Bobby Riley - Nov 26, 2024 Form 4 Insider Report for Riley Exploration Permian, Inc. (REPX)

Signature
/s/ Bobby D. Riley
Stock symbol
REPX
Transactions as of
Nov 26, 2024
Transactions value $
-$480,473
Form type
4
Date filed
11/29/2024, 12:37 PM
Previous filing
Oct 1, 2024
Next filing
Dec 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REPX Common Stock, par value $0.001 per share Sale -$160K -4.54K -1.39% $35.17 322K Nov 26, 2024 Direct F1, F2, F3
transaction REPX Common Stock, par value $0.001 per share Sale -$3.46K -96 -0.03% $36.03 322K Nov 26, 2024 Direct F1, F3
transaction REPX Common Stock, par value $0.001 per share Sale -$317K -9.05K -2.81% $35.05 313K Nov 27, 2024 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person, dated August 21, 2024.
F2 Reflects the weighted average sale price. The highest price at which shares were sold was $35.74 and the lowest price at which shares were sold was $34.79. 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 Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
F3 This amount includes 85,315 shares of restricted common stock subject to vesting and certain other restrictions.
F4 Reflects the weighted average sale price. The highest price at which shares were sold was $35.59 and the lowest price at which shares were sold was $34.95. 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 Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.