Diamondback Energy (FANG) director sells 500 shares in market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diamondback Energy, Inc. director Mark Lawrence Plaumann reported an open-market sale of 500 shares of Common Stock at $196.50 per share. After this transaction, he directly holds 13,437 shares, indicating he retains a meaningful continuing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 500 shares ($98,250)
Net Sell
1 txn
Insider
Plaumann Mark Lawrence
Role
null
Sold
500 shs ($98K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $196.50 | $98K |
Holdings After Transaction:
Common Stock — 13,437 shares (Direct, null)
Footnotes (1)
Key Figures
Shares sold: 500 shares
Sale price: $196.50 per share
Shares held after sale: 13,437 shares
3 metrics
Shares sold
500 shares
Open-market sale of Common Stock
Sale price
$196.50 per share
Price for the 500-share open-market sale
Shares held after sale
13,437 shares
Direct ownership following the transaction
Key Terms
open-market sale, Common Stock, Form 4
3 terms
open-market sale financial
"The transaction is described as an open-market sale of 500 shares."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"The security involved in the transaction is 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
"The insider transaction was reported on a Form 4 filing."
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 insider transaction did Diamondback Energy (FANG) disclose in this Form 4?
Diamondback Energy reported that director Mark Lawrence Plaumann completed an open-market sale of 500 shares of Common Stock at $196.50 per share. The transaction reflects a reduction in his direct holdings but he continues to own a substantial number of shares.
Was the Diamondback Energy (FANG) insider transaction a buy or a sell?
The transaction was a sell. Director Mark Lawrence Plaumann executed an open-market sale of 500 shares of Diamondback Energy Common Stock at $196.50 per share, reducing his stake while maintaining a sizable remaining holding of 13,437 shares.