Form 4: Riley Exploration Permian Director Bryan H. Lawrence Sells Shares in Public Offering
SEC Form 4 Filing
Director Bryan H. Lawrence reports the sale of Riley Exploration Permian shares in a recent underwritten public offering.
Summary
- Bryan H. Lawrence, a director of Riley Exploration Permian, Inc. (REPX), reported the sale of common stock on April 8, 2024.
- The sales were part of an underwritten public offering at a price of $27.00 per share, less an underwriting discount of $1.485 per share, resulting in a net price of $25.515 per share.
- Lawrence sold 200,000 shares directly and 500,000 shares directly.
- Following the transactions, Lawrence continues to have direct and indirect beneficial ownership of Riley Exploration Permian shares.
- The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a 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
Sales of shares by company directors are a common occurrence and are closely watched by investors for signals about the company's prospects.
Stakeholder Impact
- The stock sale could potentially influence shareholder sentiment and the market price of REPX shares.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of stock sale transactions |
| 04/10/2024 | Date of signature on the Form 4 filing |
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