Saadati Bobby 4

What Happened
Bobby Saadati, a director of Riley Exploration Permian, Inc. (REPX), received a grant of 7,143 shares of restricted common stock on May 15, 2026. The shares were reported as acquired at $0.00 (an equity award/compensation grant) and vest on June 1, 2027, subject to continued service and other restrictions.

Key Details

• Transaction date: 2026-05-15 (Form 4 filed 2026-05-19). Transaction type: A = Award/Grant. Price reported: $0.00 per share.
• Shares granted: 7,143 restricted shares; vesting date: June 1, 2027, subject to continued service and other restrictions (see footnote).
• Footnote: The filing states this grant is under Riley Exploration Permian’s Second Amended and Restated 2021 Long Term Incentive Plan. It also notes "This amount includes 9,021 shares of restricted common stock subject to vesting and certain other restrictions."
• Post-transaction holdings: the filing’s footnote references 9,021 restricted shares included in holdings; the Form 4 excerpt provided does not list a total "shares owned following transaction" figure.

Context
This was an equity compensation award (not a market purchase or sale). Such grants are routine for executives and directors as long-term incentives and do not by themselves signal a buy/sell decision by the insider. The shares are time-based restricted stock and will only convert to unrestricted shares if vesting conditions (including continued service through June 1, 2027) are met.