Laurie Argo Disposes of VNOM Shares; RSUs Remain Pending Vesting
Rhea-AI Filing Summary
Laurie H. Argo, a director of VNOM Sub, Inc. (VNOM), reported a sale of 10,591 shares of the issuer's Class A common stock on 08/19/2025, leaving zero shares beneficially owned following the transaction. The filing notes the reporting person holds 4,173 restricted stock units granted under the long term incentive plan; each unit represents a contingent right to one share and will vest on the earlier of the one-year anniversary of grant (May 20, 2025) and the issuer's 2026 annual meeting. The Form 4 also references the June 2, 2025 merger agreement under which Viper's Class A shares will be converted one-for-one into New Viper's Class A common stock at the Viper Pubco Merger effective time.
Positive
- None.
Negative
- None.
Insights
Director sold all reported Class A shares; retained unvested RSUs remain.
The reported disposal of 10,591 Class A shares on 08/19/2025 reduced the reporting person's direct beneficial ownership to zero while leaving 4,173 restricted stock units outstanding that may convert to shares upon vesting. The Form 4 is a transaction disclosure and does not include price information for the sale. The filing also cites the Sitio Merger Agreement and the planned one-for-one conversion of Viper Class A shares into New Viper Class A shares at the merger effective time; that conversion is described but no additional economic terms or cash consideration are disclosed in this Form 4.
Insider reported a complete direct disposition of Class A shares while retaining contingent equity via RSUs.
This Form 4 shows a director-level reporting person making a reported disposal that results in no direct holdings of Class A common stock post-transaction, while still holding 4,173 restricted stock units granted under the company's LTIP with defined vesting conditions. The filing was signed by an attorney-in-fact and identifies the transaction date and the relationship of the filer to the issuer as a director. The document does not disclose the rationale, sale price, or counterparties; it is a standard Section 16 disclosure of a change in beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock | 10,591 | $0.00 | -- |
Footnotes (1)
- These securities include 4,173 restricted stock units, each representing a contingent right to receive one share of Class A common stock, par value $0.000001 per share, of Viper (as defined below). These restricted stock units were granted to the reporting person under the issuer's long term incentive plan and will vest on the earlier of the one-year anniversary of the date of grant, which was May 20, 2025, and the date of the 2026 annual meeting of stockholders of the issuer. Pursuant to the Agreement and Plan of Merger (the "Sitio Merger Agreement"), dated June 2, 2025, by and among VNOM Sub, Inc. (f/k/a Viper Energy, Inc.) ("Viper"), Sitio Royalties Corp., Sitio Royalties Operating Partnership, LP, a subsidiary of Sitio, Viper Energy, Inc. (f/k/a New Cobra Pubco Inc.), a wholly owned subsidiary of Viper ("New Viper"), Cobra Merger Sub, Inc., a wholly owned subsidiary of New Viper ("Viper Merger Sub") and Scorpion Merger Sub, Inc., a wholly owned subsidiary of New Viper, upon close of the Sitio Merger Agreement Viper Merger Sub will merge with and into Viper, with Viper continuing as the surviving corporation and a wholly owned subsidiary of New Viper (the "Viper Pubco Merger"). At the effective time of the Viper Pubco Merger, each share of Viper's Class A Common Stock then issued and outstanding will be cancelled and automatically converted into one share of New Viper's Class A common stock.
