Kimmeridge Energy Management Company, LLC - 20 Aug 2021 Form 4 Insider Report for Callon Petroleum Co

Role: 10%+ Owner
Signature: Kimmeridge Energy Management Company, LLC /s/ Benjamin Dell, Managing Member
Issuer symbol: N/A
Transactions as of: 20 Aug 2021
Net transactions value: +$16,413,722
Form type: 4
Filing time: 24 Aug 2021, 16:06:08 UTC
Next filing: 06 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPE	Common Stock	Purchase	$5,275,291	+201,891	+3.6%	$26.13	5,787,545	20 Aug 2021	See Footnotes	F1, F2
transaction	CPE	Common Stock	Purchase	$6,674,455	+248,109	+4.3%	$26.90	6,035,654	20 Aug 2021	See Footnotes	F1, F3
transaction	CPE	Common Stock	Purchase	$4,463,976	+152,503	+2.5%	$29.27	6,188,157	23 Aug 2021	See Footnotes	F1, F4

* 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 to are held directly by, and managed on behalf of, Chambers Investments, LLC. Kimmeridge Energy Management Company, LLC (the "Reporting Person"), a Delaware limited liability company, is the investment adviser to Chamber Investments, LLC. In such capacity, the Reporting Person exercises voting and investment control over the securities held by Chambers Investments, LLC. 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.
F2	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.38 to $26.375, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.
F3	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $26.38 to $27.015, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.
F4	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.71 to $29.59, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.