Secondary Stock Offering

Diamondback Energy (FANG) announced a secondary common‑stock offering of 11 million shares to be sold solely by SGF FANG Holdings LP, the investment vehicle of Lyndal Stephens Greth. The offering is priced between $172.25 and $176 per share, potentially raising up to $1.94 billion; however, FANG will not receive any proceeds because the sale is a pure‑seller transaction. The offering is being underwritten by Evercore ISI, Citigroup, and J.P. Morgan, with an option for underwriters to purchase an additional 1.65 million shares within 30 days. The registration statement is filed with the SEC, and the sale is set to close on March 12, 2026.