Daniel N. Wesson - Dec 31, 2022 Form 5 Insider Report for Diamondback Energy, Inc. (FANG)

Signature
/s/ Teresa L. Dick as attorney-in-fact for Daniel N. Wesson
Stock symbol
FANG
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
5
Date filed
1/12/2023, 03:13 PM
Previous filing
Mar 3, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FANG Common Stock Award $0 +24.1K +71.64% $0.00 57.8K Aug 24, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Agreement and Plan of Merger dated May 15, 2022 by and among the Issuer, Rattler Midstream LP ("Rattler"), Rattler Midstream GP LLC, the general partner of Rattler, and Bacchus Merger Sub Company, a wholly owned subsidiary of the Issuer ("Merger Sub"), on August 24, 2022, Merger Sub merged with and into Rattler, with Rattler surviving as an indirect, wholly owned subsidiary of the Issuer (the "Merger"). At the effective time of the Merger, each outstanding Rattler common unit held by the Reporting Person was converted into the right to receive 0.113 shares of common stock, par value $0.01 per share ("Common Stock"), of the Issuer.
F2 Includes 12,915 restricted stock units, each representing a contingent right to receive one share of Common Stock of the Issuer, that are scheduled to vest in two remaining substantially equal installments beginning on May 28, 2023.