Falcon Minerals Corp: management transactions · United States · SEC (Form 4)

About Falcon Minerals Corp

Falcon Minerals Corp. was a U.S.-based energy company that traded on the Nasdaq under FLMN and FLMNW before its merger with Desert Peak Minerals, after which the business was renamed Sitio Royalties Corp. in June 2022. For French-speaking investors in France, Belgium, and Switzerland, Falcon is best understood as a former publicly listed U.S. mineral-and-royalty platform rather than an ongoing standalone issuer under the Falcon name. The company was originally formed as a Delaware SPAC in June 2016 and later adopted the Falcon Minerals Corporation name following its 2018 business combination. Its corporate address was in Philadelphia, Pennsylvania, at 1845 Walnut Street, 10th Floor, confirming its U.S. base and its historical connection to the American public markets. Falcon’s business model centered on mineral interests and royalty interests in oil and natural gas properties, including non-participating royalty interests and overriding royalty interests. In practical terms, this means the company owned economic interests in hydrocarbon production without bearing the direct drilling and operating costs typically associated with an E&P company. That structure made Falcon a capital-light way to gain exposure to upstream energy cash flows, with revenues tied to production volumes and commodity prices, but with a materially different risk profile from an operator. SEC filings indicated that the company’s royalty portfolio was concentrated in the Eagle Ford Shale in Texas, one of the most established liquids-rich U.S. oil basins. From a competitive standpoint, Falcon operated in a niche but increasingly crowded segment of U.S. energy capital markets: mineral and royalty consolidation. Companies in this space compete on acreage quality, basin concentration, deal execution, and the ability to compound cash flow through acquisitions rather than drilling. Falcon’s historical backer, Blackstone through Royal Resources, gave the platform institutional credibility and access to transaction flow. The company’s strategic rationale was consistent with larger-scale royalty consolidation: build a portfolio of high-quality royalty acres, preserve balance-sheet flexibility, and return cash to shareholders through distributions or dividends where appropriate. The most important recent development was the January–June 2022 merger with Desert Peak Minerals. Falcon announced the transaction in January 2022, secured shareholder approval in June 2022, executed a reverse stock split, and then changed its name to Sitio Royalties Corp. That transaction effectively ended Falcon as a separate listed entity and created a larger consolidated royalty vehicle. For investors looking at insider Form 4 activity, the key point is that Falcon Minerals is a legacy name tied to a U.S. Nasdaq-listed energy royalty story, with its corporate history now embedded in Sitio Royalties’ post-merger platform.