Greth Lyndal 4

What Happened

SGF FANG Holdings, LP (a reported 10% owner; ultimate beneficial owner Mrs. Greth) sold a total of 2,000,000 shares of Diamondback Energy (FANG) common stock to the company under a November 28, 2025 letter agreement. On Feb 3, 2026 it disposed of 1,000,000 shares at $162.88 per share ($162,880,000), and on Feb 4, 2026 it disposed of another 1,000,000 shares at $168.99 per share ($168,990,000), for total proceeds of $331,870,000. These were sales (not purchases).

Key Details

• Transaction dates and prices: Feb 3, 2026 — 1,000,000 shares @ $162.88; Feb 4, 2026 — 1,000,000 shares @ $168.99.
• Total proceeds: $331,870,000.
• Sale counterpart: Footnote states these were sales to Diamondback under a prior letter agreement (closed at Nasdaq closing price on each date).
• Reporting/filing: Form 4 filed Feb 5, 2026; filing appears timely (within required reporting window).
• Beneficial ownership/control: SGF FANG is a 10% owner; Mrs. Greth is the ultimate beneficial owner and indirectly controls SGF Capital, LLC (the general partner).
• Shares owned after transaction: Not specified in the excerpt provided.

Context

• This was a sale to the company (share repurchase) under a pre-arranged agreement, not an open-market disposition to unrelated third parties.
• As a 10% owner entity rather than an executive, the trade reflects an institutional-owner disposition under contract terms; filings like this are informational and do not by themselves indicate the company’s outlook.