Diamondback Energy (FANG) grants director Lance Robertson 982 RSUs

Rhea-AI Filing Summary

Robertson Lance W reported acquisition or exercise transactions in this Form 4 filing.

Diamondback Energy, Inc. director Lance W. Robertson received a grant of 982 restricted stock units, each representing one share of common stock. The award was granted as an annual non-employee director grant under the company’s equity incentive plan and carries no cash purchase price. These units vest on the earlier of the one-year anniversary of the grant date and the date of Diamondback’s 2027 annual meeting of stockholders. Following this award, Robertson directly holds 9,999 shares of Diamondback Energy common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Robertson Lance W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	982	$0.00	--

Holdings After Transaction: Common Stock — 9,999 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 982 units Grant price per share: $0.00 per share Shares held after transaction: 9,999 shares +1 more

4 metrics

RSU grant size 982 units Annual non-employee director grant on the reported date

Grant price per share $0.00 per share Restricted stock unit award with no cash purchase price

Shares held after transaction 9,999 shares Direct common stock holdings following the RSU grant

Vesting trigger Earlier of one-year from grant or 2027 meeting RSUs vest by the earlier of those two dates

Key Terms

restricted stock units, equity incentive plan, annual meeting of stockholders

3 terms

restricted stock units financial

"These securities are restricted stock units, each representing a contingent right to receive one share of common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

equity incentive plan financial

"granted to Mr. Robertson as an annual non-employee director grant under the issuer's equity incentive plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

annual meeting of stockholders financial

"will vest on the earlier of the one-year anniversary of the date of grant and the date of the 2027 annual meeting of stockholders"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Robertson Lance W

(Last) (First) (Middle)

500 WEST TEXAS AVENUE

SUITE 100

(Street)

MIDLAND TEXAS 79701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Diamondback Energy, Inc. [ FANG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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	05/20/2026		A		982(1)	A	$0	9,999	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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

Explanation of Responses:

1. These securities are restricted stock units, each representing a contingent right to receive one share of common stock, par value $0.01 per share, of the issuer. These restricted stock units were granted to Mr. Robertson as an annual non-employee director grant under the issuer's equity incentive plan and will vest on the earlier of the one-year anniversary of the date of grant and the date of the 2027 annual meeting of stockholders of the issuer.

Remarks:

	/s/ Matt Zmigrosky, as attorney-in-fact for Lance W. Robertson	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Diamondback Energy (FANG) director Lance W. Robertson receive in this Form 4 filing?

Lance W. Robertson received 982 restricted stock units as an annual non-employee director grant. Each unit represents one share of Diamondback Energy common stock under the company’s equity incentive plan.

Is Lance W. Robertson buying or being granted shares of Diamondback Energy (FANG)?

Robertson is being granted shares, not buying them on the market. The Form 4 shows an award of 982 restricted stock units at no purchase price as director compensation.

When do Lance W. Robertson’s 982 Diamondback Energy (FANG) RSUs vest?

The 982 restricted stock units vest on the earlier of the one-year anniversary of the grant date and the date of Diamondback Energy’s 2027 annual meeting of stockholders, according to the filing footnote.

How many Diamondback Energy (FANG) shares does Lance W. Robertson hold after this grant?

After the reported grant, Lance W. Robertson directly holds 9,999 shares of Diamondback Energy common stock. This figure reflects his position immediately following the 982-unit restricted stock award.

What is a restricted stock unit in the context of Diamondback Energy (FANG)?

A restricted stock unit is a contingent right to receive a share of common stock if vesting conditions are met. In this filing, each RSU equals one Diamondback Energy share once it vests.