Form 4: REPX CEO Sells Shares Under Pre-Arranged 10b5-1 Plan

Riley Exploration Permian CEO Bobby Riley sold 12,500 shares of common stock for $25.0475 per share under a pre-arranged trading plan.

Summary

• Bobby Riley, CEO and Director of Riley Exploration Permian, Inc. (REPX), sold 12,500 shares of common stock.
• The transaction occurred on November 10, 2025, at a weighted average price of $25.0475 per share.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Riley on June 29, 2025.
• Following the transaction, Mr. Riley beneficially owns 369,431 shares of common stock, which includes 182,353 shares of restricted common stock subject to vesting and other restrictions.
• The highest price at which shares were sold was $25.24 and the lowest price was $24.595, with all transactions occurring within a one-dollar price range on the same day.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling, but the execution under a pre-arranged 10b5-1 plan mitigates the negative signal, suggesting a planned diversification or liquidity event rather than a reaction to adverse company-specific news.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on immediate, non-public information, which can mitigate negative perceptions of insider selling.

Negatives

• The CEO reduced their direct ownership stake in the company by 12,500 shares.

Stakeholder Impact

• Shareholders may view the CEO's reduction in direct ownership with caution, although the 10b5-1 plan provides context that the sale was pre-planned.

Key Dates

Recommendation

A single insider sale, particularly one executed under a Rule 10b5-1 plan, is generally not a strong enough signal to warrant a change in investment recommendation. While it reduces the CEO's direct stake, the pre-arranged nature suggests it's for personal financial planning rather than a reflection of new negative company developments. Investors should consider this transaction in the broader context of the company's financial performance and strategic outlook.

Keywords

REPX, Riley Exploration Permian, Bobby Riley, Insider Trading, Form 4, Stock Sale, CEO, 10b5-1 Plan