Form 4: Riley Exploration Permian CEO Sells Shares to Cover Tax Obligations

CEO Bobby Riley sold 2,681 shares of Riley Exploration Permian stock on April 1, 2025, to cover withholding tax liabilities related to vesting restricted stock.

Summary

• On April 1, 2025, Bobby Riley, CEO of Riley Exploration Permian, Inc., sold 2,681 shares of common stock at a price of $29.17 per share.
• The sale was executed to cover the withholding tax liability incurred upon the vesting of restricted stock originally issued to Riley under the company's 2021 Long Term Incentive Plan.
• Following the transaction, Riley directly owns 439,636 shares, which includes 222,097 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (covering tax obligations) and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it represents a small percentage of the CEO's holdings.

Key Dates

Keywords

Riley Exploration Permian, REPX, Bobby Riley, CEO, stock sale, Form 4, insider trading, restricted stock, tax liability, vesting