Form 4: Director Disposes Sitio Royalties Shares Post-Merger

A director of Sitio Royalties Corp. disposed of over 40,000 shares of Class A Common Stock following the consummation of its merger with Viper Energy, Inc.

Summary

• Richard K. Stoneburner, a Director of Sitio Royalties Corp. (STR), reported the disposition of 40,606 shares of STR Class A Common Stock.
• The transaction occurred on August 19, 2025, coinciding with the consummation of the merger between Sitio Royalties Corp. and Viper Energy, Inc.
• The merger was an all-equity transaction where New Viper Pubco, Inc. acquired Sitio Royalties Corp.
• As a result of the Sitio Pubco Merger, each outstanding deferred restricted stock unit award in Sitio Class A Common Stock immediately vested and was converted into the right to receive 0.4855 shares of New Viper Class A common stock.
• Following this transaction, the reporting person beneficially owns 0 shares of Sitio Royalties Corp. Class A Common Stock.

Sentiment

Score: 5

Explanation: The filing is a factual report of a completed transaction (share disposition due to a merger) and does not contain subjective language or forward-looking statements that would indicate a positive or negative sentiment.

Future Outlook

The filing details a completed corporate action (merger) and the resulting disposition of shares, providing no forward-looking statements or guidance.

Industry Context

This filing reflects a significant consolidation event within the energy royalty and mineral sector, where companies like Sitio Royalties and Viper Energy are combining to potentially achieve scale and operational efficiencies. Such mergers are a common strategy in mature industries seeking to optimize asset portfolios and market positions.

Related Party Transactions

• The transaction involves the merger of Sitio Royalties Corp. with Viper Energy, Inc., an all-equity transaction where New Viper acquired Sitio Royalties Corp. and its operating partnership.

Stakeholder Impact

• Shareholders of Sitio Royalties Corp. had their shares converted into shares of New Viper as part of the merger agreement.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Merger, Sitio Royalties Corp., Viper Energy Inc., Equity Transaction, Director, Stock Disposition