[SCHEDULE 13D/A] Viper Energy, Inc. SEC Filing
Rhea-AI Filing Summary
Diamondback Energy, Diamondback E&P and Endeavor filed Amendment No. 6 to their Schedule 13D for VNOM, reporting that the Sitio Acquisition closed on August 19, 2025. Under the Merger Agreement, each outstanding share of the Issuer's Class B common stock held by the Reporting Persons was cancelled and converted into an equal number of Class B shares of the successor public company (New Viper Class B Common Stock). All 155,058,093 shares held by the Reporting Persons were cancelled and exchanged, and the Reporting Persons state they no longer beneficially own any securities of the Issuer. This filing is presented as the final amendment and an exit filing reflecting that the Reporting Persons ceased to beneficially own more than 5% of the Issuer as of that date.
Positive
- Sitio Acquisition completed on August 19, 2025, effectuating the agreed merger consideration.
- All 155,058,093 Class B shares held by the Reporting Persons were exchanged per the Merger Agreement.
- Exit filing completed: Reporting Persons confirm they no longer beneficially own securities of the Issuer.
Negative
- Removal of a >5% holder from the Issuer's capitalization, reducing Diamondback-related influence.
- No continuing beneficial ownership by the Reporting Persons may change shareholder support dynamics for Issuer initiatives.
Insights
TL;DR: Reporting persons completed the merger exchange and exited ownership, removing a >5% holder from VNOM's cap table.
The amendment documents a completed corporate transaction where the Reporting Persons' entire Class B position (155,058,093 shares) was converted and cancelled in connection with the Sitio Acquisition on August 19, 2025. For investors, this filing is procedural: it confirms the transfer of economic/ownership interests to the successor company's capital structure and reduces Diamondback-related influence over the Issuer. No new purchases or dispositions by the Reporting Persons in the prior 60 days are reported, and the filing serves as a formal exit notice under Schedule 13D.
TL;DR: Governance influence from the reporting group has ended following the merger-driven conversion and cancellation of their Class B shares.
The Schedule 13D amendment confirms an ownership and voting-power shift resulting from the Sitio Acquisition. By canceling and converting all held Class B shares into New Viper Class B Common Stock and reporting zero beneficial ownership, the Reporting Persons relinquish any governance control or disclosure obligations tied to a >5% stake in the Issuer. This is a routine post-merger disclosure, but it materially alters the Issuer's shareholder base and potential voting dynamics.