10% owner Diamondback Energy sells 510.1K VNOM shares ($23.3M) at $45.69, halving stake to 510.1K shares
Diamondback Energy, a 10% owner, sold 510,071 shares of Viper Energy at $45.69 on 2026-03-19, reducing its position by exactly 50% from 1,020,142 shares to 510,071 shares and realizing $23,305,143.99. The transaction occurred at a price -1.6% below the 52-week high of $48.09, despite VNOM being up +3.7% over the prior 30 days and +23.5% over 90 days. Diamondback's prior sell at this ticker on 2024-03-08 was followed by a +6.8% return over 90 days, indicating the insider did not exit ahead of weakness on that occasion. The company faces fundamentals headwinds: it reported a net loss of $-77,000,000.00 in its latest quarter despite $418,000,000.00 in revenue and +62.0% annual growth, signaling profitability challenges that may be driving the structured reduction in exposure. This is a derivative-conversion transaction; the insider's full position includes derivative holdings not yet reflected in this filing's Table I data.