Large owner Greth Lyndal sold $2,313,665,629 worth of shares (13,212,830 units at $175.11) (SEC Form 4)
$FANG
Oil & Gas Production
Energy
| FORM 4 |
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 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Diamondback Energy, Inc. [ FANG ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/23/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 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 | 09/23/2024 | S | 1,348,510 | D | $175.1075 | 10,378,196 | I | See Footnotes(1)(5) | ||
| Common Stock | 09/23/2024 | S | 134,851 | D | $175.1075 | 1,037,819 | I | See Footnotes(2)(5) | ||
| Common Stock | 09/23/2024 | S | 7,578,332 | D | $175.1075 | 58,323,346 | I | See Footnotes(3)(5) | ||
| Common Stock | 09/23/2024 | S | 4,151,137 | D | $175.1075 | 31,947,366 | I | See Footnotes(4)(5) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (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: 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 | ||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. By ACS Capital Holdings, LP. Lyndal Stephens Greth is the sole trustee of the Autry Stephens Management Trust dated March 20, 2018, as amended, and the sole manager of ACS Capital Management, LLC. ACS Capital Management, LLC is the general partner, and the Autry Stephens Management Trust is the sole limited partner of ACS Capital Holdings, LP. Lyndal Stephens Greth has voting and dispositive power over the shares held directly by ACS Capital Holdings, LP. |
| 2. By Endeavor Manager, LLC. Lyndal Stephens Greth is the sole trustee of the Autry Stephens Management Trust dated March 20, 2018, as amended, and the sole manager of ACS Capital Management, LLC. ACS Capital Management, LLC is the general partner, and the Autry Stephens Management Trust is the sole limited partner of ACS Capital Holdings, LP. ACS Capital Holdings, LP is the sole member of Endeavor Manager, LLC. Lyndal Stephens Greth has voting and dispositive power over the shares held directly by Endeavor Manager, LLC. |
| 3. By SFT 1 Holdings, LLC. Lyndal Stephens Greth is the sole Investment Direction Adviser who may direct investment decisions of the Stephens Family Trust, a directed trust, a co-trustee of the Stephens Family Trust, and the sole member and manager of SFT Management, LLC. The Stephens Family Trust is the sole member of SFT 1 Holdings, LLC. SFT Management, LLC is the sole manager of SFT 1 Holdings, LLC. Lyndal Stephens Greth has voting and dispositive power over the shares held directly by SFT 1 Holdings, LLC. |
| 4. By SFT 2 Holdings, LLC. Lyndal Stephens Greth is the sole Investment Direction Adviser who may direct investment decisions of the Stephens Family Trust #2, a directed trust, a co-trustee of the Stephens Family Trust #2, and the sole member and manager of SFT Management, LLC. The Stephens Family Trust #2 is the sole member of SFT 2 Holdings, LLC. SFT Management, LLC is the sole manager of SFT 2 Holdings, LLC. Lyndal Stephens Greth has voting and dispositive power over the shares held directly by SFT 2 Holdings, LLC. |
| 5. Lyndal Stephens Greth may be deemed to beneficially own the shares of Company Common Stock beneficially owned by each of the Reporting Persons but disclaims beneficial ownership except to the extent of her pecuniary interest therein. |
| /s/ Lyndal Stephens Greth Attorney-in-fact | 09/23/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||