Britton L. James - Jun 6, 2025 Form 4 Insider Report for Sitio Royalties Corp. (STR)

Signature
/s/ Britton L. James, by Brett S. Riesenfeld as Attorney-in-Fact
Stock symbol
STR
Transactions as of
Jun 6, 2025
Transactions value $
-$32,439
Form type
4
Date filed
6/10/2025, 05:42 PM
Previous filing
Mar 3, 2025
Next filing
Jun 13, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
James Britton L. Executive Vice President of Land 1401 LAWRENCE STREET, SUITE 1750, DENVER /s/ Britton L. James, by Brett S. Riesenfeld as Attorney-in-Fact 2025-06-10 0001891757

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STR Class C Common Stock Tax liability -3.83K -9.45% 36.7K Jun 6, 2025 Direct F1, F2, F3
transaction STR Class A Common Stock Tax liability -$32.4K -1.63K -1.86% $19.95 85.8K Jun 7, 2025 Direct F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STR Sitio Royalties Operating Partnership, LP Units Tax liability -3.83K -9.45% 36.7K Jun 6, 2025 Class A Common Stock 3.83K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class C Common Stock has no economic rights but entitles its holder to one vote on all matters to be voted on by shareholders generally. The terms of the Second Amended and Restated Agreement of Limited Partnership of Sitio Royalties Operating Partnership, LP (the "Partnership"), as amended, provide that, subject to certain restrictions contained therein, each holder of common units representing limited partnership interests in the Partnership ("OpCo Units") (other than Sitio Royalties Corp. (the "Issuer")) generally has the right to cause the Partnership to redeem all or a portion of its OpCo Units (the "Redemption Right") in exchange for shares of Class A Common Stock of the Issuer on a one-for-one basis or, at the Partnership's election, an equivalent amount of cash.
F2 (Continued from Footnote 1) In connection with any redemption of OpCo Units pursuant to the Redemption Right, the corresponding number of shares of the Class C Common Stock will be cancelled. The OpCo Units and the right to exercise the Redemption Right have no expiration date.
F3 The OpCo Units listed in Table II were forfeited and a corresponding number of shares of Class C Common Stock listed in Table I were cancelled to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting of a portion of the Class C Common Stock held by the Reporting Person.
F4 These shares were withheld by the Issuer to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting of one-third of an award of restricted stock units on June 7, 2025.
F5 Represents the closing price of the Issuer's Class A Common Stock on June 6, 2025, the trading date immediately preceding the date of the tax withholding.

Remarks:

Executive Vice President of Land