Diamondback sells 12.39M Viper Energy (NASDAQ: VNOM) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diamondback Energy, Inc., a 10% owner of Viper Energy, Inc., reported a series of transactions on March 4, 2026. It converted 12,391,304 shares of Class B Common Stock and an equal number of Operating Company Units into 12,391,304 shares of Class A Common Stock at a stated price of $0.00 per share in a derivative conversion.
On the same date, Diamondback then completed an open-market or private sale of 12,391,304 Class A shares at $45.69 per share. Following these transactions, Diamondback reported direct and indirect holdings, including Class B Common Stock and Operating Company Units held through Diamondback E&P LLC and Endeavor Energy Resources, L.P., which are redeemable together into Class A shares under Viper’s LLC agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,391,304 shares ($566,158,680)
Net Sell
8 txns
Insider
Diamondback Energy, Inc.
Role
10% Owner
Sold
12,391,304 shs ($566.16M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 12,391,304 | $0.00 | -- |
| Conversion | Operating Company Units | 12,391,304 | $0.00 | -- |
| Conversion | Class A Common Stock | 12,391,304 | $0.00 | -- |
| Sale | Class A Common Stock | 12,391,304 | $45.69 | $566.16M |
| 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 — 64,973,621 shares (Direct);
Operating Company Units — 64,973,621 shares (Direct);
Class A Common Stock — 12,391,304 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)
Footnotes (1)
- 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. 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 was the nature of Diamondback’s conversion in Viper Energy (VNOM) equity?
Diamondback executed a derivative conversion into Class A stock. It converted 12,391,304 shares of Class B Common Stock and an equal number of Operating Company Units into 12,391,304 Class A shares at a stated price of $0.00 per share under existing LLC agreement terms.
Which entities hold Viper Energy (VNOM) interests associated with Diamondback?
Indirect holdings are reported through affiliated entities. The filing lists Class B Common Stock and Operating Company Units held indirectly by Diamondback E&P LLC and Endeavor Energy Resources, L.P., in addition to Diamondback Energy, Inc.’s directly reported positions and recent conversion and sale activity.
Does the Viper Energy (VNOM) Form 4 reflect both acquisitions and sales by Diamondback?
Yes, it shows both acquisition via conversion and a sale. Diamondback acquired 12,391,304 Class A shares through derivative conversion of Class B shares and units, then sold 12,391,304 Class A shares in an open-market or private transaction on March 4, 2026.