Sec Form 4 Filing - Riley Exploration Group, LLC @ Riley Exploration Permian, Inc. - 2021-10-13

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Riley Exploration Group, LLC 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 X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 29 EAST RENO AVE., SUITE 500, 3. Date of Earliest Transaction (MM/DD/YY) 10/13/2021 (Street) OKLAHOMA CITY, OK73104 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 10/13/2021 J( 1 ) 800,771 D 3,485,779 D ( 2 ) Common Stock, par value $0.001 per share 10/13/2021 J( 1 ) 100,482 A 100,482 D ( 3 ) Common Stock, par value $0.001 per share 10/13/2021 J( 1 ) 615,784 A 615,784 D ( 4 ) Common Stock, par value $0.001 per share 10/13/2021 J( 1 ) 84,505 A 84,505 D ( 5 ) Common Stock, par value $0.001 per share 390,860 D ( 6 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Dat e Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Riley Exploration Group, LLC 29 EAST RENO AVE., SUITE 500 OKLAHOMA CITY, OK73104 X Yorktown VIII Associates LLC 410 PARK AVENUE 20TH FLOOR NEW YORK, NY10022 X Yorktown Energy Partners IX, L.P. 410 PARK AVENUE 20TH FLOOR NEW YORK, NY10022 X Yorktown IX Associates LLC 410 PARK AVENUE 20TH FLOOR NEW YORK, NY10022 X Yorktown Energy Partners X, L.P. 410 PARK AVENUE 20TH FLOOR NEW YORK, NY10022 X Yorktown X Associates LLC 410 PARK AVENUE 20TH FLOOR NEW YORK, NY10022 X Signatures Riley Exploration Group, LLC /s/ Bryan H. Lawrence, Manager Yorktown VIII Associates LLC 10/15/2021 Signature of Reporting Person Date /s/ Bryan H. Lawrence, Managing Member Yorktown Energy Partners IX, L.P., By: Yorktown IX Company LP, its general partner, By: Yorktown IX Associates LLC, its general partner, 10/15/2021 Signature of Reporting Person Date /s/ Bryan H. Lawrence, Managing Member Yorktown IX Associates LLC 10/15/2021 Signature of Reporting Person Date /s/ Bryan H. Lawrence, Managing Member Yorktown Energy Partners X, L.P., By: Yorktown X Company LP, its general partner, By: Yorktown X Associates LLC, its general partner, 10/15/2021 Signature of Reporting Person Date /s/ Bryan H. Lawrence, Managing Member Yorktown X Associates LLC 10/15/2021 Signature of Reporting Person Date /s/ Bryan H. Lawrence, Managing Member 10/15/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On October 13, 2021, Riley Exploration Group, LLC ("REG") entered into Redemption Agreements with each of Yorktown Energy Partners IV, L.P. ("Yorktown IV"), Yorktown Energy Partners V, L.P. ("Yorktown V") and Yorktown Energy Partners VI, L.P. ("Yorktown VI"), pursuant to which REG redeemed all of its membership units held by each of Yorktown IV, Yorktown V and Yorktown VI in exchange for shares of common stock, par value $0.001 per share, of Riley Exploration Permian, Inc. (the "Common Stock"). Yorktown IV, Yorktown V and Yorktown VI each received approximately 0.704 shares of Common Stock for each REG membership unit that was redeemed. ( 2 )Shares owned directly by REG. Yorktown Energy Partners VII, L.P. ("Yorktown VII"), Yorktown Energy Partners VIII, L.P. ("Yorktown VIII"), Yorktown Energy Partners IX, L.P. ("Yorktown IX") and Yorktown Energy Partners X, L.P. ("Yorktown X") collectively own approximately 98.93% of REG. Yorktown VII Associates LLC is the sole general partner of Yorktown VII Company LP, the sole general partner of Yorktown VII. Yorktown VIII Associates LLC is the sole general partner of Yorktown VIII Company LP, the sole general partner of Yorktown VIII. Yorktown IX Associates LLC is the sole general partner of Yorktown IX Company LP, the sole general partner of Yorktown IX. Yorktown X Associates LLC is the sole general partner of Yorktown X Company LP, the sole general partner of Yorktown X. ( 3 )Shares owned directly by Yorktown IV. Yorktown IV Company LLC is the sole general partner of Yorktown IV. ( 4 )Shares owned directly by Yorktown V. Yorktown V Company LLC is the sole general partner of Yorktown V. ( 5 )Shares owned directly by Yorktown VI. Yorktown VI Associates LLC is the sole general partner of Yorktown VI Company LP, the sole general partner of Yorktown VI. ( 6 )Shares owned directly by Yorktown X. Yorktown X Associates LLC is the sole general partner of Yorktown X Company LP, the sole general partner of Yorktown X.

Remarks: This Form 4 is the second of two filings by Riley Exploration Group, LLC. Yorktown Energy Partners IV, L.P., Yorktown IV Company LLC, Yorktown Energy Partners V, L.P., Yorktown V Company LLC, Yorktown Energy Partners VI, L.P., Yorktown VI Associates LLC, Yorktown Energy Partners VII, L.P., Yorktown VII Associates LLC, and Yorktown Energy Partners VIII, L.P. (the "Other Filers") are also reporting persons. Since the SEC's filing system will not accept CIK and CCC codes from more than ten joint filers of a report, the Other Filers have filed a separate Form 4 that relates to the same securities reported herein. Thus, in total, there are 15 joint filers: the Other Filers and each person that is a signatory to this Form 4.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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