Lyndal Greth and SGF FANG Holdings Sell 10 Million Shares of Diamondback Energy (FANG)

On June 5, 2026, Lyndal Greth and SGF FANG Holdings, LP filed Amendment No. 6 to their Schedule 13D regarding Diamondback Energy, Inc. (FANG). The filing reports a significant divestment on June 4, 2026, where SGF FANG sold 10,000,000 shares of Common Stock at a price of $204.25 per share, totaling approximately $2.04 billion. The sale was conducted pursuant to Rule 144 under the Securities Act of 1933. Following this transaction, the reporting persons beneficially own 74,036,722 shares, representing approximately 26.3% of the company's outstanding common stock. In connection with this sale, SGF FANG has entered into a 30-day lock-up agreement with J.P. Morgan Securities LLC, expiring in early July 2026, during which they cannot sell additional shares without mutual agreement. This amendment follows a series of previous filings dating back to September 2024 and reflects a strategic reduction in their substantial holding in the Midland-based energy company.