Travis D. Stice - Dec 31, 2023 Form 4 Insider Report for Diamondback Energy, Inc. (FANG)

Signature
/s/ Teresa L. Dick, as attorney-in-fact for Travis D. Stice
Stock symbol
FANG
Transactions as of
Dec 31, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 05:17 PM
Previous filing
Sep 20, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FANG Common Stock Gift $0 -57.8K -11.47% $0.00 446K Dec 31, 2023 By Stice Investments, Ltd. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an estimated number of shares of the issuer's common stock held by Stice Investments, Ltd., which are subject to the gift by Mr. Stice to the Stice 2023 Family Trust, of which Mr. Stice's spouse is the sole trustee and primary beneficiary and his adult children are secondary beneficiaries. Effective as of December 31, 2023, Mr. Stice gifted an estimated 14% limited partner interest in Stice Investments, Ltd., which interest was owned by Mr. Stice as of that date as his sole and separate property, to the Stice 2023 Family Trust pursuant to the gift assignment executed on December 14, 2023, to be effective as of December 31, 2023, during the issuer's open trading window, subject to the third party valuation of the fair market value of the gifted interest as of December 31, 2023, which was not determinable as of December 14, 2023 and determinable as of December 31, 2023 upon completion of the final valuation.
F2 Stice Investments, Ltd., is managed by Stice Management, LLC, its general partner. Mr. Stice and his spouse hold 100% of the membership interests in Stice Management, LLC, of which Mr. Stice is the manager. Mr. Stice may be deemed to share beneficial ownership of securities beneficially owned by his spouse and, as a result, the gifted shares continue to be reported as indirectly beneficially owned by Mr. Stice following the reported transaction. Mr. Stice, however, disclaims beneficial ownership of the gifted shares, except to the extent of his actual pecuniary interest therein.