Bluescape Energy Recapitalization & Restructuring Fund III LP 4

What Happened

• Bluescape Riley Exploration Holdings LLC, a reported 10% owner of Riley Exploration Permian, Inc. (REPX), sold a total of 231,234 REPX shares across three transactions between Feb 2 and Feb 4, 2026, for aggregate proceeds of approximately $6,571,913. The sales were reported as open-market or private sales (code S).
• Breakdown: Feb 2 — 8,806 shares at a weighted avg $28.07 (proceeds $247,144); Feb 3 — 73,528 shares at a weighted avg $28.18 (proceeds $2,071,813); Feb 4 — 148,900 shares at a weighted avg $28.56 (proceeds $4,252,956). These are disposals (sales), which are routine liquidity events rather than purchases that might signal bullish insider conviction.

Key Details

• Transaction dates and prices/ranges:
  • Feb 2, 2026: 8,806 shares; reported weighted avg $28.07; individual trade prices ranged $28.05–$28.17 (F1).
  • Feb 3, 2026: 73,528 shares; reported weighted avg $28.18; individual trade prices ranged $28.05–$28.355 (F2).
  • Feb 4, 2026: 148,900 shares; reported weighted avg $28.56; individual trade prices ranged $28.20–$28.85 (F3).
• Shares held after transaction: the filing identifies the securities as held directly by Bluescape Riley Holdings (F4). The exact post-sale share count is not provided in the summary data supplied here.
• Ownership chain: Bluescape Energy Recapitalization and Restructuring Fund III LP owns ~90.06% of Bluescape Riley Holdings; multiple Bluescape entities and Mr. C. John Wilder, Jr. are in the control chain (F5–F6).
• Beneficial ownership disclaimer: reporting persons (other than Bluescape Riley Holdings) disclaim beneficial ownership except for pecuniary interest (F7).
• Filing/timeliness: Form 4 was filed Feb 4, 2026 (period of report includes Feb 2); this appears to be a timely report of the Feb 2–4 transactions based on the dates shown. No 10b5-1 plan or tax-withholding notes were disclosed in the provided footnotes.

Context

• This is institutional selling by a 10% owner, not an individual exec purchase. Sales by large holders can reflect portfolio rebalancing or liquidity needs and are not direct indicators of company performance.
• For retail investors: purchases can be more informative as a bullish signal; routine or large institutional sales like these should be interpreted with caution and in context of other filings and company fundamentals.