Steven E. West - Aug 24, 2022 Form 4 Insider Report for Diamondback Energy, Inc. (FANG)

Role: Director
Signature: /s/ Teresa L. Dick, as attorney-in-fact for Steven E. West
Stock symbol: FANG
Transactions as of: Aug 24, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/24/2022, 05:40 PM
Previous filing: Jul 13, 2022
Next filing: Jun 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FANG	Common Stock	Award		+4.11K	+55.03%		11.6K	Aug 24, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to that certain Agreement and Plan of Merger dated May 15, 2022 by and among the Issuer, Rattler Midstream LP ("Rattler"), Rattler Midstream GP LLC, the general partner of Rattler, and Bacchus Merger Sub Company, a wholly owned subsidiary of the Issuer ("Merger Sub"), on August 24, 2022, Merger Sub merged with and into Rattler, with Rattler surviving as an indirect, wholly owned subsidiary of the Issuer (the "Merger"). At the effective time of the Merger, each outstanding Rattler common unit held by the Reporting Person was converted into the right to receive 0.113 shares of common stock, par value $0.01 per share ("Common Stock"), of the Issuer.

Content

Pursuant to that certain Agreement and Plan of Merger dated May 15, 2022 by and among the Issuer, Rattler Midstream LP ("Rattler"), Rattler Midstream GP LLC, the general partner of Rattler, and Bacchus Merger Sub Company, a wholly owned subsidiary of the Issuer ("Merger Sub"), on August 24, 2022, Merger Sub merged with and into Rattler, with Rattler surviving as an indirect, wholly owned subsidiary of the Issuer (the "Merger"). At the effective time of the Merger, each outstanding Rattler common unit held by the Reporting Person was converted into the right to receive 0.113 shares of common stock, par value $0.01 per share ("Common Stock"), of the Issuer.