Form 4: Diamondback Energy Director Charles Meloy Reports Share Transfer to Wolfrock Energy, LLC

Director Charles Meloy transferred 110,000 shares of Diamondback Energy stock to Wolfrock Energy, LLC, a company he manages.

Summary

• Charles Meloy, a director at Diamondback Energy, Inc., reported a transaction involving the transfer of 110,000 shares of common stock.
• The shares were transferred to Wolfrock Energy, LLC, an entity where Mr. Meloy serves as the sole manager.
• The transaction occurred on November 14, 2024.
• Following the transaction, Mr. Meloy indirectly beneficially owns 1,085,017 shares through Wolfrock Energy, LLC.
• The transfer was a non-sale transaction, indicated by a price of $0.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in the oil and gas industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, including those in the oil and gas sector like Diamondback Energy.
• Similar filings are regularly made by directors and officers of companies like EOG Resources, Pioneer Natural Resources, and ConocoPhillips when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares to an entity controlled by the director, not a sale to the open market.

Key Dates

Keywords

Diamondback Energy, Charles Meloy, Wolfrock Energy LLC, share transfer, beneficial ownership, Form 4, director