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

Philip A. Riley, CFO & EVP Strategy of Riley Exploration Permian, Inc., sold 1,759 shares of common stock on April 1, 2025, to cover withholding tax liabilities.

Summary

• On April 1, 2025, Philip A. Riley, the CFO & EVP Strategy of Riley Exploration Permian, Inc., sold 1,759 shares of common stock at a price of $29.17 per share.
• The sale was executed to satisfy the withholding tax liability incurred upon the vesting of restricted stock.
• Following the transaction, Riley directly owns 188,172 shares of Riley Exploration Permian, Inc., which includes 124,611 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction appears to be routine, covering tax obligations related to stock vesting.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but this transaction is likely viewed as routine.

Key Dates

Keywords

Riley Exploration Permian, REPX, Philip Riley, CFO, stock sale, Form 4, insider trading, restricted stock, tax liability, vesting