Stice Travis D. 4

What Happened

• Travis D. Stice, Executive Chairman and Director of Diamondback Energy, sold 100,000 shares in open-market transactions on March 6, 2026, generating total proceeds of $18,113,035. The filing reports four disposition line items: 62,808 shares at a reported weighted avg $181.15 ($11,377,745), 35,070 shares at $181.06 ($6,349,778), 1,149 shares at $181.67 ($208,741), and 973 shares at $181.68 ($176,771). These were outright sales (code S) rather than option exercises or awards.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (see filing for timeliness specifics).
• Reported proceeds: $18,113,035 total.
• Reported prices: weighted-average line prices shown above; individual trades occurred across price ranges roughly $180.57–$181.785 per share (see footnotes in the Form 4 for exact per-trade ranges).
• Ownership after transaction: not specified in the excerpt provided — consult the Form 4 for post-transaction holdings.
• Entity/beneficial owner note: footnote indicates the securities are held by Stice Investments, Ltd., managed by Stice Management, LLC; Mr. Stice and his spouse control the manager (footnote F2).
• No indication in the provided text that these were 10b5-1 plan trades, gifts, or option exercises — they are reported as open-market sales.

Context

• Sales by executives are common for diversification, liquidity, or other personal reasons and do not, by themselves, indicate a change in company fundamentals. Because this filing reports open-market dispositions by the Executive Chairman (and by a controlled investment vehicle), retail investors should review the full Form 4 for holdings, any 10b5-1 plan disclosure, and filing timeliness before drawing conclusions.