Viper Energy issues 3.8M units to Diamondback
A 10% owner of Viper Energy, Inc. received additional Class B shares and Operating Company Units tied to a mineral and royalty interests purchase.
Rhea-AI Filing Summary
Viper Energy, Inc. (VNOM) reported that large shareholder Diamondback Energy, Inc., through affiliated entities, acquired additional equity-linked interests on September 1, 2026. Affiliates Diamondback E&P LLC and Endeavor Energy Resources, L.P. received an aggregate of 3,815,459 Operating Company Units and an equal number of Class B Common Stock shares in connection with a mineral and royalty interests acquisition. Each Class B share, together with a matching Operating Company Unit, is redeemable at the holder’s discretion for one share of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 7,630,918 shares
Grant/Award
6 txns
Insider
Diamondback Energy, Inc.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock F1, F2 | 2,808,459 | -- | -- |
| Grant/Award | Operating Company Units F1, F2 | 2,808,459 | -- | -- |
| Grant/Award | Class B Common Stock F1, F2 | 1,007,000 | -- | -- |
| Grant/Award | Operating Company Units F1, F2 | 1,007,000 | -- | -- |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Operating Company Units F1 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 10,874,987 contracts (Indirect, By Diamondback E&P LLC);
Operating Company Units — 10,874,987 contracts (Indirect, By Diamondback E&P LLC);
Class B Common Stock — 70,633,640 contracts (Indirect, By Endeavor Energy Resources, L.P.);
Operating Company Units — 70,633,640 contracts (Indirect, By Endeavor Energy Resources, L.P.);
Class B Common Stock — 64,463,550 contracts (Direct);
Operating Company Units — 64,463,550 contracts (Direct)
Footnotes (2)
- F1. Pursuant to the Amended and Restated Limited Liability Company Agreement of VNOM Holding Company LLC, each share Class B Common Stock, together with an equal number of Operating Company Units, is redeemable at the holder's discretion for one share of Class A Common Stock.
- F2. On August 3, 2026, the Issuer, as parent, and Viper Energy Partners LP, as buyer, entered into a definitive purchase agreement to acquire certain mineral and royalty interests from the Reporting Persons and related subsidiaries in exchange for an aggregate of 3,815,459 Operating Company Units and an equivalent number of shares of the Issuer's Class B Common Stock (the "Purchase Agreement"). The transactions contemplated by the Purchase Agreement closed on September 1, 2026.
Key Figures
Aggregate Operating Company Units issued: 3,815,459 units
Aggregate Class B Common Stock issued: 3,815,459 shares
Diamondback E&P LLC Class B / Unit position: 10,874,987 underlying Class A-equivalent shares
+3 more
6 metrics
Aggregate Operating Company Units issued
3,815,459 units
Consideration for mineral and royalty interests under the August 3, 2026 purchase agreement
Aggregate Class B Common Stock issued
3,815,459 shares
Issued alongside Operating Company Units as equity consideration at closing on September 1, 2026
Diamondback E&P LLC Class B / Unit position
10,874,987 underlying Class A-equivalent shares
Total underlying Class A Common Stock reported following the September 1, 2026 acquisition for that entity
Endeavor Energy Resources, L.P. Class B / Unit position
70,633,640 underlying Class A-equivalent shares
Total underlying Class A Common Stock reported following the September 1, 2026 acquisition for that entity
Direct Class B / Unit position
64,463,550 underlying Class A-equivalent shares
Directly held Class B Common Stock and Operating Company Units, each redeemable with units into Class A shares
Transaction closing date
September 1, 2026
Closing date of the purchase agreement transactions for mineral and royalty interests
Key Terms
Operating Company Units, Class B Common Stock, Amended and Restated Limited Liability Company Agreement, definitive purchase agreement, +1 more
5 terms
Operating Company Units financial
"aggregate of 3,815,459 Operating Company Units and an equivalent number"
Class B Common Stock financial
"equivalent number of shares of the Issuer's Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Amended and Restated Limited Liability Company Agreement regulatory
"Pursuant to the Amended and Restated Limited Liability Company Agreement of"
definitive purchase agreement financial
"entered into a definitive purchase agreement to acquire certain mineral"
A definitive purchase agreement is the final, legally binding contract that sets out the exact terms of a sale of a company, business unit, or significant assets, including the price, what is being sold, and the steps both sides must take to close the deal. For investors it matters because it replaces preliminary talks with concrete obligations and timelines, clarifying risks, expected cash flows, and whether the proposed transaction is likely to be completed — like signing the final deed after negotiating the offer.
mineral and royalty interests financial
"to acquire certain mineral and royalty interests from the Reporting Persons"
Ownership rights to underground resources (like oil, natural gas, coal, or minerals) or to a contractually defined share of the revenue produced from those resources. Think of it as owning the rights to the crop beneath the ground while someone else does the digging: the owner generally receives a portion of production income without running the drilling or mining operations. These interests matter to investors because they can provide steady, often tax-advantaged cash flow tied to commodity prices and production levels, while exposing holders to market and resource risk rather than operating risk.
FAQ
What insider transaction did VNOM disclose involving Diamondback Energy, Inc.?
VNOM disclosed that Diamondback Energy, Inc., a 10% owner, reported affiliated entities receiving an aggregate of 3,815,459 Operating Company Units and an equal number of Class B Common Stock shares on September 1, 2026 in exchange for mineral and royalty interests.
What is the relationship between VNOM Class B Common Stock and Class A Common Stock?
The company states that under the Amended and Restated Limited Liability Company Agreement of VNOM Holding Company LLC, each Class B share, together with an equal number of Operating Company Units, is redeemable at the holder’s discretion for one share of Class A Common Stock.
Who received the VNOM equity interests reported in this Form 4?
The equity interests are held indirectly by Diamondback E&P LLC and Endeavor Energy Resources, L.P., which are identified as holding the reported Class B Common Stock and Operating Company Units associated with Viper Energy, Inc.
Was the VNOM insider transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote indicating that the reported acquisitions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
