Diamondback Energy, Inc. 4
4 · Viper Energy, Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Viper Energy (VNOM) 10% Owner Diamondback Energy Sells 510,071 Shares
What Happened Diamondback Energy, listed as a 10% owner of Viper Energy, converted derivative securities into 510,071 Class A shares and sold those 510,071 VNOM shares in an open-market transaction on March 19, 2026. The shares were sold at $45.69 per share for proceeds of $23,305,144. The filing records both the conversion of derivative securities and the subsequent sale of the resulting shares. This is a sale (liquidity event) rather than a purchase.
Key Details
- Transaction date: March 19, 2026; Filing date: March 23, 2026 (appears within the normal Form 4 filing window).
- Sale: 510,071 shares at $45.69 each; total proceeds reported $23,305,144.
- The filing shows conversion of derivative securities into common shares and disposal of those shares (derivative conversion entries and sale entry).
- Shares owned after the transaction: not specified in the excerpt provided.
- Footnotes: F1 notes Class B common stock (with associated operating company units) is redeemable for one share of Class A common stock under the VNOM Holding Company LLC agreement; F2 notes the Class B shares and operating units were issued in connection with the merger that closed on August 19, 2025.
Context This filing involves a 10% institutional owner (Diamondback Energy), not an individual executive; institutional sales often reflect portfolio or corporate treasury decisions rather than insider sentiment about operations. The filing documents a conversion of derivative holdings (redeemable Class B shares/units) into Class A common stock followed by an open-market sale — effectively a conversion plus disposition rather than an exercise-to-hold purchase.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-03-19+510,071→ 510,071 total - Sale
Class A Common Stock
2026-03-19$45.69/sh−510,071$23,305,144→ 510,071 total - Conversion
Class B Common Stock
[F1][F2]2026-03-19−510,071→ 64,463,550 total→ Class A Common Stock (510,071 underlying) - Conversion
Operating Company Units
[F1][F2]2026-03-19−510,071→ 64,463,550 total→ Class A Common Stock (510,071 underlying)
- 8,066,528(indirect: By LLC)
Class B Common Stock
[F1]→ Class A Common Stock (8,066,528 underlying) - 8,066,528(indirect: By LLC)
Operating Company Units
[F1]→ Class A Common Stock (8,066,528 underlying) - 69,626,640(indirect: By Endeavor Energy Resources, L.P.)
Class B Common Stock
[F1]→ Class A Common Stock (69,626,640 underlying) - 69,626,640(indirect: By Endeavor Energy Resources, L.P.)
Operating Company Units
[F1]→ Class A Common Stock (69,626,640 underlying)
Footnotes (2)
- [F1]Pursuant to the Amended and Restated Limited Liability Company Agreement of VNOM Holding Company LLC, each share Class B Common Stock, together with an equal number of Operating Company Units, is redeemable at the holder's discretion for one share of Class A Common Stock.
- [F2]The Class B Common Stock and Operating Company Units were issued in connection with the completion of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 2, 2025, by and among VNOM Sub, Inc. (f/k/a Viper Energy, Inc.) ("Former Viper"), Viper Energy, Inc. (f/k/a New Cobra Pubco, Inc.) ("New Viper") and the other parties thereto, on August 19, 2025.