Viper Energy launches reinvestment plan for unregistered OpCo units, Class B shares
VNOM•Viper Energy adopted a distribution reinvestment plan on November 5, 2026, allowing eligible holders to reinvest cash distributions in unregistered OpCo Units. Issuance is capped at 72,178,273 units, approximately 19.99% of Class A and Class B common stock outstanding at adoption.
1. Plan terms
The plan prices units using the average Class A closing price over the five consecutive trading days before each distribution payment. Each unit comes with matching Class B common stock or option rights, and one unit-share pair can be exchanged for one Class A share. Diamondback Energy, its affiliates and certain other holders elected to participate; the securities will be issued under the Section 4(a)(2) registration exemption.
