Bobby Riley - 01 Oct 2021 Form 4 Insider Report for Riley Exploration Permian, Inc. (REPX)

Signature
Bobby D. Riley
Issuer symbol
REPX
Transactions as of
01 Oct 2021
Transactions value $
-$99,954
Form type
4
Filing time
05 Oct 2021, 16:51:45 UTC
Previous filing
07 Jun 2021
Next filing
04 Feb 2022

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 Award $0 +38.3K +13.58% $0.00 320K 01 Oct 2021 Direct F1, F2
transaction REPX Common Stock, par value $0.001 per share Tax liability -$100K -4.26K -1.33% $23.48 316K 01 Oct 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are restricted stock acquired under Issuer's Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan on October 1, 2021. Subject to certain contingencies and provisions allowing for accelerated vesting in certain instances, the shares of restricted stock vest in equal amounts on October 1, 2022, October 1, 2023, and October 1, 2024.
F2 This amount includes 106,529 shares of restricted common stock subject to vesting and certain other restrictions.
F3 These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares of restricted stock originally issued to the reporting person as a substitute equity award pursuant to the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan which converted a previously-issued equity grant at the closing of the Company's merger on February 26, 2021 and does not represent a discretionary trade by the reporting person.