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Filing Details

Accession Number:: 0000899243-22-031157
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-09-15 16:42:15
Reporting Period:: 2022-09-13

Accepted Time:: 2022-09-15 16:42:15
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1866175	Crescent Energy Co	CRGY	Finance Services (6199)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1386926	Kkr Financial Holdings Llc	30 Hudson Yards New York NY 10001	No	No	Yes	No
1746582	Kkr Upstream Associates Llc	30 Hudson Yards New York NY 10001	No	No	Yes	No
1868340	L.p. Aggregator Energy Independence	600 Travis Street, Suite 7200 Houston TX 77002	No	No	Yes	No
1868377	Independence Energy Aggregator Gp Llc	600 Travis Street, Suite 7200 Houston TX 77002	No	No	Yes	No
1868421	Kkr Group Assets Iii Gp Llc	30 Hudson Yards New York NY 10001	No	No	Yes	No
1868946	L.p. Iii Holdings Assets Group Kkr	30 Hudson Yards New York NY 10001	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class B Common Stock	Disposition	2022-09-13	6,322,354	$0.00	81,831,695	No	4	J	Indirect	See footnotes
Class A Common Stock	Acquisiton	2022-09-13	6,322,354	$0.00	6,322,354	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2022-09-13	5,750,000	$14.10	572,354	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See footnotes
No	4	C	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Crescent Energy OpCo LLC Units	Disposition	2022-09-13	6,322,354	$0.00	6,322,354	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
81,831,695			No	4	C	Indirect

Footnotes

Shares of Class B Common Stock of Crescent Energy Company (the "Issuer") have no economic rights but entitle its holder to one vote per share of Class B Common Stock on all matters to be voted on by shareholders generally.
This amount represents the $15.00 secondary price per share of Class A Common Stock of the Issuer less the underwriting discount of $0.90 per share for shares sold by Independence Energy Aggregator L.P. in connection with an underwritten public offering.
Reflects securities held by Independence Energy Aggregator L.P. Independence Energy Aggregator GP LLC is the general partner of Independence Energy Aggregator L.P. KKR Upstream Associates LLC is the sole member of Independence Energy Aggregator GP LLC. KKR Group Assets Holdings III L.P. and KKR Financial Holdings LLC are the controlling members of KKR Upstream Associates LLC. KKR Group Assets III GP LLC is the general partner of KKR Group Assets Holdings III L.P. KKR Group Partnership L.P. is the sole member of each of KKR Group Assets III GP LLC and KKR Financial Holdings LLC. KKR Group Holdings Corp. is the general partner of KKR Group Partnership L.P. KKR Group Co. Inc. is the sole shareholder of KKR Group Holdings Corp. KKR & Co. Inc. is the sole shareholder of KKR Group Co. Inc. KKR Management LLP is the Series I preferred stockholder of KKR & Co. Inc. Henry R. Kravis and George R. Roberts are the founding partners of KKR Management LLP.
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, subject to conversion rate adjustments for any equity split, equity distribution, reclassification or other similar transaction, or (b) an equivalent amount of cash based on the trading price of a share of Class A Common Stock of the Issuer on the trading day that is immediately prior to the date of the redemption. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of the Class B Common Stock will be cancelled.
(Continued from Footnote 5) The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.