Form 4 for FANG Diamondback Energy
Accepted 2024-01-03 00:00:00 ET · period of report 2023-12-31 · accession 0001539838-24-000003 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2024-01-03 | 2023-12-31 | FANG | Stice Travis D. | CEO, Dir | G - Gift | $0.00 | -57.8K | 446.2K | -11% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-12-31 | G | D | 57,800 | $0.00 | 446,242 | I By Stice Investments, Ltd. | — | — | (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. |