Greth Lyndal Files SC 13D for Diamondback Energy

TL;DR

**Greth Lyndal just dropped a 13D on Diamondback Energy! Big move incoming?**

AI Summary

On September 13, 2024, Greth Lyndal filed an SC 13D with the SEC regarding Diamondback Energy, Inc. The filing indicates a change in beneficial ownership, with Greth Lyndal now holding a significant stake in the company. The specific percentage and number of shares owned are detailed within the filing.

Why It Matters

This filing signals a potential shift in control or influence over Diamondback Energy, Inc., which could impact the company's strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — SC 13D filings often indicate significant stake-building or activist intentions, which can lead to increased volatility and uncertainty for the company and its stock.

Key Players & Entities

• Diamondback Energy, Inc. (company) — Subject Company
• Greth Lyndal (person) — Filing Person
• Hillary H. Holmes (person) — Authorized Contact
• ACS CAPITAL HOLDINGS, LP (company) — Group Member
• ACS CAPITAL MANAGEMENT, LLC (company) — Group Member
• AUTRY STEPHENS MANAGEMENT TRUST (company) — Group Member
• ENDEAVOR MANAGER, LLC (company) — Group Member
• SFT 1 HOLDINGS, LLC (company) — Group Member
• SFT 2 HOLDINGS, LLC (company) — Group Member
• SFT MANAGEMENT, LLC (company) — Group Member

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Titles of Class of Securiti
• $8.0 b — ion consisting of a base cash amount of $8.0 billion, subject to adjustments, and (ii)

Filing Documents

• ef20035853_sc13d.htm (SC 13D) — 351KB
• ef20035853_ex99-1.htm (EX-99.1) — 26KB
• ef20035853_ex99-2.htm (EX-99.2) — 34KB
• 0001140361-24-041064.txt ( ) — 413KB

From the Filing

SC 13D 1 ef20035853_sc13d.htm SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* Diamondback Energy, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Titles of Class of Securities) 25278X109 (CUSIP Number) Hillary H. Holmes 811 Main Street, Suite 3000 Houston, Texas 77002 (346) 718-6600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 10, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d–1(e), 240.13d–1(f) or 240.13d–1(g), check the following box. * The remainder of this cover page shall be filled out of a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the " Act ") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ). CUSIP No. 25278X109 1 NAMES OF REPORTING PERSONS Autry Stephens Management Trust 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 12,899,376 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 12,899,376 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,899,376 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.4% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (1) Based upon 295,661,517 shares of Company Common Stock outstanding as of September 10, 2024, which is estimated based upon the sum of (i) 178,394,452 shares of Company Common Stock disclosed by the Company in its Form 10-Q filed with the Securities and Exchange Commission on August 7, 2024 and (ii) 117,267,065 shares of Company Common Stock issued by the Company as disclosed in its Form 8-K filed with the Securities and Exchange Commission on September 10, 2024. CUSIP No. 25278X109 1 NAMES OF REPORTING PERSONS ACS Capital Management, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 12,899,376 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 12,899,376 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,899,376 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.4% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 00 (1) Based upon 295,661,517 shares of Company Common Stock outstanding as of September 10, 2024, which is estimated based upon the sum of (i) 178,394,452 shares of Company Common Stock disclosed by the Company in its Form 10-Q filed with the Securities and Exchange Commission on August 7, 2024 and (ii) 117,267,065 shares of Company Common Stock issued by the Company as disclosed in its Form 8-K filed with the Securities and Exchange Commission on September 10, 2024. CUSIP No. 25278X109 1 NAMES OF REPORTING PERSONS ACS Capital Holdings, LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 12,899,376 (1) 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 12,899,376 (1) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,899,376 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.4% (2) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN (1) Consists of (i) 1,172,670 shares of Company Common Stock held directly by En