Diamondback Energy (FANG) chair Stice sells 100000 shares in open market
Rhea-AI Filing Summary
Diamondback Energy Executive Chairman Travis D. Stice reported open‑market sales of 100000 shares of common stock on March 6, 2026. The transactions included 63957 indirectly held shares through Stice Investments, Ltd. and 36043 shares held directly.
Sale prices were reported as weighted averages, with individual trades executed in ranges from $180.57 to $181.785 per share. Following these sales, Stice holds 305314 shares indirectly through Stice Investments, Ltd. and 123745 shares directly.
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Insights
Executive chairman executes 100000-share open-market sale but retains sizable stake.
Executive Chairman Travis D. Stice conducted open-market sales totaling 100000 shares of Diamondback Energy common stock on March 6, 2026. All transactions used code "S", indicating standard open-market or private sales rather than option exercises or tax-related moves.
The filing shows 63957 shares sold from an indirect position held through Stice Investments, Ltd. and 36043 shares from direct holdings. After the trades, Stice still holds 305314 shares indirectly and 123745 directly, suggesting a reduced but still substantial ownership position.
Footnotes indicate prices were reported as weighted averages, with trades across ranges from $180.57 to $181.785 per share. No derivative positions remain visible in this filing, and there is no reference to a Rule 10b5-1 trading plan, so the timing context beyond the disclosed date is not specified.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 62,808 | $181.1512 | $11.38M |
| Sale | Common Stock | 1,149 | $181.6716 | $209K |
| Sale | Common Stock | 35,070 | $181.0601 | $6.35M |
| Sale | Common Stock | 973 | $181.6758 | $177K |
Footnotes (1)
- The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $180.59 per share to $181.56 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 footnote 3. These securities are held by Stice Investments, Ltd., which is managed by Stice Management, LLC, its general partner. Mr. Stice and his spouse hold 100% of the membership interests in Stice Management, LLC, of which Mr. Stice is the manager. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $181.60 per share to $181.77 per share, inclusive. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $180.57 per share to $181.56 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 footnote 5. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $181.57 per share to $181.785 per share, inclusive.