Form 4: Riley Exploration Permian CEO Bobby Riley Sells 10,000 Shares Under Pre-Arranged Plan

Riley Exploration Permian, Inc. CEO Bobby Riley reported the sale of 10,000 shares of common stock across two transactions in mid-June 2025, executed under a Rule 10b5-1 trading plan.

Summary

• Bobby Riley, CEO and Director of Riley Exploration Permian, Inc. (REPX), reported the sale of a total of 10,000 shares of the company's common stock.
• The transactions occurred on June 16, 2025, and June 17, 2025.
• On June 16, 2025, 4,500 shares were sold at a weighted average price of $28.046 per share, with individual sales ranging from $28.04 to $28.12.
• On June 17, 2025, an additional 5,500 shares were sold at a weighted average price of $28.651 per share.
• Following these sales, Mr. Riley beneficially owns 414,636 shares of common stock directly.
• This remaining beneficial ownership includes 222,097 shares of restricted common stock, which are subject to vesting and certain other restrictions.
• The reported sales 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).

Sentiment

Score: 6

Explanation: The sale of shares by a CEO could be viewed negatively, but the disclosure that it was executed under a Rule 10b5-1 plan mitigates concerns about opportunistic insider trading, suggesting a pre-planned liquidity event rather than a reaction to new negative information.

Positives

• The transactions were conducted under a Rule 10b5-1(c) trading plan, indicating these were pre-scheduled sales and not based on immediate, non-public information, which enhances transparency and compliance.

Negatives

• The sale of 10,000 shares by a key executive like the CEO reduces insider ownership, which can sometimes be perceived as a lack of confidence in the company's near-term prospects, although this is mitigated by the 10b5-1 plan.

Future Outlook

NA

Management Comments

• The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity specific to Riley Exploration Permian, Inc. and its CEO, Bobby Riley. It does not provide information on broader industry trends or competitive landscape.

Corporate Governance

Stakeholder Impact

• Shareholders: May observe the reduction in insider ownership, though the context of the Rule 10b5-1 plan helps explain the transaction as a pre-planned event rather than a reaction to new information.

Key Dates

Keywords

SEC Form 4, insider trading, stock sale, Bobby Riley, Riley Exploration Permian, REPX, CEO, Director, Rule 10b5-1, equity transactions, common stock