Bevin Brown - Apr 3, 2023 Form 4 Insider Report for Crescent Energy Co (CRGY)

Role: Director
Signature: /s/ Bo Shi, as attorney-in-fact for Bevin Brown
Stock symbol: CRGY
Transactions as of: Apr 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/5/2023, 05:33 PM
Previous filing: Apr 5, 2022
Next filing: Dec 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRGY	Class A Common Stock	Award	$0	+11.4K	+125.16%	$0.00	20.6K	Apr 3, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The shares of Crescent Energy Company (the "Issuer") Class A common stock ("Common Stock") reported are restricted stock units ("RSUs") granted to the reporting person pursuant to the Crescent Energy Company 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on April 1, 2024, subject to the reporting person's continuous service through such date.
F2	The reporting person serves on the Board of Directors of the Issuer as a nominee of PT Independence Energy Holdings LLC ("PT Independence") and is an officer of, and an employee of an affiliate of, Liberty Energy Holdings, LLC ("Liberty"), a member of PT Independence. The reporting person has agreed that she will not receive any separate compensation for serving as a director of the Issuer and will transfer to Liberty any director compensation she receives from the Issuer, including any Common Stock received in settlement of the RSUs. The reporting person disclaims beneficial ownership of such RSUs, except to the extent of her pecuniary interests therein.

Content

The shares of Crescent Energy Company (the "Issuer") Class A common stock ("Common Stock") reported are restricted stock units ("RSUs") granted to the reporting person pursuant to the Crescent Energy Company 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on April 1, 2024, subject to the reporting person's continuous service through such date.

The reporting person serves on the Board of Directors of the Issuer as a nominee of PT Independence Energy Holdings LLC ("PT Independence") and is an officer of, and an employee of an affiliate of, Liberty Energy Holdings, LLC ("Liberty"), a member of PT Independence. The reporting person has agreed that she will not receive any separate compensation for serving as a director of the Issuer and will transfer to Liberty any director compensation she receives from the Issuer, including any Common Stock received in settlement of the RSUs. The reporting person disclaims beneficial ownership of such RSUs, except to the extent of her pecuniary interests therein.