals.

Positives

• The sale was executed via a pre-planned Rule 10b5-1 trading plan, indicating the transaction was scheduled in advance rather than based on non-public information.

Negatives

• The transaction represents a reduction in the insider's direct equity stake in the company.

Risks

• Insider selling can sometimes be perceived negatively by the market as a signal of management's view on current valuation.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that routine insider selling under 10b5-1 plans is a standard practice for executives to manage personal liquidity and is generally viewed as neutral by institutional investors, provided the sales remain within the context of a pre-set plan.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for corporate executives to mitigate legal risks associated with insider trading.
• The volume of shares sold is relatively small compared to the total holdings of the reporting person, which is consistent with typical executive diversification strategies.

Stakeholder Impact

• Minimal impact expected on shareholders as the sale was pre-planned and represents a small portion of the insider's total holdings.

Next Steps

• Continued monitoring of future Form 4 filings for further insider activity.

Key Dates

Keywords

REPX, Riley Exploration Permian, Insider Trading, Form 4, Rule 10b5-1, Equity Sale