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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 12/31/23 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1539838 |
| Issuer Name: Diamondback Energy, Inc. |
| Issuer Trading Symbol: FANG |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1559933 |
| | Owner Name: Stice Travis D. |
| Reporting Owner Address: |
| | Owner Street 1: 500 WEST TEXAS AVENUE |
| | Owner Street 2: SUITE 100 |
| | Owner City: MIDLAND |
| | Owner State: TX |
| | Owner ZIP Code: 79701 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Executive Officer |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 12/31/23 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: G |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 57,800 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 446,242 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| Footnote ID: F2 |
| | | Nature of Ownership: |
| Value: By Stice Investments, Ltd. |
| Footnote ID: F2 |
| Derivative Table: |
| Footnotes: |
| Footnote - 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. |
| Footnote - 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. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Teresa L. Dick, as attorney-in-fact for Travis D. Stice |
| Signature Date: 1/3/24 |
