Diamondback director reports 100K-share gifts
Diamondback Energy director Charles Alvin Meloy restructured family holdings through 100,000 gifted shares, ending with 28,257 shares held directly in a community property account.
Rhea-AI Filing Summary
Diamondback Energy, Inc. (FANG) director Charles Alvin Meloy reported a series of bona fide gift transfers of common stock on September 15–16, 2026. On September 15, 2026, an entity associated with him, Wolfrock Energy, LLC, gifted 12,500 shares each to the Katy Evans Meloy 2011 Trust and the Grady Allen Meloy 2011 Trust, increasing those trusts’ indirect holdings. On September 16, 2026, all Diamondback shares held by these two trusts were gifted into a community property account held by Mr. Meloy and his spouse, resulting in a directly owned position of 28,257 shares reported after that transfer. No Rule 10b5-1 trading plan is reported, and the transactions involve gifts rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F4, F3 | 12,500 | $0.00 | $0.00 |
| Gift | Common Stock F4, F3 | 12,500 | $0.00 | $0.00 |
| Gift | Common Stock F4 | 25,000 | $0.00 | $0.00 |
| Gift | Common Stock F1, F2 | 25,000 | $0.00 | $0.00 |
| Gift | Common Stock F1, F3 | 12,500 | $0.00 | $0.00 |
| Gift | Common Stock F1, F3 | 12,500 | $0.00 | $0.00 |
Footnotes (4)
- F1. On September 15, 2026, Wolfrock Energy, LLC, a Texas limited liability company whose sole member is CS Ventures, Ltd. CS Ventures, Ltd. is controlled by its general partner, Meloy Management, LLC, which is controlled by the Reporting Person, gifted 12,500 shares to the Katy Evans Meloy 2011 Trust and 12,500 shares to the Grady Allen Meloy 2011 Trust.
- F2. These securities are held directly by Wolfrock Energy, LLC, a Texas limited liability company whose sole member is CS Ventures, Ltd. CS Ventures, Ltd. is controlled by its general partner, Meloy Management, LLC, which is controlled by the Reporting Person.
- F3. Mr. Meloy is a trustee of each of the Katy Evans Meloy 2011 Trust and the Grady Allen Meloy 2011 Trust.
- F4. On September 16, 2026, all of the issuer's securities held by the Katy Evans Meloy 2011 Trust and the Grady Allen Meloy 2011 Trust were gifted to a community property account held by Mr. Meloy and his spouse.
Key Figures
Key Terms
bona fide gift financial
community property account financial
indirect ownership financial
reporting person regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FANG director Charles Alvin Meloy report on this Form 4?
What is Charles Alvin Meloy’s direct Diamondback Energy (FANG) holding after these gifts?
How were family trusts used in the FANG stock gifts by Charles Alvin Meloy?
Were the reported FANG insider transactions under a Rule 10b5-1 trading plan?
What role does Wolfrock Energy, LLC play in the FANG Form 4 transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.