Zmigrosky Matt 4

What Happened
Matt Zmigrosky, EVP and Chief Legal & Administrative Officer of Diamondback Energy (FANG), reported an open-market sale of 5,000 shares on June 1, 2026. The shares were sold at $200.54 each for total proceeds of $1,002,701. This was a sale (code S) rather than a purchase or option exercise.

Key Details

• Transaction date: 2026-06-01
• Transaction type: Open-market sale (code S)
• Shares sold: 5,000
• Price per share: $200.54
• Gross proceeds: $1,002,701
• Filing date: 2026-06-02 (filed the next day; appears timely under Form 4 rules)
• Shares owned after transaction: not specified in the provided excerpt—see the full Form 4 for post-transaction holdings.
• Footnotes/plan info: no 10b5-1 plan, tax withholding, or other footnotes disclosed in the provided details.

Context
Insider sales are common and can reflect routine liquidity needs (diversification, taxes, etc.) rather than a view on company fundamentals. Purchases typically carry more weight as a bullish signal; this single open-market sale should be viewed as one data point—check the full filing for holdings and any additional notes.