On June 7, 2022 (the “ Closing Date”), Sitio Royalties Corp., a Delaware corporation (formerly known as Falcon Minerals Corporation) (the “ Company”), consummated the previously announced merger transactions contemplated by the Agreement and Plan of Merger, dated as of January 11, 2022 (the “ Merger Agreement”), by and among the Company, Sitio Royalties Operating Partnership, LP, a Delaware limited partnership (formerly known as Falcon Minerals Operating Partnership, LP) (“ Sitio OpCo”), Ferrari Merger Sub A LLC, a Delaware limited liability company (“ Merger Sub”), and DPM HoldCo, LLC, a Delaware limited liability company (“ 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 Matthew B. Ockwood resigned as the Chief Financial Officer.