On June 7, 2022 (the “ Closing Date”), Sitio Royalties Corp. (Company), consummated the previously announced merger transactions contemplated by the Agreement and Plan of Merger, dated as of January 11, 2022 (Merger Agreement), by and among the company, Sitio Royalties Operating Partnership, LP(Sitio OpCo), Ferrari Merger Sub A LLC (Merger Sub), and DPM HoldCo, LLC (Desert Peak), pursuant to which Merger Sub merged with and into Desert Peak (the “ Merger”), with Desert Peak continuing as the surviving entity in the Merger as a wholly owned subsidiary of Sitio OpCo. The transactions contemplated by the Merger Agreement are referred to herein as the “ Merger Transactions.” Effective as of the Closing Date, in connection with the Merger Transactions Bryan C. Gunderson resigned as Chief Executive Officer.

Christopher L Conoscenti appointed as Chief Executive Officer of the company.