Arriaga Brent Alexander 4
4 · Riley Exploration Permian, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Riley Exploration (REPX) Director Brent Arriaga Sells 2,500 Shares
What Happened
Brent Alexander Arriaga, a director of Riley Exploration Permian, Inc. (REPX), sold 2,500 shares in an open-market sale on April 8, 2026 for a weighted average price of $38.94, totaling approximately $97,350. He was also granted 7,143 shares of time-based restricted common stock on May 15, 2026 (no cash outlay). The restricted shares vest on June 1, 2027 subject to continued service and other restrictions. The sale is a disposition (often routine) and the grant is a compensation award, not a market purchase.
Key Details
- Sale: 2,500 shares on 2026-04-08 at a weighted average price of $38.94; total proceeds ~$97,350. (Footnote: highest sale price $38.97, lowest $38.64; multiple trades aggregated into one line.)
- Award: 7,143 shares granted on 2026-05-15 at $0.00 (time‑based restricted stock under the 2021 LTIP; vests 6/1/2027, subject to continued service).
- Filing: Form 4 was filed on 2026-05-19 reporting both transactions. Because Form 4 must generally be filed within two business days of the transaction, these entries were reported more than two business days after the April 8 sale and after the May 15 grant.
- Restricted holdings noted in the filing: the filing references restricted-share amounts of 7,524 and 14,667 shares included in reported beneficial ownership (see filing footnotes).
Context
- Sales by directors can be routine (e.g., diversification or liquidity) and do not by themselves indicate company outlook; purchases are typically more informative for bullish signals.
- The 7,143-share award is a standard time‑based restricted stock grant that vests over time, aligning compensation with continued service rather than an immediate market bet.
- If you need the precise per-trade breakdown for the April 8 sale (number of shares sold at each price), the filer offers to provide that detail upon SEC/issuer/shareholder request (per footnote).
Insider Transaction Report
Form 4
Arriaga Brent Alexander
Director
Transactions
- Sale
Common Stock, par value $0.001 per share
[F1][F2]2026-04-08$38.94/sh−2,500$97,350→ 16,633 total - Award
Common Stock, par value $0.001 per share
[F3][F4]2026-05-15+7,143→ 23,776 total
Footnotes (4)
- [F1]Reflects the weighted average sale price. The highest price at which shares were sold was $38.97 and the lowest price at which shares were sold was $38.64. Open market sale transactions were made on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- [F2]This amount includes 7,524 shares of restricted common stock subject to vesting and certain other restrictions.
- [F3]Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. The shares vest on June 1, 2027, subject to the reporting person's continued service through the date and certain other restrictions.
- [F4]This amount includes 14,667 shares of restricted common stock subject to vesting and certain other restrictions.
Signature
/s/Brent Arriaga|2026-05-19