Kimmeridge Energy Management Company, LLC - 19 Jul 2023 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role: 10%+ Owner
Signature: Kimmeridge Energy Management Company, LLC, /s/ Benjamin Dell, Managing Member
Issuer symbol: CIVI
Transactions as of: 19 Jul 2023
Net transactions value: -$232,401,488
Form type: 4
Filing time: 21 Jul 2023, 07:00:15 UTC
Previous filing: 03 Jan 2023
Next filing: 21 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIVI	Common Stock, par value $0.01 per share	Sale	$232,401,488	-3,296,475	-28%	$70.50	8,348,022	19 Jul 2023	See footnote	F1

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

Explanation of Responses:

Id	Content
F1	The securities to which this filing relates are held directly by Kimmeridge Chelsea, LLC (the "Kimmeridge Fund"). Kimmeridge Energy Management Company, LLC, a Delaware limited liability company (the "Reporting Person") acts as the investment adviser to the parent company of the Kimmeridge Fund. 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 are held directly by Kimmeridge Chelsea, LLC (the "Kimmeridge Fund"). Kimmeridge Energy Management Company, LLC, a Delaware limited liability company (the "Reporting Person") acts as the investment adviser to the parent company of the Kimmeridge Fund. 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.