Form 4: REPX Officer Sells Shares for Tax Obligations

Riley Exploration Permian's CIO & CCO, Corey Neil Riley, disposed of 4,420 shares of common stock to cover tax liabilities from restricted stock vesting.

Summary

• Corey Neil Riley, the Chief Information Officer and Chief Compliance Officer of Riley Exploration Permian, Inc. (REPX), reported a disposition of company common stock.
• On September 27, 2025, 4,420 shares of common stock were disposed of at a price of $28.96 per share.
• This transaction was explicitly stated as a non-discretionary surrender of shares to satisfy withholding tax obligations incurred upon the vesting of restricted stock, not a voluntary trade.
• Following this transaction, Mr. Riley beneficially owns 172,280 shares of common stock, which includes 99,415 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 6

Explanation: The transaction is a non-discretionary disposition of shares to cover tax liabilities from restricted stock vesting, a routine event for executive compensation, thus having a neutral to slightly positive sentiment as it's not a voluntary sale.

Positives

• The transaction was non-discretionary, related to tax withholding on restricted stock vesting, rather than a voluntary sale by the officer, indicating no change in management's confidence.

Negatives

• A portion of the officer's shares were sold, reducing their direct beneficial ownership by 4,420 shares.

Future Outlook

NA

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

NA

Stakeholder Impact

• Shareholders: Minor, routine disposition of shares by an officer for tax purposes, not indicative of a change in confidence or strategic shift.

Key Dates

Recommendation

The filing details a routine, non-discretionary disposition of shares by an executive to cover tax obligations from restricted stock vesting. This event does not provide new information that would alter the investment thesis for Riley Exploration Permian, Inc., warranting a 'hold' recommendation.

Keywords

Riley Exploration Permian, REPX, Form 4, insider transaction, stock disposition, tax withholding, restricted stock, executive compensation