[SCHEDULE 13D/A] Sitio Royalties Corp. SEC Filing
Sitio Royalties Corp. completed the described Mergers on August 19, 2025, converting each outstanding Class A share into 0.4855 shares of New Parent Class A common stock and converting Partnership Units into 0.4855 Viper Opco units plus 0.4855 New Parent Class B shares. The Kimmeridge entities had 36,495,520 Partnership Units converted into 17,718,574 Viper Opco units and 17,718,574 New Parent Class B shares, and 36,495,520 Class C shares held by them were cancelled. As a result, Kimmeridge Energy Management Company, LLC reports it no longer beneficially owns any securities of Sitio and treats this filing as a final "exit" amendment.
Sitio Royalties Corp. ha completato le Fusioni indicate il 19 agosto 2025, convertendo ogni azione di Classe A in essere in 0,4855 azioni ordinarie di Nuova Capogruppo Classe A e convertendo le Unit脿 di Partnership in 0,4855 unit脿 Viper Opco pi霉 0,4855 azioni Nuova Capogruppo Classe B. Le entit脿 Kimmeridge hanno visto convertire 36.495.520 Unit脿 di Partnership in 17.718.574 unit脿 Viper Opco e 17.718.574 azioni Nuova Capogruppo Classe B, e le 36.495.520 azioni di Classe C da loro detenute sono state cancellate. Di conseguenza, Kimmeridge Energy Management Company, LLC dichiara di non detenere pi霉 alcun titolo di Sitio e considera questa comunicazione come una modifica finale di "uscita".
Sitio Royalties Corp. complet贸 las Fusiones descritas el 19 de agosto de 2025, convirtiendo cada acci贸n Clase A en circulaci贸n en 0,4855 acciones ordinarias Clase A de la Nueva Matriz y convirtiendo las Unidades de la Sociedad en 0,4855 unidades de Viper Opco m谩s 0,4855 acciones Clase B de la Nueva Matriz. Las entidades Kimmeridge tuvieron 36.495.520 Unidades de la Sociedad convertidas en 17.718.574 unidades de Viper Opco y 17.718.574 acciones Clase B de la Nueva Matriz, y se cancelaron las 36.495.520 acciones Clase C que pose铆an. Como resultado, Kimmeridge Energy Management Company, LLC informa que ya no posee de forma beneficiosa ning煤n valor de Sitio y considera este registro como una enmienda final de "salida".
Sitio Royalties Corp.電� 2025雲� 8鞗� 19鞚�鞐� 旮办灛霅� 頃╇硲鞚� 鞕勲頄堨溂氅�, 氇摖 鞙犿喌 欷戩澑 韥措灅鞀� A 欤检嫕鞚� 鞁犾劋 氇殞靷� 韥措灅鞀� A 氤错喌欤� 0.4855欤茧 鞝勴櫂頃橁碃 韺岉姼雱堨嫮 鞙犽嫑鞚� Viper Opco 鞙犽嫑 0.4855欤� 氚� 鞁犾劋 氇殞靷� 韥措灅鞀� B 欤检嫕 0.4855欤茧 鞝勴櫂頄堨姷雼堧嫟. Kimmeridge 瓿勳棿靷姅 氤挫湢頃橂崢 36,495,520 韺岉姼雱堨嫮 鞙犽嫑鞚� 17,718,574 Viper Opco 鞙犽嫑 氚� 17,718,574 鞁犾劋 氇殞靷� 韥措灅鞀� B 欤检嫕鞙茧 鞝勴櫂霅橃棃瓿�, 攴鸽摛鞚� 氤挫湢頃橂崢 36,495,520 韥措灅鞀� C 欤检嫕鞚� 旆唽霅橃棃鞀惦媹雼�. 鞚挫棎 霐半澕 Kimmeridge Energy Management Company, LLC電� Sitio鞚� 歃濌秾鞚� 雿� 鞚挫儊 鞁れ鞝侅溂搿� 氤挫湢頃橃 鞎婋姅雼�瓿� 氤搓碃頃橂┌ 鞚� 鞝滌稖鞚� 斓滌鞝侅澑 "膦呺" 靾橃爼鞙茧 觳橂Μ頃╇媹雼�.
Sitio Royalties Corp. a finalis茅 les Fusions d茅crites le 19 ao没t 2025, convertissant chaque action de Classe A en circulation en 0,4855 action ordinaire Classe A de la nouvelle soci茅t茅 m猫re et convertissant les unit茅s de partenariat en 0,4855 unit茅s Viper Opco plus 0,4855 actions de Classe B de la nouvelle soci茅t茅 m猫re. Les entit茅s Kimmeridge ont vu 36 495 520 unit茅s de partenariat converties en 17 718 574 unit茅s Viper Opco et 17 718 574 actions de Classe B de la nouvelle soci茅t茅 m猫re, et les 36 495 520 actions de Classe C qu'elles d茅tenaient ont 茅t茅 annul茅es. En cons茅quence, Kimmeridge Energy Management Company, LLC d茅clare ne plus d茅tenir aucun titre de Sitio et consid猫re cette d茅claration comme un amendement final de "sortie".
Die Sitio Royalties Corp. hat die beschriebenen Fusionen am 19. August 2025 abgeschlossen und jeweils jede ausstehende Klasse-A-Aktie in 0,4855 Stammaktien der neuen Muttergesellschaft Klasse A umgewandelt sowie die Partnerschaftseinheiten in 0,4855 Viper-Opco-Einheiten und 0,4855 neue Muttergesellschaft Klasse-B-Aktien. Die Kimmeridge-Gesellschaften hatten 36.495.520 Partnerschaftseinheiten, die in 17.718.574 Viper-Opco-Einheiten und 17.718.574 neue Muttergesellschaft Klasse-B-Aktien umgewandelt wurden, und die von ihnen gehaltenen 36.495.520 Klasse-C-Aktien wurden annulliert. Infolgedessen berichtet Kimmeridge Energy Management Company, LLC, dass sie keine Wertpapiere von Sitio mehr wirtschaftlich besitzt und behandelt diese Einreichung als endg眉ltige "Exit"-脛nderung.
- Mergers completed on August 19, 2025 with specified conversion ratios, confirming transaction closure
- Kimmeridge no longer beneficially owns any Sitio securities, documented as an "exit filing"
- Large block conversions: 36,495,520 Partnership Units converted into 17,718,574 Viper Opco units and 17,718,574 New Parent Class B shares
- Voting and Support Agreement terminated at the effective time of the OpCo Merger, removing previously agreed voting commitments
- 36,495,520 Class C shares held by Kimmeridge were cancelled, reducing the prior ownership stake and altering capital structure
Insights
TL;DR Kimmeridge exited its position after the Mergers; ownership converted and cancelled, removing a formerly significant holder from Sitio's cap table.
The filing documents a completed structural transaction that materially changed security holdings: conversion ratios of 0.4855 were applied to Class A and Partnership units and a large block of Class C shares was cancelled. For investors, the removal of Kimmeridge as a beneficial owner reduces a concentrated shareholder presence and ends the Voting and Support Agreement, which may alter future voting dynamics. No trading activity by Kimmeridge in the prior 60 days is reported beyond the merger effects.
TL;DR Governance changes are material: a terminating Voting and Support Agreement and cancellation of Class C shares reshape control rights.
The filing confirms that at the effective time of the OpCo Merger the Voting and Support Agreement terminated pursuant to its terms and significant Class C holdings were cancelled. These are governance-level outcomes that remove an aligned block from Sitio's pre-transaction governance structure. The precise implications depend on New Parent and OpCo capital structure, but the termination and cancellations are clear, documented outcomes in this amendment.
Sitio Royalties Corp. ha completato le Fusioni indicate il 19 agosto 2025, convertendo ogni azione di Classe A in essere in 0,4855 azioni ordinarie di Nuova Capogruppo Classe A e convertendo le Unit脿 di Partnership in 0,4855 unit脿 Viper Opco pi霉 0,4855 azioni Nuova Capogruppo Classe B. Le entit脿 Kimmeridge hanno visto convertire 36.495.520 Unit脿 di Partnership in 17.718.574 unit脿 Viper Opco e 17.718.574 azioni Nuova Capogruppo Classe B, e le 36.495.520 azioni di Classe C da loro detenute sono state cancellate. Di conseguenza, Kimmeridge Energy Management Company, LLC dichiara di non detenere pi霉 alcun titolo di Sitio e considera questa comunicazione come una modifica finale di "uscita".
Sitio Royalties Corp. complet贸 las Fusiones descritas el 19 de agosto de 2025, convirtiendo cada acci贸n Clase A en circulaci贸n en 0,4855 acciones ordinarias Clase A de la Nueva Matriz y convirtiendo las Unidades de la Sociedad en 0,4855 unidades de Viper Opco m谩s 0,4855 acciones Clase B de la Nueva Matriz. Las entidades Kimmeridge tuvieron 36.495.520 Unidades de la Sociedad convertidas en 17.718.574 unidades de Viper Opco y 17.718.574 acciones Clase B de la Nueva Matriz, y se cancelaron las 36.495.520 acciones Clase C que pose铆an. Como resultado, Kimmeridge Energy Management Company, LLC informa que ya no posee de forma beneficiosa ning煤n valor de Sitio y considera este registro como una enmienda final de "salida".
Sitio Royalties Corp.電� 2025雲� 8鞗� 19鞚�鞐� 旮办灛霅� 頃╇硲鞚� 鞕勲頄堨溂氅�, 氇摖 鞙犿喌 欷戩澑 韥措灅鞀� A 欤检嫕鞚� 鞁犾劋 氇殞靷� 韥措灅鞀� A 氤错喌欤� 0.4855欤茧 鞝勴櫂頃橁碃 韺岉姼雱堨嫮 鞙犽嫑鞚� Viper Opco 鞙犽嫑 0.4855欤� 氚� 鞁犾劋 氇殞靷� 韥措灅鞀� B 欤检嫕 0.4855欤茧 鞝勴櫂頄堨姷雼堧嫟. Kimmeridge 瓿勳棿靷姅 氤挫湢頃橂崢 36,495,520 韺岉姼雱堨嫮 鞙犽嫑鞚� 17,718,574 Viper Opco 鞙犽嫑 氚� 17,718,574 鞁犾劋 氇殞靷� 韥措灅鞀� B 欤检嫕鞙茧 鞝勴櫂霅橃棃瓿�, 攴鸽摛鞚� 氤挫湢頃橂崢 36,495,520 韥措灅鞀� C 欤检嫕鞚� 旆唽霅橃棃鞀惦媹雼�. 鞚挫棎 霐半澕 Kimmeridge Energy Management Company, LLC電� Sitio鞚� 歃濌秾鞚� 雿� 鞚挫儊 鞁れ鞝侅溂搿� 氤挫湢頃橃 鞎婋姅雼�瓿� 氤搓碃頃橂┌ 鞚� 鞝滌稖鞚� 斓滌鞝侅澑 "膦呺" 靾橃爼鞙茧 觳橂Μ頃╇媹雼�.
Sitio Royalties Corp. a finalis茅 les Fusions d茅crites le 19 ao没t 2025, convertissant chaque action de Classe A en circulation en 0,4855 action ordinaire Classe A de la nouvelle soci茅t茅 m猫re et convertissant les unit茅s de partenariat en 0,4855 unit茅s Viper Opco plus 0,4855 actions de Classe B de la nouvelle soci茅t茅 m猫re. Les entit茅s Kimmeridge ont vu 36 495 520 unit茅s de partenariat converties en 17 718 574 unit茅s Viper Opco et 17 718 574 actions de Classe B de la nouvelle soci茅t茅 m猫re, et les 36 495 520 actions de Classe C qu'elles d茅tenaient ont 茅t茅 annul茅es. En cons茅quence, Kimmeridge Energy Management Company, LLC d茅clare ne plus d茅tenir aucun titre de Sitio et consid猫re cette d茅claration comme un amendement final de "sortie".
Die Sitio Royalties Corp. hat die beschriebenen Fusionen am 19. August 2025 abgeschlossen und jeweils jede ausstehende Klasse-A-Aktie in 0,4855 Stammaktien der neuen Muttergesellschaft Klasse A umgewandelt sowie die Partnerschaftseinheiten in 0,4855 Viper-Opco-Einheiten und 0,4855 neue Muttergesellschaft Klasse-B-Aktien. Die Kimmeridge-Gesellschaften hatten 36.495.520 Partnerschaftseinheiten, die in 17.718.574 Viper-Opco-Einheiten und 17.718.574 neue Muttergesellschaft Klasse-B-Aktien umgewandelt wurden, und die von ihnen gehaltenen 36.495.520 Klasse-C-Aktien wurden annulliert. Infolgedessen berichtet Kimmeridge Energy Management Company, LLC, dass sie keine Wertpapiere von Sitio mehr wirtschaftlich besitzt und behandelt diese Einreichung als endg眉ltige "Exit"-脛nderung.
FAQ
What did Kimmeridge report in the Sitio (STR) Schedule 13D/A?
How were Sitio Class A shares converted in the transaction?
What happened to Kimmeridge's Partnership Units and Class C shares?
Does the filing report any recent trading activity by Kimmeridge in Sitio shares?
When did the Voting and Support Agreement terminate?
