Rattler Midstream (RTLR) executive Stice returned to the company 177,996 shares

Insider transactions reported

Travis D. Stice (executive at Rattler Midstream LP, RTLR) reported that they returned to the company 177,996 shares on Aug 24, 2022. After these transactions the filing shows 0 shares held indirectly (By Stice Investments, Ltd.).

Reporting person

Stice Travis D.

Holdings before and after

• Common units representing limited partner interests: 177,996 to 0 indirect, By Stice Investments, Ltd.

Footnotes from the filing

1. 1. Pursuant to that certain Agreement and Plan of Merger dated May 15, 2022 by and among the Issuer, Diamondback Energy, Inc. ( Diamondback ), Rattler Midstream GP LLC, the general partner of Issuer, and Bacchus Merger Sub Company, a wholly owned subsidiary of Diamondback ( Merger Sub ), on August 24, 2022, Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect, wholly owned subsidiary of Diamondback (the Merger ). At the effective time of the Merger (the Effective Time ), each outstanding Common Unit held by the Reporting Person was converted into the right to receive 0.113 shares (the Exchange Ratio ) of common stock, par value $0.01 per share ( Common Stock ), of Diamondback.
2. 2. Includes 45,715 phantom units granted under the Rattler Midstream LP Long-Term Incentive Plan that were converted, at the Effective Time, into an award of restricted stock units ( RSUs ) relating to a number of shares of Common Stock, as adjusted by the Exchange Ratio. Such RSUs are scheduled to vest in two remaining substantially equal installments beginning on May 28, 2023.
3. 3. These securities are held by Stice Investments, Ltd., which is managed by Stice Management, LLC, its general partner. Mr. Stice and his spouse hold 100% of the membership interests in Stice Management, LLC, of which Mr. Stice is the manager.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

FAQ