Viper Energy adopts OpCo distribution reinvestment plan capped at 72.2M units; Diamondback affiliates opt in

Viper Energy, Inc.

Viper Energy and VNOM Holding Company LLC jointly adopted the OpCo DRIP on November 5, 2026; OpCo unit holders may reinvest cash distributions in newly issued units.
Each new OpCo Unit is paired with one share of Class B common stock (or an option increase); one OpCo Unit plus one Class B share exchanges into one Class A share.
Issue price equals the average closing price of Class A common stock (VNOM) over the five trading days before the distribution payment date.
Aggregate cap is 72,178,273 OpCo Units, about 19.99% of Class A and Class B shares outstanding on the November 5, 2026 plan effective date.
Diamondback Energy and affiliates holding OpCo Units, including Endeavor Energy Resources, L.P. and Diamondback E&P LLC, have elected to participate; issuance relies on Section 4(a)(2).

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