BX Royal Aggregator LP - Aug 19, 2025 Form 4 Insider Report for Sitio Royalties Corp. (STR)

Signature
BX Royal Aggregator LP, By: BCP VI/BEP Holdings Manager L.L.C., its general partner, By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory
Stock symbol
STR
Transactions as of
Aug 19, 2025
Transactions value $
$0
Form type
4
Date filed
8/21/2025, 04:17 PM
Previous filing
Dec 29, 2022

Reporting Owners (10)

Name Relationship Address Signature Signature date CIK
BX Royal Aggregator LP Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BX Royal Aggregator LP, By: BCP VI/BEP Holdings Manager L.L.C., its general partner, By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001936034
BCP VI/BEP Holdings Manager L.L.C. Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BCP VI/BEP Holdings Manager L.L.C., By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001935997
Blackstone Energy Management Associates L.L.C. Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK Blackstone Energy Management Associates L.L.C., By: Blackstone EMA L.L.C., its sole member, By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001713955
Blackstone Management Associates VI L.L.C. Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK Blackstone Management Associates VI L.L.C., By: BMA VI L.L.C., its sole member, By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001556089
Blackstone EMA L.L.C. Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK Blackstone EMA L.L.C., By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001713957
BMA VI L.L.C. Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BMA VI L.L.C., By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001556083
RRR AGGREGATOR LLC Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK RRR Aggregator LLC, By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001892226
BX Primexx Topco LLC Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BX Primexx Topco LLC, By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001886812
BCP VII/BEP II Holdings Manager L.L.C. Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK BCP VII/BEP II Holdings Manager L.L.C., By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001886209
Blackstone Energy Management Associates II L.L.C. Former 10% Owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK Blackstone Energy Management Associates II L.L.C., By: Blackstone EMA II L.L.C., its sole member, By: /s/ Robert Brooks, Name: Robert Brooks, Title: Authorized Signatory 2025-08-21 0001700376

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STR Class C Common Stock Other -8.64M -100% 0 Aug 19, 2025 See Footnotes F1, F3, F5, F8, F11, F12, F13
transaction STR Class C Common Stock Other -11.4M -100% 0 Aug 19, 2025 See Footnotes F2, F4, F5, F8, F11, F12, F13

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STR Opco Units Other -8.64M -100% 0 Aug 19, 2025 Class A common stock 8.64M See Footnotes F1, F3, F5, F6, F7, F8, F11, F12, F13
transaction STR Opco Units Other -11.4M -100% 0 Aug 19, 2025 Class A common stock 11.4M See Footnotes F2, F4, F5, F6, F7, F8, F11, F12, F13
transaction STR Consideration Allocation Rights Other -57.3K -100% 0 Aug 19, 2025 Class A common stock 57.3K See Footnotes F2, F4, F5, F9, F10, F11, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

BX Royal Aggregator LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects securities directly held by BX Royal Aggregator LP ("Royal Aggregator").
F2 Reflects securities directly held by RRR Aggregator LLC ("RRR Aggregator").
F3 BCP VI/BEP Holdings Manager L.L.C. is the general partner of Royal Aggregator. Blackstone Energy Management Associates L.L.C. and Blackstone Management Associates VI L.L.C. are the managing members of BCP VI/BEP Holdings Manager L.L.C. Blackstone EMA L.L.C. is the sole member of Blackstone Energy Management Associates L.L.C. BMA VI L.L.C. is the sole member of Blackstone Management Associates VI L.L.C.
F4 BX Primexx Topco LLC is the sole member of RRR Aggregator. BCP VII/BEP II Holdings Manager L.L.C. is the managing member of BX Primexx Topco LLC. Blackstone Energy Management Associates II L.L.C. and Blackstone Management Associates VII L.L.C. are the managing members of BCP VII/BEP II Holdings Manager L.L.C. Blackstone EMA II L.L.C. is the sole member of Blackstone Energy Management Associates II L.L.C. BMA VII L.L.C. is the sole member of Blackstone Management Associates VII L.L.C.
F5 Blackstone Holdings III L.P. is the managing member of each of BMA VI L.L.C., Blackstone EMA L.L.C., BMA VII L.L.C. and Blackstone EMA II L.L.C. Blackstone Holdings III GP L.P. is the general partner of Blackstone Holdings III L.P. Blackstone Holdings III GP Management L.L.C. is the general partner of Blackstone Holdings III GP L.P. Blackstone Inc. ("Blackstone") is the sole member of Blackstone Holdings III GP Management L.L.C. The sole holder of the Series II preferred stock of Blackstone is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
F6 The terms of the Second Amended and Restated Agreement of Limited Partnership of Sitio Royalties Operating Partnership, LP ("Opco") provide that, subject to certain restrictions contained therein, each holder of the common units ("Opco Units") in Opco (other than Sitio Royalties Corp. (the "Issuer")) generally has the right to cause Opco to redeem all or a portion of its Opco Units (the "Redemption Right") in exchange for shares of Class A Common Stock of the Issuer on a one-for-one basis or, at Opco's election, an equivalent amount of cash.
F7 (Continued from Footnote 6) The Issuer may, at its option, effect a direct purchase of such Opco Units for shares of Class A Common Stock of the Issuer in lieu of such a redemption by Opco. Upon the future redemption or sale of Opco Units pursuant to the Redemption Right, a corresponding number of shares of Class C Common Stock and Opco Units will be cancelled. The Opco Units and the right to exercise the Redemption Right have no expiration date.
F8 On August 19, 2025, pursuant to the Agreement and Plan of Merger, dated as of June 2, 2025 (the "merger agreement"), each share of Class C Common Stock of the Issuer issued and outstanding was automatically cancelled and ceased to exist and the Opco Units converted into the right to receive (i) 0.4855 units representing limited liability company interests in Viper Energy Partners LLC and (ii) 0.4855 shares of Class B common stock of Viper Energy, Inc.
F9 The Issuer previously granted restricted stock awards (the "Stock Award"), consisting of shares of the Issuer's Class C Common Stock and Opco Units, to its executive officers in an amount equal to 0.5% of the number of shares received by the former holders of the limited liability company interests of DPM HoldCo, LLC (the "DPM Members") (the "Restricted Shares"). Each restricted stock award will vest in equal installments on the first four anniversaries of the applicable date of grant, so long as the executive officer remains continuously employed by the Issuer through each vesting date. To the extent that a restricted stock award is forfeited, the shares of Class C Common Stock and Opco Units subject to such forfeited award will be returned to the Issuer.
F10 (Continued from Footnote 9) In connection with the foregoing, the Issuer and the DPM Members entered into that certain Assignment and Allocation Agreement, dated as of June 7, 2022 (the "Allocation Agreement"), pursuant to which the Issuer agreed that it would re-issue to the DPM Members, on a one-for-one basis, shares of Class C Common Stock and Opco Units to the extent Restricted Shares are forfeited by the original holders thereof, with RRR Aggregator entitled to receive its pro rata portion of any such shares re-issued. The Reporting Persons are no longer entitled to receive such securities as all of the Stock Awards vested in connection with the closing of the transactions contemplated by the merger agreement.
F11 Due to the limitations of the electronic filing system certain Reporting Persons are filing a separate Form 4.
F12 Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
F13 Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Remarks:

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