Form 4: Riley Exploration Permian CIO & CCO Sells Shares Under 10b5-1 Plan

Corey Neil Riley, CIO & CCO of Riley Exploration Permian, Inc., sold shares of common stock on March 10, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Corey Neil Riley, the CIO & CCO of Riley Exploration Permian, Inc. (REPX), sold shares of the company's common stock on March 10, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 13, 2024.
• A total of 3,500 shares were sold in two separate transactions.
• The first transaction involved the sale of 2,542 shares at a weighted average price of $27.13, with prices ranging from $26.66 to $27.65.
• The second transaction involved the sale of 958 shares at a weighted average price of $27.89, with prices ranging from $27.70 to $28.27.
• Following these transactions, Riley directly owns 125,974 shares of common stock, which includes 60,189 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider trading activity. It doesn't inherently convey positive or negative sentiment, as it simply discloses transactions.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates