Riley Exploration Group, LLC Decreases Holdings in Riley Exploration Permian, Inc. via In-Kind Distribution

On April 7, 2026, Riley Exploration Group, LLC (REXG) executed a pro rata in-kind distribution of 1,000,000 shares of Riley Exploration Permian, Inc. (REPX) common stock to its investors. This transaction, disclosed in Amendment No. 6 to the Schedule 13D, resulted in REXG's direct ownership decreasing to 715,219 shares, representing approximately 3.32% of the outstanding common stock. Of the distributed shares, 489,868 were transferred to Yorktown Energy Partners IX, L.P. and 505,419 to Yorktown Energy Partners X, L.P., with the remaining 4,713 shares going to other investors. Following the distribution, Yorktown IX beneficially owns 1,205,087 shares (5.59%) and Yorktown X beneficially owns 1,611,498 shares (7.47%), which includes their direct holdings and their deemed beneficial ownership of REXG’s remaining position. Yorktown entities maintain control over REXG through their ability to elect a majority of its Board of Managers. The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.