Meloy Charles Alvin 4
Research Summary
AI-generated summary
Diamondback (FANG) Director Meloy Sells 15,714 Shares
What Happened
- Meloy Charles Alvin, a director of Diamondback Energy, sold a total of 15,714 shares in open‑market transactions on March 9–10, 2026, generating aggregate proceeds of roughly $2.85 million. Individual sale prices shown on the filing range from about $176.51 to $186.16 per share (weighted averages reported per trade; detailed price ranges across the trades span $176.505 to $186.31).
Key Details
- Transaction dates: March 9 and March 10, 2026 (Form 4 filed March 11, 2026). Filing appears timely (Form 4 filed within the SEC deadline).
- Total shares sold: 15,714; total proceeds: ~$2,852,036.
- Price info: per‑lot weighted average prices are listed on the filing; overall trade prices ranged from $176.505 to $186.31 (see footnotes for per‑trade price ranges).
- Footnotes: trades were effected pursuant to a Rule 10b5‑1 trading plan (F1). Some shares are held through Wolfrock Energy, LLC (controlled by the reporting person) (F3). The reporting person offered to provide a breakdown of the number of shares sold at each price within the reported ranges upon request (F2).
- Shares owned after transaction: not stated in the provided excerpt of the filing.
Context
- These are sales (code S) under a pre‑arranged 10b5‑1 plan, a common way for insiders to sell shares on a predetermined schedule; such sales are generally considered routine and do not by themselves indicate the insider’s view of the company’s prospects.