Diamondback Energy (FANG) director’s 33,333-share sale under 10b5-1 plan
Rhea-AI Filing Summary
Diamondback Energy, Inc. director Charles Alvin Meloy, through Wolfrock Energy, LLC, sold 33,333 shares of common stock on August 3, 2026 in multiple open-market transactions at weighted average prices between $196.34 and $199.495 per share under a Rule 10b5-1 trading plan adopted March 17, 2026. He continues to hold 3,257 shares directly.
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Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 33,333 shares
Net Sell
5 txns
Insider
Meloy Charles Alvin
Role
Director
Sold
33,333 shs ($6.61M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 3,986 | $197.0581 | $785K |
| Sale | Common Stock F1, F4, F3 | 7,562 | $197.9121 | $1.50M |
| Sale | Common Stock F1, F5, F3 | 19,055 | $198.739 | $3.79M |
| Sale | Common Stock F1, F6, F3 | 2,730 | $199.4439 | $544K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 818,197 shares (Indirect, Wolfrock Energy, LLC);
Common Stock — 3,257 shares (Direct)
Footnotes (6)
- F1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Meloy on March 17, 2026.
- F2. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $196.34 per share to $197.34 per share, inclusive. The reporting person undertakes to provide to Diamondback Energy, Inc., any security holder of Diamondback Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and in footnotes 4 through 6.
- F3. 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.
- F4. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $197.35 per share to $198.35 per share, inclusive.
- F5. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $198.36 per share to $199.36 per share, inclusive.
- F6. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $199.3825 per share to $199.495 per share, inclusive.
Key Figures
Shares sold: 33,333 shares
Block sale 1: 3,986 shares at $197.0581 per share
Block sale 2: 7,562 shares at $197.9121 per share
+3 more
6 metrics
Shares sold
33,333 shares
Aggregate common shares sold on August 3, 2026
Block sale 1
3,986 shares at $197.0581 per share
Indirect sale through Wolfrock Energy, LLC on August 3, 2026
Block sale 2
7,562 shares at $197.9121 per share
Indirect sale through Wolfrock Energy, LLC on August 3, 2026
Block sale 3
19,055 shares at $198.7390 per share
Indirect sale through Wolfrock Energy, LLC on August 3, 2026
Block sale 4
2,730 shares at $199.4439 per share
Indirect sale through Wolfrock Energy, LLC on August 3, 2026
Direct holdings
3,257 shares
Common shares held directly by Charles Alvin Meloy after reported transactions
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Wolfrock Energy, LLC, CS Ventures, Ltd., +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported in Column 4 is a weighted average sale price."
Wolfrock Energy, LLC financial
"These securities are held directly by Wolfrock Energy, LLC, a Texas limited liability company"
CS Ventures, Ltd. financial
"whose sole member is CS Ventures, Ltd. CS Ventures, Ltd. is controlled by its general partner"
Meloy Management, LLC financial
"controlled by its general partner, Meloy Management, LLC, which is controlled by the Reporting Person."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Diamondback Energy (FANG) report for Charles Alvin Meloy?
Charles Alvin Meloy, a director of Diamondback Energy, oversaw the sale of 33,333 common shares on August 3, 2026. The shares were sold indirectly through Wolfrock Energy, LLC in multiple open-market transactions at weighted average prices around $196–$199 per share.
Was the Charles Alvin Meloy sale of Diamondback Energy (FANG) stock under a Rule 10b5-1 plan?
Yes. The sales were made under a Rule 10b5-1 trading plan adopted by Charles Alvin Meloy on March 17, 2026. This pre-arranged plan governed the execution of the August 3, 2026 transactions according to predetermined instructions rather than discretionary timing.