Form 4: Riley Exploration Permian CIO & CCO Sells Shares

Corey Neil Riley, CIO & CCO of Riley Exploration Permian, Inc., sold 2,500 shares of common stock on June 14, 2024.

Summary

• Corey Neil Riley, the Chief Investment Officer and Chief Compliance Officer of Riley Exploration Permian, Inc. (REPX), sold 2,500 shares of common stock on June 14, 2024.
• The sale was executed at a weighted average price of $26.612 per share.
• Following the transaction, Riley directly owns 146,837 shares, including 99,558 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates