Diamondback Energy Director Charles A. Meloy Files Form 144 for $6.14M Sale
Diamondback Energy, Inc.
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Filing Summary
{"title": "Diamondback Energy, Inc. (FANG) - Form 144 Proposed Sale", "color": 15158332, "fields": [{"name": "Insider", "value": "Charles A. Meloy (Director)", "inline": true}, { ame": "Shares to Sell", "value": "33,333", "inline": true}, {"name": "Market Value", "value": "$6,135,938.64", "inline": true}, {"name": "Broker", "value": "Goldman Sachs & Co. LLC", "inline": true}, {"name": "Plan Status", "value": "Rule 10b5-1 (Adopted 2026-03-17)", "inline": true}, {"name": "Entity", "value": "Wolfrock Energy, L.L.C.", "inline": true}]}
Comprehensive Analysis
Executive Summary
On October 5, 2026, Charles A. Meloy, a Director of Diamondback Energy, Inc. (FANG), filed Form 144 notifying the proposed sale of 33,333 shares of Common Stock with an estimated aggregate market value of $6,135,938.64 (approximately $184.08 per share).
Transaction Details
- Seller: Wolfrock Energy, L.L.C. (associated with Director Charles A. Meloy)
- Number of Shares: 33,333 shares
- Aggregate Market Value: $6,135,938.64
- Broker: Goldman Sachs & Co. LLC
- Approximate Sale Date: October 5, 2026
- Original Acquisition: Acquired on September 10, 2024, directly from the issuer as consideration in a merger or acquisition.
- Pre-Scheduled Trading Plan: Executed under a Rule 10b5-1 trading plan adopted on March 17, 2026.
Prior Sales Context
Within the past three months, Wolfrock Energy, L.L.C. previously sold an identical tranche of 33,333 shares on August 3, 2026, generating gross proceeds of $6,613,537.20.
Market Impact & Significance
This filing represents a planned, programmatic liquidation under a pre-established Rule 10b5-1 plan. Relative to Diamondback Energy's total outstanding shares of over 280 million, this transaction represents roughly 0.01% of the company's equity, suggesting minimal market disruption and neutral sentiment impact.
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Important Disclaimer
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