Viper Energy (NASDAQ: VNOM) holder converts units, sells 510K shares
Rhea-AI Filing Summary
Diamondback Energy, Inc., a major holder of Viper Energy, Inc., converted 510,071 shares of Class B Common Stock and an equal number of Operating Company Units into 510,071 shares of Class A Common Stock at a conversion price of $0.00 per share. The filing also reports an open-market sale of 510,071 Class A shares at $45.69 per share. Following these transactions, the report shows 510,071 Class A shares held directly, while footnote disclosure explains that each Class B share plus one Operating Company Unit can be redeemed for one Class A share. The filing further lists large indirect derivative positions equivalent to 8,066,528 and 69,626,640 underlying Class A shares held through Diamondback E&P LLC and Endeavor Energy Resources, L.P.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Diamondback Energy, Inc.
Role
10% Owner
Sold
510,071 shs ($23.31M)
Approx. gross sale proceeds
$23.31M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 510,071 | $0.00 | $0.00 |
| Conversion | Operating Company Units | 510,071 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 510,071 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 510,071 | $45.69 | $23.31M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Operating Company Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Operating Company Units | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 64,463,550 shares (Direct);
Operating Company Units — 64,463,550 shares (Direct);
Class A Common Stock — 510,071 shares (Direct);
Class B Common Stock — 8,066,528 shares (Indirect, By Diamondback E&P LLC);
Operating Company Units — 8,066,528 shares (Indirect, By Diamondback E&P LLC);
Class B Common Stock — 69,626,640 shares (Indirect, By Endeavor Energy Resources, L.P.);
Operating Company Units — 69,626,640 shares (Indirect, By Endeavor Energy Resources, L.P.)
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. The Class B Common Stock and Operating Company Units were issued in connection with the completion of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 2, 2025, by and among VNOM Sub, Inc. (f/k/a Viper Energy, Inc.) ("Former Viper"), Viper Energy, Inc. (f/k/a New Cobra Pubco, Inc.) ("New Viper") and the other parties thereto, on August 19, 2025.
FAQ
What insider transaction did Diamondback Energy report for Viper Energy (VNOM)?
Diamondback Energy reported converting 510,071 Class B shares and an equal number of Operating Company Units into 510,071 Class A shares, then reporting an open-market sale of 510,071 Class A shares at $45.69 per share, all dated March 19, 2026.
What is the relationship between Viper Energy Class B stock, Operating Company Units, and Class A shares?
Footnotes explain that each share of 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, under the Amended and Restated Limited Liability Company Agreement of VNOM Holding Company LLC.
What Viper Energy holdings does Diamondback Energy report after these transactions?
After the reported transactions, the filing lists 510,071 Viper Energy Class A shares held directly. It also shows large indirect derivative positions equivalent to 8,066,528 and 69,626,640 underlying Class A shares held through Diamondback E&P LLC and Endeavor Energy Resources, L.P., respectively.
Does Diamondback Energy still have significant indirect exposure to Viper Energy (VNOM)?
Yes. The derivative holdings section shows indirect interests in securities convertible into 8,066,528 and 69,626,640 underlying Viper Energy Class A shares through Diamondback E&P LLC and Endeavor Energy Resources, L.P., indicating substantial remaining economic exposure beyond the directly held Class A shares.
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