Riley Exploration Permian, Inc. — Director's Dealing 2021

Mar 2, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Riley Exploration Permian, Inc. (REPX)
CIK: 0001001614
Period of Report: 2021-02-26

Reporting Person: Palmer Michael H (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.001 per share	3414	Direct
Restricted Common Stock, par value $0.001 per share	16978	Direct

Footnotes

F1: In connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, dated as of October 21, 2020, by and among Tengasco, Inc. ("TGC"), Antman Sub, LLC, a wholly-owned subsidiary of TGC ("Merger Sub"), and Riley Exploration - Permian, LLC ("REP"), as amended by Amendment No. 1 to Agreement and Plan of Merger, dated as of January 20, 2021, pursuant to which Merger Sub merged with and into REP with REP continuing as the surviving entity in the merger (the "Merger") and a wholly-owned subsidiary of TGC (which changed its name to "Riley Exploration Permian, Inc.", the "Issuer"), these shares were received in exchange for common units of REP.

F2: These shares of restricted stock were acquired under Issuer's Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan. Subject to certain contingencies and provisions allowing for accelerated vesting in certain instances, the shares of restricted stock vest as follows: 3,396 shares of the restricted stock vest on 10/1/2021; 3,395 shares of the restricted stock vest on 2/1/2022; 3,396 shares of the restricted stock vest on 10/1/2022; 3,395 shares of the restricted stock vest on 2/1/2023; and 3,396 shares of the restricted stock vest on 10/1/2023.

F3: The share amounts of the Issuer's common stock reflect the 1-for-12 reverse stock split of the Issuer's common stock effected on February 26, 2021 immediately prior to the completion of the Merger.