# EDGAR Filing Document

**Accession Number:** 0001342932
**File Stem:** 0000899243-23-000248
**Filing Date:** 2023-1
**Character Count:** 8565
**Document Hash:** 33af614bbad9293565d50c8199822784
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899243-23-000248.hdr.sgml**: 20230103

**ACCESSION NUMBER**: 0000899243-23-000248

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221229

**FILED AS OF DATE**: 20230103

**DATE AS OF CHANGE**: 20230103

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** SULT JOHN R
- **CENTRAL INDEX KEY:** 0001342932

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38870
- **FILM NUMBER:** 23502583

**MAIL ADDRESS:**
- **STREET 1:** 1001 LOUISIANA STREET
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77002
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brigham Minerals, Inc.
- **CENTRAL INDEX KEY:** 0001745797
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 831106283
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 5914 W. COURTYARD DRIVE
- **STREET 2:** SUITE 200
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78730
- **BUSINESS PHONE:** (512) 220-6350

**MAIL ADDRESS:**
- **STREET 1:** 5914 W. COURTYARD DRIVE
- **STREET 2:** SUITE 200
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78730

## Exhibit 99.1

```
<PRE>
                                                                   Exhibit 99.1

Name and Address of Reporting Person:       John R. Sult
                                            5914 W. Courtyard Drive
                                            Suite 200
                                            Austin, TX 78730

Issuer Name and Ticker or Trading Symbol:   Brigham Minerals, Inc. [MNRL]

Date of Earliest Transaction Required
to be Reported (Month/Day/Year):            December 29, 2022

                             Explanation of Responses

1. On December 29, 2022 (the "Closing Date"), pursuant to the Agreement and
   Plan of Merger, dated as of September 6, 2022 (as amended from time to time,
   the "Merger Agreement"), by and among the Issuer, Brigham Minerals Holdings,
   LLC ("Opco LLC"), STR Sub Inc. (f/k/a Sitio Royalties Corp., "Old Sitio"),
   Sitio Royalties Operating Partnership, LP ("Opco LP"), Sitio Royalties Corp.
   (f/k/a Snapper Merger Sub I, Inc., "New Sitio"), Snapper Merger Sub IV, Inc.
   ("Brigham Merger Sub"), Snapper Merger Sub V, Inc. ("Sitio Merger Sub") and
   Snapper Merger Sub II, LLC, New Sitio acquired the Issuer in an all-stock
   transaction through: (i) the merger of Brigham Merger Sub with and into the
   Issuer (the "Brigham Merger"), with the Issuer surviving as a wholly owned
   subsidiary of New Sitio, (ii) the merger of Sitio Merger Sub with and into
   Old Sitio (the "Sitio Merger"), with Old Sitio surviving as a wholly owned
   subsidiary of New Sitio, and (iii) the merger of Opco Merger Sub LLC with
   and into Opco LLC (the "Opco Merger," and, together with the Brigham Merger
   and the Sitio Merger, the "Mergers"), with Opco LLC surviving as a wholly
   owned subsidiary of Opco LP, in each case on the terms set forth in the
   Merger Agreement.

2. Pursuant to the Merger Agreement, at the effective time of the Brigham
   Merger (the "First Effective Time"), each share of Class A common stock, par
   value $0.01 per share, of the Issuer (the "Class A Common Stock"), issued
   and outstanding immediately prior to the First Effective Time was converted
   into the right to receive 1.133 fully-paid and nonassessable shares of Class
   A common stock, par value $0.0001 per share, of New Sitio (the "New Sitio
   Class A Common Stock"). The total reported in this row also includes each
   outstanding award of time-based restricted stock units (each, an "RSU
   Award") of the Issuer, each of which vested in full immediately prior to the
   First Effective Time and the shares subject to such RSU Award were treated
   as shares of the Issuer's Class A Common Stock for purposes of the Merger
   Agreement, which means that such shares were converted into the right to
   receive 1.133 shares of New Sitio Class A Common Stock. On December 28, 2022
   (the day prior to the Closing Date), the closing price of one share of the
   Issuer's Class A Common Stock was $32.50.

</PRE>
```

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[x] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>SULT JOHN R<br><sub>(Last) (First) (Middle)</sub><br>5914 W. COURTYARD DRIVE SUITE 200<br><sub>(Street)</sub><br>AUSTIN, TX 78730<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-29 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Brigham Minerals, Inc. [ MNRL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2022-12-29 |  | D |  | 56796 | D | <sup>(1)(2)</sup> | 0 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) See Exhibit 99.1

(2) See Exhibit 99.1

**Remarks:**
See attached for Exhibit 99.1 - Explanation of Responses

**Signature:** /s/ John R. Sult  
**Date:** 2023-01-03

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**