Form 4: REPX Officer Sells Shares for Tax Obligation

Corey Neil Riley, CIO & CCO of Riley Exploration Permian, Inc., disposed of 6,715 common shares at $27.11 each to cover tax liabilities from restricted stock vesting.

Summary

• Corey Neil Riley, the Chief Information Officer (CIO) and Chief Compliance Officer (CCO) of Riley Exploration Permian, Inc. (REPX), reported a transaction.
• On October 1, 2025, Mr. Riley disposed of 6,715 shares of common stock, par value $0.001 per share.
• The shares were valued at $27.11 per share for the transaction.
• This disposition was not a discretionary trade but was executed to satisfy withholding tax liability incurred upon the vesting of restricted stock.
• The restricted stock was originally issued under the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan.
• Following this transaction, Mr. Riley beneficially owns 165,565 shares, which includes 84,189 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale of shares to cover tax obligations upon restricted stock vesting, indicating no change in underlying sentiment towards the company.

Management Comments

• These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares of restricted stock originally issued to the reporting person pursuant to the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.

Industry Context

This type of transaction, where an executive disposes of shares to cover tax obligations upon the vesting of restricted stock, is a common and routine event in executive compensation across all industries, including the energy sector.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an insider to cover tax liabilities upon restricted stock vesting. It does not reflect a change in the insider's investment sentiment or the company's fundamentals, thus it provides no basis for a change in investment recommendation.

Keywords

Riley Exploration Permian, REPX, Form 4, Insider Transaction, Stock Sale, Restricted Stock, Tax Withholding, Corey Neil Riley