SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Gutman Jeffrey
(Last) (First) (Middle)
C/O RILEY EXPLORATION PERMIAN, INC.
29 E. RENO, SUITE 500
(Street)
OKLAHOMA CITY OK 73104
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Riley Exploration Permian, Inc. [ REPX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 per share 03/24/2025 A 18,186 A $0(1) 30,514(2) D
Common Stock, par value $0.001 per share 03/24/2025 A 15,588 A $0(3) 46,102(4) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These shares are restricted stock acquired under Issuer's Riley Exploration Permian, Inc. Amended and Restated 2021 Long Term Incentive Plan on March 24, 2025. Subject to certain contingencies and provisions allowing for accelerated vesting in certain instances, the shares of restricted stock vest in equal amounts on April 1, 2026, April 1, 2027, and April 1, 2028.
2. This amount includes 30,514 shares of restricted common stock subject to vesting and certain other restrictions.
3. Represents the maximum number of shares the reporting person is eligible to retain upon vesting and settlement of a performance based restricted stock award (the "Award") granted pursuant to the Issuer's Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan on March 24, 2025. Subject to certain contingencies and provisions allowing for accelerated vesting in certain instances, the Award is subject to a three-year cliff vesting schedule ending on April 1, 2028 based on the Issuer's achievement of target metrics for total shareholder return performance set by the Compensation Committee of the Issuer's Board of Directors relative to the Issuer's peer group during the performance period beginning January 1, 2025 and ending December 31, 2027. Payouts range from 0% to 200% of target based on attainment of the pre-established metrics.
4. This amount includes 46,102 shares of restricted common stock subject to vesting and certain other restrictions.
Remarks:
/s/ Jeffrey M. Gutman 03/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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