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[Form 4] Sitio Royalties Corp. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Sitio Royalties Corp. (STR) completed its merger with Viper Energy, Inc. on August 19, 2025, triggering a conversion and cancellation of certain securities held by the Kimmeridge Companies. In the transaction, 36,495,520 Sitio Royalties Operating Partnership, LP Units were converted into 17,718,574 limited liability company membership common units in Viper Energy Partners LLC and 17,718,574 shares of Class B common stock of the new holding company formed by the merger.

Also on closing, 36,495,520 shares of Sitio Class C Common Stock and 183,394 Allocation Rights held by the Kimmeridge Companies were cancelled and ceased to exist. As a result, Kimmeridge Energy Management Company, LLC reports that it no longer beneficially owns any securities of the issuer; the filing clarifies the Reporting Person acts as investment adviser to KMF DPM HoldCo, LLC and Chambers DPM HoldCo, LLC.

Sitio Royalties Corp. (STR) ha completato la fusione con Viper Energy, Inc. il 19 agosto 2025, determinando la conversione e la cancellazione di alcuni strumenti posseduti dalle societ脿 Kimmeridge. Nell鈥檕perazione, 36.495.520 unit脿 di Sitio Royalties Operating Partnership, LP sono state convertite in 17.718.574 quote ordinarie di partecipazione come societ脿 a responsabilit脿 limitata in Viper Energy Partners LLC e in 17.718.574 azioni di Classe B della nuova societ脿 holding risultante dalla fusione.

Alla chiusura sono state inoltre cancellate 36.495.520 azioni di Sitio Classe C Common Stock e 183.394 Allocation Rights detenute dalle societ脿 Kimmeridge, che hanno quindi cessato di esistere. Di conseguenza, Kimmeridge Energy Management Company, LLC dichiara di non detenere pi霉 titoli dell鈥檈mittente; il deposito specifica che la Reporting Person agisce come consulente d鈥檌nvestimento per KMF DPM HoldCo, LLC e Chambers DPM HoldCo, LLC.

Sitio Royalties Corp. (STR) complet贸 su fusi贸n con Viper Energy, Inc. el 19 de agosto de 2025, lo que provoc贸 la conversi贸n y cancelaci贸n de ciertos valores en poder de las sociedades Kimmeridge. En la transacci贸n, 36.495.520 unidades de Sitio Royalties Operating Partnership, LP se convirtieron en 17.718.574 participaciones comunes tipo LLC en Viper Energy Partners LLC y en 17.718.574 acciones de Clase B de la nueva sociedad holding formada por la fusi贸n.

Al cierre tambi茅n se cancelaron 36.495.520 acciones de Sitio Clase C Common Stock y 183.394 Allocation Rights en poder de las sociedades Kimmeridge, que dejaron de existir. Como resultado, Kimmeridge Energy Management Company, LLC informa que ya no posee beneficiosamente valores del emisor; la presentaci贸n aclara que la Reporting Person act煤a como asesor de inversi贸n de KMF DPM HoldCo, LLC y Chambers DPM HoldCo, LLC.

Sitio Royalties Corp. (STR)電� 2025雲� 8鞗� 19鞚� Viper Energy, Inc.鞕�鞚� 頃╇硲鞚� 鞕勲頄堨溂氅�, 鞚措 鞚疙暣 Kimmeridge 瓿勳棿靷皜 氤挫湢頃� 鞚茧秬 歃濌秾鞚� 鞝勴櫂 氚� 靻岆└霅橃棃鞀惦媹雼�. 瓯半灅鞐愳劀 Sitio Royalties Operating Partnership, LP鞚� 36,495,520 雼渼電� Viper Energy Partners LLC鞚� 鞙犿暅毂呾瀯須岇偓 氤错喌須岇洂 歆�攵� 17,718,574雼渼鞕� 頃╇硲鞙茧 韮勳儩頃� 靸堧鞖� 歆�欤柬殞靷潣 韥措灅鞀� B 氤错喌欤� 17,718,574欤茧 鞝勴櫂霅橃棃鞀惦媹雼�.

膦呹舶 鞁� Kimmeridge 瓿勳棿靷皜 氤挫湢頃� Sitio 韥措灅鞀� C 氤错喌欤� 36,495,520欤检檧 183,394臧滌潣 Allocation Rights霃� 旆唽霅橃柎 靻岆└頄堨姷雼堧嫟. 攴� 瓴瓣臣 Kimmeridge Energy Management Company, LLC電� 雿� 鞚挫儊 頃措嫻 氚滍枆須岇偓鞚� 歃濌秾鞚� 鞁れ鞝侅溂搿� 氤挫湢頃橃 鞎婌潓鞚� 氤搓碃頄堨溂氅�, 鞝滌稖氍胳劀電� 氤搓碃鞛愱皜 KMF DPM HoldCo, LLC 氚� Chambers DPM HoldCo, LLC鞚� 韴瀽鞛愲靷靹� 頄夒彊頃橁碃 鞛堨潓鞚� 氇呿檿頃橁矊 氚濏様鞀惦媹雼�.

Sitio Royalties Corp. (STR) a finalis茅 sa fusion avec Viper Energy, Inc. le 19 ao没t 2025, entra卯nant la conversion et l鈥檃nnulation de certains titres d茅tenus par les soci茅t茅s Kimmeridge. Dans la transaction, 36 495 520 unit茅s de Sitio Royalties Operating Partnership, LP ont 茅t茅 converties en 17 718 574 parts ordinaires de type LLC de Viper Energy Partners LLC et en 17 718 574 actions de Classe B de la nouvelle soci茅t茅 holding issue de la fusion.

脌 la cl么ture, 36 495 520 actions de Sitio Classe C Common Stock et 183 394 Allocation Rights d茅tenues par les soci茅t茅s Kimmeridge ont 茅galement 茅t茅 annul茅es et ont cess茅 d鈥檈xister. En cons茅quence, Kimmeridge Energy Management Company, LLC d茅clare ne plus d茅tenir de titres de l鈥櫭﹎etteur ; le d茅p么t pr茅cise que la Reporting Person agit en tant que conseiller en investissement pour KMF DPM HoldCo, LLC et Chambers DPM HoldCo, LLC.

Sitio Royalties Corp. (STR) schloss am 19. August 2025 seine Fusion mit Viper Energy, Inc. ab, wodurch bestimmte von den Kimmeridge-Gesellschaften gehaltene Wertpapiere umgewandelt und annulliert wurden. Im Rahmen der Transaktion wurden 36.495.520 Einheiten der Sitio Royalties Operating Partnership, LP in 17.718.574 Mitgliedseinheiten als Common Units der Viper Energy Partners LLC und in 17.718.574 Aktien der Klasse B der durch die Fusion entstandenen neuen Holdinggesellschaft umgewandelt.

Zum Abschluss wurden au脽erdem 36.495.520 Aktien der Sitio Klasse C Common Stock und 183.394 Allocation Rights, die von den Kimmeridge-Gesellschaften gehalten wurden, annulliert und erloschen. Folglich berichtet Kimmeridge Energy Management Company, LLC, dass sie keine Wertpapiere des Emittenten mehr wirtschaftlich besitzt; die Meldung stellt klar, dass die meldende Person als Anlageberater f眉r KMF DPM HoldCo, LLC und Chambers DPM HoldCo, LLC t盲tig ist.

Positive
  • Merger completion of Sitio Royalties Corp. and Viper Energy, Inc. on August 19, 2025 is explicitly disclosed
  • Conversion of 36,495,520 Sitio Opco Units into membership units and Class B shares is documented with exact amounts
  • Reporting Person now reports no beneficial ownership following the conversion and cancellations
Negative
  • None.

Insights

TL;DR Merger closed on August 19, 2025, converting partnership units into new holding company equity and cancelling Class C shares.

The filing documents the structural equity changes resulting from the Sitio-Viper merger: 36,495,520 Sitio Opco Units became 17,718,574 membership units in Viper Energy Partners LLC and 17,718,574 Class B shares in the new holding company, while 36,495,520 Class C shares were cancelled. These are ownership reclassifications tied to the merger mechanics rather than open-market trades. The Reporting Person now reports zero beneficial ownership, which is a direct consequence of the conversion and cancellations disclosed.

TL;DR Form 4 documents post-merger ownership restructuring and confirms the adviser鈥檚 limited beneficial claim.

The statement clarifies that Kimmeridge Energy Management Company, LLC acted as investment adviser to KMF HoldCo and Chambers HoldCo and disclaims beneficial ownership except for any pecuniary interest. The filing includes a deputization note explaining a board-related director linkage. This is a compliance disclosure of ownership changes following a corporate transaction rather than a separate insider sale.

Sitio Royalties Corp. (STR) ha completato la fusione con Viper Energy, Inc. il 19 agosto 2025, determinando la conversione e la cancellazione di alcuni strumenti posseduti dalle societ脿 Kimmeridge. Nell鈥檕perazione, 36.495.520 unit脿 di Sitio Royalties Operating Partnership, LP sono state convertite in 17.718.574 quote ordinarie di partecipazione come societ脿 a responsabilit脿 limitata in Viper Energy Partners LLC e in 17.718.574 azioni di Classe B della nuova societ脿 holding risultante dalla fusione.

Alla chiusura sono state inoltre cancellate 36.495.520 azioni di Sitio Classe C Common Stock e 183.394 Allocation Rights detenute dalle societ脿 Kimmeridge, che hanno quindi cessato di esistere. Di conseguenza, Kimmeridge Energy Management Company, LLC dichiara di non detenere pi霉 titoli dell鈥檈mittente; il deposito specifica che la Reporting Person agisce come consulente d鈥檌nvestimento per KMF DPM HoldCo, LLC e Chambers DPM HoldCo, LLC.

Sitio Royalties Corp. (STR) complet贸 su fusi贸n con Viper Energy, Inc. el 19 de agosto de 2025, lo que provoc贸 la conversi贸n y cancelaci贸n de ciertos valores en poder de las sociedades Kimmeridge. En la transacci贸n, 36.495.520 unidades de Sitio Royalties Operating Partnership, LP se convirtieron en 17.718.574 participaciones comunes tipo LLC en Viper Energy Partners LLC y en 17.718.574 acciones de Clase B de la nueva sociedad holding formada por la fusi贸n.

Al cierre tambi茅n se cancelaron 36.495.520 acciones de Sitio Clase C Common Stock y 183.394 Allocation Rights en poder de las sociedades Kimmeridge, que dejaron de existir. Como resultado, Kimmeridge Energy Management Company, LLC informa que ya no posee beneficiosamente valores del emisor; la presentaci贸n aclara que la Reporting Person act煤a como asesor de inversi贸n de KMF DPM HoldCo, LLC y Chambers DPM HoldCo, LLC.

Sitio Royalties Corp. (STR)電� 2025雲� 8鞗� 19鞚� Viper Energy, Inc.鞕�鞚� 頃╇硲鞚� 鞕勲頄堨溂氅�, 鞚措 鞚疙暣 Kimmeridge 瓿勳棿靷皜 氤挫湢頃� 鞚茧秬 歃濌秾鞚� 鞝勴櫂 氚� 靻岆└霅橃棃鞀惦媹雼�. 瓯半灅鞐愳劀 Sitio Royalties Operating Partnership, LP鞚� 36,495,520 雼渼電� Viper Energy Partners LLC鞚� 鞙犿暅毂呾瀯須岇偓 氤错喌須岇洂 歆�攵� 17,718,574雼渼鞕� 頃╇硲鞙茧 韮勳儩頃� 靸堧鞖� 歆�欤柬殞靷潣 韥措灅鞀� B 氤错喌欤� 17,718,574欤茧 鞝勴櫂霅橃棃鞀惦媹雼�.

膦呹舶 鞁� Kimmeridge 瓿勳棿靷皜 氤挫湢頃� Sitio 韥措灅鞀� C 氤错喌欤� 36,495,520欤检檧 183,394臧滌潣 Allocation Rights霃� 旆唽霅橃柎 靻岆└頄堨姷雼堧嫟. 攴� 瓴瓣臣 Kimmeridge Energy Management Company, LLC電� 雿� 鞚挫儊 頃措嫻 氚滍枆須岇偓鞚� 歃濌秾鞚� 鞁れ鞝侅溂搿� 氤挫湢頃橃 鞎婌潓鞚� 氤搓碃頄堨溂氅�, 鞝滌稖氍胳劀電� 氤搓碃鞛愱皜 KMF DPM HoldCo, LLC 氚� Chambers DPM HoldCo, LLC鞚� 韴瀽鞛愲靷靹� 頄夒彊頃橁碃 鞛堨潓鞚� 氇呿檿頃橁矊 氚濏様鞀惦媹雼�.

Sitio Royalties Corp. (STR) a finalis茅 sa fusion avec Viper Energy, Inc. le 19 ao没t 2025, entra卯nant la conversion et l鈥檃nnulation de certains titres d茅tenus par les soci茅t茅s Kimmeridge. Dans la transaction, 36 495 520 unit茅s de Sitio Royalties Operating Partnership, LP ont 茅t茅 converties en 17 718 574 parts ordinaires de type LLC de Viper Energy Partners LLC et en 17 718 574 actions de Classe B de la nouvelle soci茅t茅 holding issue de la fusion.

脌 la cl么ture, 36 495 520 actions de Sitio Classe C Common Stock et 183 394 Allocation Rights d茅tenues par les soci茅t茅s Kimmeridge ont 茅galement 茅t茅 annul茅es et ont cess茅 d鈥檈xister. En cons茅quence, Kimmeridge Energy Management Company, LLC d茅clare ne plus d茅tenir de titres de l鈥櫭﹎etteur ; le d茅p么t pr茅cise que la Reporting Person agit en tant que conseiller en investissement pour KMF DPM HoldCo, LLC et Chambers DPM HoldCo, LLC.

Sitio Royalties Corp. (STR) schloss am 19. August 2025 seine Fusion mit Viper Energy, Inc. ab, wodurch bestimmte von den Kimmeridge-Gesellschaften gehaltene Wertpapiere umgewandelt und annulliert wurden. Im Rahmen der Transaktion wurden 36.495.520 Einheiten der Sitio Royalties Operating Partnership, LP in 17.718.574 Mitgliedseinheiten als Common Units der Viper Energy Partners LLC und in 17.718.574 Aktien der Klasse B der durch die Fusion entstandenen neuen Holdinggesellschaft umgewandelt.

Zum Abschluss wurden au脽erdem 36.495.520 Aktien der Sitio Klasse C Common Stock und 183.394 Allocation Rights, die von den Kimmeridge-Gesellschaften gehalten wurden, annulliert und erloschen. Folglich berichtet Kimmeridge Energy Management Company, LLC, dass sie keine Wertpapiere des Emittenten mehr wirtschaftlich besitzt; die Meldung stellt klar, dass die meldende Person als Anlageberater f眉r KMF DPM HoldCo, LLC und Chambers DPM HoldCo, LLC t盲tig ist.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kimmeridge Energy Management Company, LLC
(Last) (First) (Middle)
15 LITTLE WEST 12TH STREET
4TH FLOOR
(Street)
NEW YORK NY 10014
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Sitio Royalties Corp. [ STR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class C Common Stock 08/19/2025 D 36,495,520 D (1)(2) 0 I See footnote(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Sitio Royalties Operating Partnership, LP Units (1)(2) 08/19/2025 D 36,495,520 (1)(2) (1)(2) Class A Common Stock 36,495,520 (1)(2) 0 I See footnote(3)
Allocation Rights (4) 08/19/2025 D 183,394 (4) (4) Class A Common Stock 183,394 (4) 0 I See footnote(3)
Explanation of Responses:
1. The closing of Sitio Royalties Corp's ("Sitio") previously announced merger with Viper Energy, Inc., a Delaware corporation occurred on August 19, 2025.
2. In connection with the closing, 36,495,520 Sitio Royalties Operating Partnership, LP Units ("Sitio Opco Units") held by the Kimmeridge Companies (as defined below) were converted into 17,718,574 common units representing limited liability company membership interests in Viper Energy Partners LLC and 17,718,574 shares of Class B common stock, par value $0.000001 per share, of the new holding company resulting from the merger ("New Viper"). In addition, in connection with the closing, 36,495,520 shares of Class C Common Stock held by the Kimmeridge Companies were cancelled and ceased to exist. As a result, the Reporting Person no longer beneficially owns any securities.
3. The securities to which this filing relates were held directly by KMF DPM HoldCo, LLC ("KMF HoldCo") and Chambers DPM HoldCo, LLC ("Chambers HoldCo"). (the "Kimmeridge Companies") Kimmeridge Energy Management Company, LLC, a Delaware limited liability company (the "Reporting Person"), acts as the investment adviser to the parent company of each of KMF HoldCo and Chambers HoldCo. The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any.
4. Each Allocation Right entitled the Reporting Person to receive one share of Sitio Class C Common Stock and one Sitio Opco Unit to the extent any shares of Sitio Class C Common Stock and Sitio Opco Units were forfeited by the holders thereof. In connection with the closing, the Allocation Rights were cancelled and ceased to exist.
Remarks:
The Reporting Person may be have been deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Noam Lockshin, a member of the Board of Managers of the Reporting Person, currently served on the board of directors of the Issuer.
Kimmeridge Energy Management Company, LLC, By: /s/ Tamar Goldstein, General Counsel 08/21/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What transaction triggered this Form 4 for STR?

The Form 4 reports the closing of Sitio Royalties Corp.'s merger with Viper Energy, Inc. on August 19, 2025.

How many Sitio Opco Units were converted in the merger?

A total of 36,495,520 Sitio Royalties Operating Partnership, LP Units were converted as disclosed in the filing.

What securities were received in exchange for the converted Opco Units?

The 36,495,520 Opco Units converted into 17,718,574 membership common units in Viper Energy Partners LLC and 17,718,574 shares of Class B common stock of the new holding company.

Were any Sitio securities cancelled in this transaction?

Yes. The filing states 36,495,520 shares of Sitio Class C Common Stock and 183,394 Allocation Rights held by the Kimmeridge Companies were cancelled and ceased to exist.

Does Kimmeridge Energy Management Company, LLC claim beneficial ownership after the closing?

No. The filing states the Reporting Person no longer beneficially owns any securities and expressly disclaims beneficial ownership except for any pecuniary interest.
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Sitio Royalties

NYSE:STR

STR Rankings

#2389 Ranked by Market Cap
#346 Ranked by Dividends

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STR Stock Data

1.41B
76.48M
1.43%
89.47%
2.67%
Oil & Gas E&P
Crude Petroleum & Natural Gas
United States
DENVER