Saadati Bobby 4

What Happened

• Bobby Saadati, a director of Riley Exploration Permian, Inc. (REPX), was granted 1,878 restricted common shares on 2026-03-01 as an award under the company's 2021 Long Term Incentive Plan. The shares were issued at $0.00 (no cash paid) and are subject to vesting and other restrictions. This is an equity award (A = award/grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-01; Form filed: 2026-03-02.
• Transaction type: Award/Grant (code A); Price per share: $0.00; Total recorded consideration: $0.
• Shares granted: 1,878 restricted shares. Filing notes these 1,878 shares are subject to vesting and other restrictions.
• Vesting: Shares vest on June 1, 2026 (per footnote).
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Reported on 2026-03-02 for a 2026-03-01 grant; no late filing indicated in the document.

Context

• Restricted stock awards are common compensation for executives and directors; they do not involve an immediate cash outlay by the insider and usually vest over time, so they are not an immediate market buy signal. These shares will convert to unrestricted stock only if vesting conditions are met (here, vesting on June 1, 2026).