Viper Energy completes merger with Sitio Royalties; shares convert at 0.4855:1

VNOM Sub, Inc.

Merger closed Aug 19, 2025; Sitio shareholders get 0.4855 New Viper Class A shares per Sitio share.
Former Viper Class A and B shares convert 1:1 into New Viper Class A and B shares, respectively.
New Viper (f/k/a New Cobra Pubco, Inc.) becomes successor issuer; ticker VNOM unchanged.
Former Viper renamed VNOM Sub, Inc.; directors West, Argo, Armour, Hu, Perry, Rubin, Stice depart.
Austen Gilfillian and Matt Zmigrosky appointed to Former Viper board; Van't Hof remains.

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