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

Philip A. Riley, CFO & EVP Strategy of Riley Exploration Permian, Inc., sold shares to cover withholding tax liabilities related to vesting restricted stock.

Summary

• This is an amended SEC Form 4/A filing by Philip A. Riley, CFO & EVP Strategy of Riley Exploration Permian, Inc.
• The amendment corrects an administrative error in the original Form 4 filed on April 3, 2025.
• On April 1, 2025, Riley surrendered 1,759 shares of common stock at a price of $29.17 to satisfy withholding tax liabilities incurred upon the vesting of restricted stock.
• This transaction was not a discretionary trade.
• Following the transaction, Riley beneficially owns 188,172 shares, including 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) and corrects an administrative error, indicating a neutral sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Riley Exploration Permian, REPX, SEC Form 4, Beneficial Ownership, Philip Riley, CFO, Stock Sale, Restricted Stock, Tax Withholding