Form 4: Riley Exploration Permian COO Sells Shares for Tax Withholding

Riley Exploration Permian's Chief Operating Officer, John Suter, reported a disposition of common stock to cover tax liabilities upon restricted stock vesting.

Summary

• John Patrick Suter, Chief Operating Officer of Riley Exploration Permian, Inc., reported a transaction on April 1, 2026.
• This transaction involved the disposition of 3,206 shares of common stock.
• The shares were surrendered to satisfy tax withholding liabilities incurred upon the vesting of restricted stock.
• This action does not represent a discretionary trade by Mr. Suter.
• Following this transaction, Mr. Suter beneficially owns 70,758 shares of common stock.
• This total includes 59,524 shares of restricted common stock that are still subject to vesting and other restrictions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the transaction is a non-discretionary event for tax withholding purposes and does not indicate a change in the executive's confidence in the company.

Positives

• The disposition of shares was for tax withholding purposes, indicating a standard procedure related to executive compensation rather than a sale driven by negative outlook.
• Mr. Suter continues to hold a significant number of shares (70,758), including a substantial portion of restricted stock (59,524), demonstrating continued commitment to the company.

Negatives

• A disposition of shares, even for tax purposes, reduces the reporting person's direct holdings.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it pertains to a specific insider transaction for tax purposes.

Management Comments

• The shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares of restricted stock originally issued to the reporting person pursuant to the Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine for executives and directors and are often related to the exercise of stock options, vesting of restricted stock, or covering tax liabilities associated with equity compensation. This filing appears to be a standard event for a Chief Operating Officer.

Stakeholder Impact

• Shareholders: No direct impact on share price or company operations is expected from this routine tax-related transaction.
• Employees: This transaction is specific to the reporting person's equity compensation and does not directly impact other employees.
• Management: Reflects standard executive compensation practices and tax management.

Key Dates

Keywords

Form 4, SEC Filing, Riley Exploration Permian, REPX, Insider Transaction, Stock Vesting, Tax Withholding, Chief Operating Officer, John Suter