Form 4: Riley Exploration Permian CEO Sells 15,000 Shares Under 10b5-1 Trading Plan

Riley Exploration Permian CEO, Bobby Riley, sold 15,000 shares of common stock at an average price of $27.9188 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Bobby Riley, CEO of Riley Exploration Permian, Inc., sold 15,000 shares of common stock on May 12, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 21, 2024.
• The average selling price was $27.9188 per share.
• The price range for the sales was between $27.5400 and $28.2350.
• Following the transaction, Riley directly owns 424,636 shares, including 222,097 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company's future.

Industry Context

Insider sales are common and often pre-planned, but investors may interpret them as a signal, depending on the size and context.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment.

Key Dates

Keywords

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