Form 4: Viper Energy CEO Travis Stice Reports Gift of Shares to Trust

Viper Energy CEO Travis Stice reports a gift of shares held by Stice Investments, Ltd. to the TDS 2024 Trust, with his spouse gifting an 8% limited partner interest.

Summary

• On May 31, 2024, Travis Stice, CEO of Viper Energy, reported a transaction involving Class A Common Stock.
• Mr. Stice's spouse gifted an estimated 8% limited partner interest in Stice Investments, Ltd. to the TDS 2024 Trust.
• Mr. Stice is the sole trustee and primary beneficiary of the Trust, with his adult children as secondary beneficiaries.
• The gifted interest was calculated based on a third-party valuation of the fair market value as of May 31, 2024, subject to completion of the final valuation.
• Following the transaction, Mr. Stice's indirectly held beneficial ownership of Viper Energy shares remains unchanged.
• Stice Investments, Ltd. is managed by Stice Management, LLC, where Mr. Stice and his spouse hold 100% of the membership interest, with Mr. Stice as the manager.
• The total amount of Class A Common Stock beneficially owned following the reported transaction is 106,169 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a gift of shares. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The gift from Travis Stice's spouse to the TDS 2024 Trust, of which Mr. Stice is the sole trustee and primary beneficiary, constitutes a related party transaction.

Stakeholder Impact

• The transaction does not appear to have a significant impact on Viper Energy's stakeholders, as it is a transfer of beneficial ownership within related parties and does not change the overall control or financial position of the company.

Key Dates