Form 4 for FANG Diamondback Energy

Accepted 2023-01-12 00:00:00 ET · period of report 2022-08-24 · accession 0001539838-23-000015 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2023-01-12	2022-08-24	FANG	Soliman Jennifer	EVP, Chief HR Off	A - Grant	$0.00	+1,483	11.0K	+16%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-08-24	A	A	1,483	$0.00	10,989	D	—	—	(F2) Ms. Soliman departed the Company effective in October 2022. (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, (i) each outstanding Rattler common unit held by the Reporting Person was converted into the right to receive 0.113 shares (the "Exchange Ratio") of common stock, par value $0.01 per share ("Common Stock"), of the Issuer and (ii) each outstanding Rattler phantom unit held by the Reporting Person was converted into the right to receive the Issuer's restricted stock units, as adjusted by the Exchange Ratio, with the same vesting schedule and other terms and conditions as the corresponding Rattler phantom units.