Bryan H. Lawrence - Jul 28, 2021 Form 4 Insider Report for Riley Exploration Permian, Inc. (REPX)

Role: Director
Signature: /s/ Bryan H. Lawrence
Stock symbol: REPX
Transactions as of: Jul 28, 2021
Transactions value $: -$5,755,202
Form type: 4
Date filed: 7/30/2021, 02:01 PM
Previous filing: Nov 12, 2021
Next filing: Oct 15, 2021

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	Other	-$16M	-391K	-8.36%	$40.89	4.29M	Jul 28, 2021	See footnote.	F1, F2, F3
transaction	REPX	Common Stock, par value $0.001 per share	Conversion of derivative security	$16M	+391K	+9.12%	$40.89	4.68M	Jul 28, 2021	See footnote.	F1, F2, F3
holding	REPX	Common Stock, par value $0.001 per share						1.78M	Jul 28, 2021	See footnote.	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	REPX	Exchangeable Promissory Note	Conversion of derivative security	-$5.76M				0	Jul 28, 2021	Common Stock	391K	$40.89	See footnote.	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Riley Exploration Group, LLC ("REG") and Yorktown Energy Partners X, L.P. ("Yorktown X") are parties to a Second Amended and Restated Exchangeable Promissory Note (the "Note"), dated as of July 22, 2021, whereby REG promises to pay to Yorktown X a principal sum plus interest. Interest accrues at a rate of fifteen percent (15.00%) per annum. There is no expiration or maturity of the Note, and Yorktown X can demand payment with 30 days written notice. REG can prepay the Note at any time. Pursuant to the terms of the Note, the Note is exchangeable for Common Stock of the Issuer. On July 28, 2021, Yorktown X elected to exchange the Note. See footnote 2 for the nature of the reporting person's beneficial ownership.
F2	Includes 390,860 shares owned directly by Yorktown X and 4,286,550 shares owned directly by REG following the exchange of the Note. Yorktown Energy Partners IV, L.P. ("Yorktown IV") is a member of REG. The reporting person is a member and a manager of Yorktown IV Company LLC, the general partner of Yorktown IV. Yorktown Energy Partners V, L.P. ("Yorktown V") is a member of REG. The reporting person is a member and a manager of Yorktown V Company LLC, the general partner of Yorktown V. Yorktown Energy Partners VI, L.P. ("Yorktown VI") is a member of REG. The reporting person is a member and a manager of Yorktown VI Associates LLC, the general partner of Yorktown VI Company LP, the general partner of Yorktown VI. Yorktown Energy Partners VII, L.P. ("Yorktown VII") is a member of REG. The reporting person is a member and a manager of Yorktown VII Associates LLC, the general partner of Yorktown VII Company LP, the general partner of Yorktown VII.
F3	(continuation of footnote 2) Yorktown Energy Partners VIII, L.P. ("Yorktown VIII") is a member of REG. The reporting person is a member and a manager of Yorktown VIII Associates LLC, the general partner of Yorktown VIII Company LP, the general partner of Yorktown VIII. Yorktown Energy Partners IX, L.P. ("Yorktown IX") is a member of REG. The reporting person is a member and a manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX. Yorktown X is a member of REG. The reporting person is a member and a manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.
F4	These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and a manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.