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Diamondback holder may sell 114.9M shares

A 10% stockholder of Diamondback Energy has filed a Rule 144 notice covering 114,899,378 merger-consideration shares of FANG common stock.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Diamondback Energy, Inc. (FANG) is the issuer of common stock that a significant holder, SGF FANG Holdings, has notified under Rule 144 it may sell. The notice covers 114,899,378 shares of common stock, which were issued as consideration in Diamondback’s acquisition of Endeavor Parent, LLC on September 10, 2024.

The holder is identified as a 10% stockholder, and Morgan Stanley & Co. LLC is listed in connection with the common stock, which is traded on NASDAQ.

Positive

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Shares covered by Rule 144 notice 114,899,378 shares Securities To Be Sold section for Diamondback Energy common stock
Holder status 10% stockholder SGF FANG Holdings identified as a 10% stockholder
Acquisition date for issued shares September 10, 2024 Date shares were issued as consideration for the acquisition of Endeavor Parent, LLC
Trading market NASDAQ Listing market for Diamondback Energy common stock referenced in the notice
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
10% Stockholder financial
"In addition, information shall be given as to sales by all persons ... 10% Stockholder"
Securities To Be Sold financial
"144: Securities To Be Sold Common Stock, $0.01 par value | 09/10/2024"
Merger consideration (equity) financial
"| 114899378 | 09/10/2024 | Merger consideration (equity)"
Common Stock, $0.01 par value financial
"144: Securities Information Common Stock, $0.01 par value | Morgan Stanley"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for Diamondback Energy (FANG)?

The filing discloses that SGF FANG Holdings, a 10% stockholder of Diamondback Energy, has filed a Rule 144 notice covering the potential sale of 114,899,378 shares of Diamondback common stock.

How many Diamondback Energy (FANG) shares are covered by this Rule 144 notice?

The Rule 144 notice covers 114,899,378 shares of Diamondback Energy common stock. These shares are listed under the “Securities To Be Sold” section of the notice.

Who is selling shares of Diamondback Energy (FANG) under this Form 144?

The potential seller is SGF FANG Holdings, identified in the notice as a 10% stockholder of Diamondback Energy, Inc.

How did SGF FANG Holdings acquire the Diamondback Energy (FANG) shares?

The 114,899,378 shares were issued as consideration for the acquisition of Endeavor Parent, LLC, described in the notice as “Merger consideration (equity)” dated September 10, 2024.

On which market is Diamondback Energy (FANG) common stock listed in this filing?

The notice identifies Diamondback Energy’s common stock as traded on NASDAQ, in connection with the common stock described in the Rule 144 filing.

Which broker is associated with the Diamondback Energy (FANG) shares in this Form 144?

The filing lists Morgan Stanley & Co. LLC, located at 1585 Broadway, New York, NY, in connection with the common stock reported in the Rule 144 notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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