STOCK TITAN

Diamondback (NASDAQ: FANG) officer to sell 7,500 shares from equity awards

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Diamondback Energy, Inc. (FANG) is the issuer of common stock that Daniel N. Wesson, identified as an officer, has filed a notice to sell under Rule 144. The notice covers a proposed sale of 7,500 shares of Diamondback Energy common stock through Charles Schwab & Co., Inc. on NASDAQ, with an approximate aggregate market value of $1,614,054 as of the filing. These shares relate to equity compensation in the form of RSU/PSU awards with tranches of 1,337, 2,267, and 3,896 shares tied to dates in 2024, 2025, and 2026.

Positive

  • None.

Negative

  • None.
Shares to be sold 7,500 shares of common stock Proposed Rule 144 sale by officer Daniel N. Wesson
Approximate aggregate market value $1,614,054 Value associated with 7,500 shares in the Rule 144 notice
Equity compensation tranche 1 1,337 shares RSU/PSU equity compensation tied to 03/01/2024
Equity compensation tranche 2 2,267 shares RSU/PSU equity compensation tied to 03/01/2025
Equity compensation tranche 3 3,896 shares RSU/PSU equity compensation tied to 03/01/2026
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.
RSU / PSU financial
"Common | 03/01/2024 | RSU / PSU | Diamondback Energy, Inc."
Equity Compensation financial
"03/01/2024 | Equity Compensation Common | 03/01/2025"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

FAQ

What is being disclosed about Diamondback Energy, Inc. (FANG) in this Form 144?

The filing discloses that officer Daniel N. Wesson has filed a notice under Rule 144 to sell 7,500 shares of Diamondback Energy, Inc. common stock through Charles Schwab & Co., Inc. on NASDAQ, with an approximate aggregate market value of $1,614,054.

How many Diamondback Energy (FANG) shares are covered by Daniel N. Wesson’s Form 144 notice?

The notice covers a proposed sale of 7,500 shares of Diamondback Energy, Inc. common stock. These shares are associated with equity compensation awards described as RSU/PSU grants tied to dates in 2024, 2025, and 2026.

What is the approximate market value of the Diamondback Energy (FANG) shares in this Form 144?

The Form 144 lists an approximate aggregate market value of $1,614,054 for the 7,500 shares of Diamondback Energy, Inc. common stock that are the subject of the proposed Rule 144 sale.

Through which broker and market will the Diamondback Energy (FANG) shares be sold?

The proposed Rule 144 sale is indicated to occur through Charles Schwab & Co., Inc., with the Diamondback Energy, Inc. common stock to be sold on NASDAQ, as stated in the securities information section.

What types of awards are linked to the Diamondback Energy (FANG) shares in this Form 144?

The shares are linked to equity compensation awards described as RSU / PSU related to Diamondback Energy, Inc., categorized as Equity Compensation with tranches of 1,337, 2,267, and 3,896 shares tied to dates in 2024, 2025, and 2026.

Who is the person filing to sell Diamondback Energy (FANG) shares under Rule 144?

The person is Daniel N. Wesson, identified as an officer. He signed the notice covering the proposed sale of 7,500 Diamondback Energy, Inc. common shares under Rule 144.

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