Diamondback Energy, Inc. - 04 Mar 2026 Form 4 Insider Report for Viper Energy, Inc. (VNOM)

Role: Director by Deputization, 10%+ Owner
Signature: /s/ Teresa L. Dick as Executive Vice President, Chief Accounting Officer and Assistant Secretary of Diamondback Energy, Inc.
Issuer symbol: VNOM
Transactions as of: 04 Mar 2026
Net transactions value: -$566,158,680
Form type: 4
Filing time: 05 Mar 2026, 18:47:49 UTC
Previous filing: 19 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Diamondback Energy, Inc.	Director by Deputization, 10%+ Owner	500 WEST TEXAS AVENUE,, SUITE 100, MIDLAND	/s/ Teresa L. Dick as Executive Vice President, Chief Accounting Officer and Assistant Secretary of Diamondback Energy, Inc.	05 Mar 2026	0001539838

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VNOM	Class A Common Stock	Conversion of derivative security		+12,391,304			12,391,304	04 Mar 2026	Direct	F1
transaction	VNOM	Class A Common Stock	Sale	$566,158,680	-12,391,304	-50%	$45.69	12,391,304	04 Mar 2026	Direct

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

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	VNOM	Class B Common Stock	Conversion of derivative security	-12,391,304	-16%	64,973,621	04 Mar 2026	Class A Common Stock	12,391,304	Direct	F1, F2
transaction	VNOM	Operating Company Units	Conversion of derivative security	-12,391,304	-16%	64,973,621	04 Mar 2026	Class A Common Stock	12,391,304	Direct	F1, F2
holding	VNOM	Class B Common Stock				8,066,528	04 Mar 2026	Class A Common Stock	8,066,528	By Diamondback E&P LLC	F1
holding	VNOM	Operating Company Units				8,066,528	04 Mar 2026	Class A Common Stock	8,066,528	By Diamondback E&P LLC	F1
holding	VNOM	Class B Common Stock				69,626,640	04 Mar 2026	Class A Common Stock	69,626,640	By Endeavor Energy Resources, L.P.	F1
holding	VNOM	Operating Company Units				69,626,640	04 Mar 2026	Class A Common Stock	69,626,640	By Endeavor Energy Resources, L.P.	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.