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

Riley Exploration Permian's Chief Operating Officer, John Suter, reported a transaction involving the surrender of 2,229 shares to cover tax liabilities upon restricted stock vesting.

Summary

• John Patrick Suter, Chief Operating Officer of Riley Exploration Permian, Inc., reported a transaction on July 1, 2026.
• The transaction involved the surrender of 2,229 shares of common stock.
• These shares were used to satisfy withholding tax liabilities incurred from the vesting of restricted stock.
• The restricted stock was originally issued under the Second Amended and Restated 2021 Riley Exploration Permian, Inc. Long Term Incentive Plan.
• This transaction is not considered a discretionary trade by the reporting person.
• Following this transaction, Mr. Suter beneficially owns 134,198 shares of common stock.
• This total includes 119,968 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 routine tax-related event and not a discretionary sale of stock.

Positives

• The transaction was a non-discretionary event to cover tax liabilities, indicating no adverse view on the stock by management.
• The reporting person continues to hold a significant number of shares (134,198) after the transaction, with a substantial portion still subject to vesting.

Negatives

• A portion of the reporting person's holdings were used to cover tax obligations, which reduces their immediate direct ownership.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it solely reports a change in beneficial ownership due to a tax-related stock transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The surrender of shares for tax withholding upon vesting is a common practice and typically does not signal a negative outlook on the company's performance, but rather a routine event tied to compensation plans.

Stakeholder Impact

• Shareholders: No direct negative impact, as the transaction is a standard tax-related event and not a sale of stock driven by company performance concerns. The reporting person retains a significant stake.

Key Dates

Keywords

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