---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-062167"
form_type: "8-K"
ticker: null
cik: "0001602065"
company_name: "VNOM Sub, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:34:05.662213+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Viper Energy prices secondary offering of 11.5M shares at $35; Diamondback ownership to drop below 50%

## Summary
- Diamondback selling 11.5M VNOM shares at $35; gross proceeds ~$402.5M.
- Underwriters have 30-day option to purchase up to 1.725M additional shares.
- Viper gets no proceeds; offering closes March 8, 2024.
- Diamondback ownership will drop to ~49%; Viper ceases to be a Nasdaq-controlled company.
- Board forms Compensation and Nominating Committees with independent directors to comply.

## SEC filing metadata
- accession: 0001193125-24-062167
- form_type: 8-K
- cik: 0001602065
- company_name: VNOM Sub, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1602065/000119312524062167/0001193125-24-062167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1602065/000119312524062167/d807353d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-062167
- JSON: https://secwatch.observer/filing/0001193125-24-062167.json
- Plain text: https://secwatch.observer/filing/0001193125-24-062167.txt

## Key facts
- Material Agreements
  VNOM Sub, Inc. entered into Underwriting Agreement with Diamondback Energy, Inc. and J.P. Morgan Securities LLC, as representative of the several underwriters valued at $35.00 per share (effective 2024-03-05).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Diamondback Energy, Inc. and J.P. Morgan Securities LLC, as representative of the several underwriters
  - Value: $35.00 per share
  - Effective: 2024-03-05
  source text: On March 5, 2024, Viper Energy, Inc. (“Viper”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Diamondback Energy, Inc. (“Diamondback” or the “Selling Stockholder”) and J.P. Morgan Securities LLC, as representative of the several underwriters named therein (the “Underwriters”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1602065/000119312524062167/0001193125-24-062167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.