# EDGAR Filing Document

**Accession Number:** 0001703785
**File Stem:** 0000902664-23-000003
**Filing Date:** 2023-1
**Character Count:** 12549
**Document Hash:** 58a4e9e191d718c99cad302b88bc2e86
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-23-000003.hdr.sgml**: 20230103

**ACCESSION NUMBER**: 0000902664-23-000003

**CONFORMED SUBMISSION TYPE**: SC 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230103

**DATE AS OF CHANGE**: 20230103

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STR Sub Inc.
- **CENTRAL INDEX KEY:** 0001703785
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 820820780
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90055
- **FILM NUMBER:** 23502523

**BUSINESS ADDRESS:**
- **STREET 1:** 1401 LAWRENCE STREET
- **STREET 2:** SUITE 1750
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** (720) 640-7620

**MAIL ADDRESS:**
- **STREET 1:** 1401 LAWRENCE STREET
- **STREET 2:** SUITE 1750
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sitio Royalties Corp.
- **DATE OF NAME CHANGE:** 20220603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Falcon Minerals Corp
- **DATE OF NAME CHANGE:** 20180824

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Osprey Energy Acquisition Corp
- **DATE OF NAME CHANGE:** 20170413
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kimmeridge Energy Management Company, LLC
- **CENTRAL INDEX KEY:** 0001706220
- **IRS NUMBER:** 454106121
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 412 WEST 15TH STREET
- **STREET 2:** 11TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011
- **BUSINESS PHONE:** 646-517-7252

**MAIL ADDRESS:**
- **STREET 1:** 412 WEST 15TH STREET
- **STREET 2:** 11TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011

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| |
|:---|
| &nbsp;&nbsp;SECURITIES AND EXCHANGE COMMISSION |
| &nbsp;&nbsp;Washington, D.C. 20549 |
| &nbsp;&nbsp;SCHEDULE 13D/A |
| &nbsp;&nbsp;Under the Securities Exchange Act of 1934 |
| &nbsp;&nbsp;(Amendment No. 2)\* |
| &nbsp;&nbsp; Sitio Royalties Corp. |
| &nbsp;&nbsp;(Name of Issuer) |
| &nbsp;&nbsp; Class A Common Stock, par value $0.0001 per share |
| &nbsp;&nbsp;(Title of Class of Securities) |
| &nbsp;&nbsp; 82982V101 |
| &nbsp;&nbsp;(CUSIP Number) |
| &nbsp;&nbsp;Benjamin Dell |
| &nbsp;&nbsp;Kimmeridge Energy Management Company, LLC |
| &nbsp;&nbsp;412 West 15th Street - 11th Floor |
| &nbsp;&nbsp;New York, NY 10011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eleazer Klein, Esq. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adriana Schwartz, Esq. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schulte Roth & Zabel LLP |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919 Third Avenue |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York, NY 10022 |
| &nbsp;&nbsp; (212) 756-2000 |
| &nbsp;&nbsp;(Name, Address and Telephone Number of Person |
| &nbsp;&nbsp;Authorized to Receive Notices and Communications) |
| &nbsp;&nbsp; December 29, 2022 |
| &nbsp;&nbsp;(Date of Event Which Requires Filing of This Statement) |

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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ]

(Page 1 of 5 Pages)

______________________________

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("<u>Act</u>") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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| | | |
|:---|:---|:---|
| **CUSIP No.** **82982V101** | **SCHEDULE 13D/A** | **Page 2 of 5 Pages** |

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| | | | |
|:---|:---|:---|:---|
| **1** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NAME OF REPORTING PERSON<br> Kimmeridge Energy Management Company, LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NAME OF REPORTING PERSON<br> Kimmeridge Energy Management Company, LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NAME OF REPORTING PERSON<br> Kimmeridge Energy Management Company, LLC |
| **2** | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | &nbsp;&nbsp; (a) ◻<br> (b) ◻ |
| **3** | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| **4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOURCE OF FUNDS<br> OO (See Item 3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOURCE OF FUNDS<br> OO (See Item 3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOURCE OF FUNDS<br> OO (See Item 3) |
| **5** | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | &nbsp;&nbsp;◻ |
| **6** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Delaware |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **7** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOLE VOTING POWER<br> 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOLE VOTING POWER<br> 0 |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **8** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHARED VOTING POWER<br> 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHARED VOTING POWER<br> 0 |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **9** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOLE DISPOSITIVE POWER<br> 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOLE DISPOSITIVE POWER<br> 0 |
| &nbsp;&nbsp;NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | **10** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHARED DISPOSITIVE POWER<br> 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHARED DISPOSITIVE POWER<br> 0 |
| **11** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 0 |
| **12** | &nbsp;&nbsp;CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | &nbsp;&nbsp;CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | &nbsp;&nbsp;◻ |
| **13** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br> 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br> 0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br> 0% |
| **14** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TYPE OF REPORTING PERSON<br> OO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TYPE OF REPORTING PERSON<br> OO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TYPE OF REPORTING PERSON<br> OO |

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|:---|:---|:---|
| **CUSIP No.** **82982V101** | **SCHEDULE 13D/A** | **Page 3 of 5 Pages** |

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The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned (the "<u>Amendment No. 2</u>"). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.

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| | |
|:---|:---|
| &nbsp;&nbsp;**Item 4.** | &nbsp;&nbsp;**PURPOSE OF TRANSACTION** |
| &nbsp;&nbsp;Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: | &nbsp;&nbsp;Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: |
|  | &nbsp;&nbsp;Pursuant to the Merger Agreement, on December 29, 2022, each share of Class C Common Stock of the Issuer held by the Reporting Person were converted into the right to receive from New Parent one share of New Parent Class C Common Stock, as disclosed in the Current Report on Form 8-K filed by the Issuer with the SEC on December 2022 (the "<u>Merger 8-K</u>"). As a result of the foregoing, as of December 29, 2022, the Reporting Person no longer beneficially owns any shares of Class A Common Stock. |
|  | &nbsp;&nbsp;On December 29, 2022, the Reporting Persons also entered into an Assignment, Assumption and Amendment Agreement of Director Designation Agreement with the Issuer, Sitio Royalties Corp. (f/k/a Snapper Merger Sub I, Inc.), a Delaware corporation (the "<u>New Sitio</u>"), and each of the Principal Stockholders set forth on the signature page attached thereto (the "<u>AAA of the Director Designation Agreement</u>"), which amends the Director Designation Agreement, dated January 11, 2022, by and between the Issuer and the Principal Stockholders as set forth therein. Pursuant to the AAA of the Director Designation Agreement in connection with the transactions contemplated by the Merger Agreement, the Issuer assigned all of its right, title and interest in the Director Designation Agreement to New Sitio and New Sitio accepted such assignment. |
|  | &nbsp;&nbsp;The foregoing summaries of the transactions that were consummated pursuant to the Merger Agreement and the AAA of the Director Designation Agreement do not purport to be complete and are qualified in their entireties by, the full texts of the Merger 8-K and the AAA of the Director Designation Agreement which is attached to the Current Report on Form 8-K filed by New Sitio with the SEC on December 29, 2022 as Exhibit 10.3, and is incorporated herein by reference as <u>Exhibit G</u>. |

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| **CUSIP No.** **82982V101** | **SCHEDULE 13D/A** | **Page 4 of 5 Pages** |

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| &nbsp;&nbsp;**Item 5.** | &nbsp;&nbsp;**INTEREST IN SECURITIES OF THE ISSUER** |
| &nbsp;&nbsp;Item 5(a)-(c), (e) of the Schedule 13D is hereby amended and restated in its entirety as follows: | &nbsp;&nbsp;Item 5(a)-(c), (e) of the Schedule 13D is hereby amended and restated in its entirety as follows: |
| &nbsp;&nbsp;(a) | &nbsp;&nbsp;See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of shares of Class A Common Stock and percentages of the shares of Class A Common Stock beneficially owned by the Reporting Person. |
| &nbsp;&nbsp;(b) | &nbsp;&nbsp;See rows (7) through (10) of the cover page to this Schedule 13D for the number of shares of Class A Common Stock as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. |
| &nbsp;&nbsp;(c) | &nbsp;&nbsp;None. |
| &nbsp;&nbsp;(e) | &nbsp;&nbsp;December 29, 2022. |

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|:---|:---|
| &nbsp;&nbsp;**Item 7.** | &nbsp;&nbsp;**MATERIAL TO BE FILED AS EXHIBITS** |
| &nbsp;&nbsp;Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following: | &nbsp;&nbsp;Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following: |
| &nbsp;&nbsp;Exhibit G | &nbsp;&nbsp;Assignment, Assumption and Amendment of Director Designation Agreement (incorporated by reference to Exhibit 10.3 to New Sitio's Current Report on Form 8-K filed on December 29, 2022). |

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|:---|:---|:---|
| **CUSIP No.** **82982V101** | **SCHEDULE 13D/A** | **Page 5 of 5 Pages** |

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**SIGNATURES**

After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: January 3, 2023

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| | |
|:---|:---|
| &nbsp;&nbsp;**KIMMERIDGE ENERGY MANAGEMENT COMPANY, LLC** | &nbsp;&nbsp;**KIMMERIDGE ENERGY MANAGEMENT COMPANY, LLC** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/Tamar Goldstein |
| &nbsp;&nbsp;Name: | &nbsp;&nbsp;Tamar Goldstein |
| &nbsp;&nbsp;Title: | &nbsp;&nbsp;General Counsel |

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