Diamondback Energy Director Sells $6.12M in Common Stock Under Rule 10b5-1 Plan
Diamondback Energy, Inc.
Subscribe to track FANG
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
{ "title": "Diamondback Energy, Inc. (FANG) Insider Sale", "color": 15158332, "fields": [ {"name": "Insider", "value": "Meloy Charles Alvin (Director)", "inline": true}, {"name": "Transaction Type", "value": "Sale (Rule 10b5-1)", "inline": true}, {"name": "Shares Sold", "value": "33,333", "inline": true}, {"name": "Average Price", "value": "$183.74", "inline": true}, {"name": "Total Value", "value": "$6,124,576.15", "inline": true}, {"name": "Remaining Shares", "value": "788,121 (Indirect + Direct)", "inline": true} ], "footer": {"text": "SEC Form 4 • Filed Oct 7, 2026"} }
Comprehensive Analysis
Overview
On October 5, 2026, Charles Alvin Meloy, a Director of Diamondback Energy, Inc. ($FANG), executed open-market sales totaling 33,333 shares of common stock through Wolfrock Energy, LLC. The aggregate transaction value was $6,124,576.15 at a volume-weighted average price of approximately $183.74 per share.
Transaction Breakdown
The dispositions were executed in three tranches across various price ranges:
- 20,503 shares sold at a weighted average price of $183.1748 (range: $182.645 – $183.64)
- 6,476 shares sold at a weighted average price of $184.3135 (range: $183.65 – $184.58)
- 6,354 shares sold at a weighted average price of $184.9904 (range: $184.66 – $185.505)
Key Context
- Rule 10b5-1 Plan: The sales were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan established on March 17, 2026, reducing concerns regarding opportunistic market timing.
- Ownership Structure: The shares were sold indirectly through Wolfrock Energy, LLC, which is controlled by Meloy Management, LLC (controlled by Mr. Meloy). Following the transaction, Wolfrock Energy, LLC holds 759,864 shares indirectly, while Mr. Meloy continues to hold 28,257 shares directly, retaining a substantial aggregate equity stake of 788,121 shares (valued at over $144 million).
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.