# EDGAR Filing Document

**Accession Number:** 0001949543
**File Stem:** 0000902664-25-002628
**Filing Date:** 2025-6
**Character Count:** 11796
**Document Hash:** 5d46f5f305b1f149e74a76f196a62173
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-25-002628.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0000902664-25-002628

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sitio Royalties Corp.
- **CENTRAL INDEX KEY:** 0001949543
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 884140242
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93856
- **FILM NUMBER:** 251023275

**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:** Snapper Merger Sub I, Inc.
- **DATE OF NAME CHANGE:** 20221004
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kimmeridge Energy Management Company, LLC
- **CENTRAL INDEX KEY:** 0001706220

**ORGANIZATION NAME:**
- **EIN:** 454106121
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 15 LITTLE WEST 12TH STREET
- **STREET 2:** 4TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10014
- **BUSINESS PHONE:** 646-517-7252

**MAIL ADDRESS:**
- **STREET 1:** 15 LITTLE WEST 12TH STREET
- **STREET 2:** 4TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10014

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Sitio Royalties Corp.**

*(Name of Issuer)*

**Class A common stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**82983N108**

*(CUSIP Number)*

**Benjamin Dell**<br>Kimmeridge Energy Management Company, LL<br>15 Little West 12th Street, 4th Floor<br>New York NY 10014<br>646-424-4317

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/02/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **82983N108** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Kimmeridge Energy Management Company, LLC** | Name of reporting person<br>**Kimmeridge Energy Management Company, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**36495520.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**36495520.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**36495520.00** | Aggregate amount beneficially owned by each reporting person<br>**36495520.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**32.0%** | Percent of class represented by amount in Row (11)<br>**32.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Consists of shares of Class C common stock, par value $0.0001 per share, of Sitio Royalties Corp. (the "Issuer" and such stock, "Class C Common Stock"), which together with a corresponding number of common units representing limited partner interests of Sitio Royalties Operating Partnership, LP ("Sitio OpCo,"and such units, the "Partnership Units"), may together be redeemed for shares of Class A common stock, par value $0.0001 per share of the Issuer ("Class A Common Stock" and, together with Class C Common Stock, "Common Stock"), on a one-for-one basis pursuant to the Issuer's organizational documents and the Amendment to Second Amended and Restated Agreement of Limited Partnership of the Sitio OpCo.

Percentage ownership calculated based on the sum of (i) 77,445,764 shares of Class A Common Stock outstanding as of June 2, 2025, as set forth in the Merger Agreement (as defined below) and (ii) the 36,495,520 shares of Class A Common Stock issuable upon redemption of the Partnership Units and corresponding shares of Class C Common Stock (including those underlying the Allocation Rights) owned by the Reporting Person, which shares have been added to the total shares of Class A Common Stock outstanding pursuant to Rule 13d-3(d)(3)(1)(i) under the Act.

The Reporting Person's Class C Common Stock represents 24.2% of the voting power of the Issuer's Common Stock.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A common stock, par value $0.0001 per share

**(b) Name of Issuer:**
Sitio Royalties Corp.

**(c) Address of Issuer's Principal Executive Offices:**
1401 LAWRENCE STREET, SUITE 1750, DENVER, CO, 80202

**Item 4. Purpose of Transaction**

On June 2, 2025, the Issuer and Sitio OpCo, entered into an Agreement and Plan of Merger (the "Merger Agreement") with Viper Energy, Inc., a Delaware corporation ("Viper"), Viper Energy Partners LLC, a Delaware limited liability company ("Viper Opco"), New Cobra Pubco, Inc., a Delaware corporation and a wholly owned subsidiary of Viper ("New Parent"), Cobra Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of New Parent ("Viper Merger Sub"), and Scorpion Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of New Parent ("Sitio Merger Sub"). Pursuant to the terms of the Merger Agreement, Viper will acquire the Issuer in an all-equity transaction through: (i) the merger (the "Viper Pubco Merger") of Viper Merger Sub with and into Viper, with Viper continuing as the surviving corporation and a wholly owned subsidiary of New Parent, (ii) the merger of Sitio Merger Sub with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of New Parent (the "Sitio Pubco Merger" and, together with the Viper Pubco Merger, the "Pubco Mergers"), and (iii) the merger of Sitio Opco with and into Viper Opco, with Viper Opco continuing as the surviving entity (the "Opco Merger" and, together with the Viper Pubco Merger and the Sitio Pubco Merger, the "Mergers"). The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement which is attached as Exhibit 2.1 to the Current Report on Form 8-K filed by the Issuer with the Securities and Exchange Commission on June 3, 2025, and is incorporated herein by reference.

In connection with the Merger Agreement, on June 2, 2025, the Kimmeridge Companies entered into a Voting and Support Agreement (the "Voting and Support Agreement"), with the Issuer and Viper, pursuant to which the Kimmeridge Companies have agreed to, until the Voting and Support Agreement terminates in accordance with its terms (the "Lock-Up Period"),  vote their shares of Class C Common Stock and Partnership Units, as applicable, in favor of the matters to be voted upon in connection with the Mergers, subject to the terms and conditions set forth in the Voting and Support Agreement.  In addition, during the Lock-Up Period, subject to the terms and conditions set forth in the Voting and Support Agreement, the Kimmeridge Companies shall not transfer their shares of Class C Common Stock or Partnership Units, subject to certain customary exceptions.

The Voting and Support Agreement will terminate the earliest of (i) the date the Merger Agreement is validly terminated in accordance with its terms, (ii) the Opco Merger Effective Time (as defined in the Merger Agreement),  (iii) the date of any amendment to the Merger Agreement without the prior written consent of the Kimmeridge Companies that (A) reduces the consideration payable in the Sitio Pubco Merger or the Opco Merger, on a per share of Company Common Stock or per Opco LP Unit basis, (B) changes the form of consideration payable in the in the Sitio Pubco Merger or the Opco Merger to the holders of Company Common Stock or Opco LP Units, or (C) extends the outside date under the Merger Agreement (except if such extension is explicitly provided for in, and effected pursuant to, the Merger Agreement), (iv) both the Company Stockholder Approval and the Scorpion Opco Written Consent (each as defined in the Merger Agreement) are obtained, (v) mutual consent of Viper, the Kimmeridge Companies and the Issuer, and (vi) the occurrence of a Company Change of Recommendation (as defined in the Merger Agreement) in compliance with the terms of the Merger Agreement that relates to a Company Superior Proposal or Parent Majority Stockholder Change of Control (each as defined in the Merger Agreement).

The foregoing description of the Voting and Support Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Voting and Support Agreement which is attached hereto as Exhibit 99.8 and is incorporated herein by reference.

**Item 5. Interest in Securities of the Issuer**

**(a)**
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.  The percentages used in this Schedule 13D are calculated based upon 113,941,284 shares of Class A Common Stock outstanding, which is the sum of (i) 77,445,764 shares of Class A Common Stock outstanding as of June 2, 2025, as provided for in the Merger Agreement and (ii) the 36,495,520 shares of Class A Common Stock issuable upon redemption of the Partnership Units and corresponding shares of Class C Common Stock (including those underlying the Allocation Rights) owned by the Reporting Person, which shares have been added to the total shares of Class A Common Stock outstanding pursuant to Rule 13d-3(d)(3)(1)(i) under the Act.

**(b)**
—

**(c)**
—

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 4 of this Amendment No. 1 is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Kimmeridge Energy Management Company, LLC

**Signature:** /s/ Tamar Goldstein

**Name/Title:** Tamar Goldstein, General Counsel

**Date:** 06/04/2025