Kimmeridge Energy Management Company, LLC - Jun 1, 2022 Form 4 Insider Report for Callon Petroleum Co (CPE)

Role: 10%+ Owner
Signature: Kimmeridge Energy Management Company, LLC, By: /s/ Tamar Goldstein, General Counsel
Stock symbol: CPE
Transactions as of: Jun 1, 2022
Transactions value $: -$368,225,000
Form type: 4
Date filed: 6/3/2022, 04:15 PM
Previous filing: Nov 5, 2021
Next filing: Jun 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPE	Common stock, par value $0.01 per share	Sale	-$368M	-6.5M	-55.55%	$56.65	5.2M	Jun 1, 2022	See Footnote	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kimmeridge Energy Management Company, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The securities to which this filing relates to are held directly by, and managed on behalf of, Chambers Investments, LLC, a Delaware limited liability company ("Chambers"). Kimmeridge Energy Management Company, LLC, a Delaware limited liability company, (the "Reporting Person"), is the investment adviser to the parent company of Chambers. In such capacity, the Reporting Person exercises voting and investment control over the securities held by Chambers. The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.

Content

The securities to which this filing relates to are held directly by, and managed on behalf of, Chambers Investments, LLC, a Delaware limited liability company ("Chambers"). Kimmeridge Energy Management Company, LLC, a Delaware limited liability company, (the "Reporting Person"), is the investment adviser to the parent company of Chambers. In such capacity, the Reporting Person exercises voting and investment control over the securities held by Chambers. The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.