Diamondback Energy (FANG) CEO reports bona fide gift of 2,674 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diamondback Energy, Inc. Chief Executive Officer Matthew Kaes Van't Hof reported a bona fide gift of 2,674 shares of common stock. The shares were transferred for no cash consideration, and he now directly holds 130,940 shares. This is a non-market, charitable-type disposition rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,674 shares gifted
Mixed
1 txn
Insider
Van't Hof Matthew Kaes
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,674 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 130,940 shares (Direct, null)
Footnotes (1)
Key Figures
Shares gifted: 2,674 shares
Shares after transaction: 130,940 shares
Reported gift price: $0.0000 per share
3 metrics
Shares gifted
2,674 shares
Bona fide gift of common stock
Shares after transaction
130,940 shares
Direct holdings after gift
Reported gift price
$0.0000 per share
No cash consideration for gifted shares
Key Terms
bona fide gift, Common Stock, Form 4
3 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Diamondback Energy (FANG) CEO Matthew Van't Hof report in this Form 4?
He reported a bona fide gift of 2,674 shares of Diamondback Energy common stock. This means the shares were transferred without payment and represents a non-market, charitable-type disposition rather than a traditional stock sale.
Was the Diamondback Energy (FANG) CEO’s transaction an open-market sale or purchase?
The transaction was not an open-market sale or purchase. It was reported with code G as a bona fide gift, meaning the CEO disposed of 2,674 shares by giving them away without receiving payment.
Did Diamondback Energy (FANG) receive any proceeds from the CEO’s reported transaction?
No proceeds went to Diamondback Energy from this transaction. The filing describes a bona fide gift of 2,674 shares by the CEO, which is a transfer between holders rather than a sale by the company itself.