Independence Energy Aggregator L.P. - 04 Apr 2025 Form 4 Insider Report for Crescent Energy Co (CRGY)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
08 Apr 2025, 17:08:15 UTC
Prior SEC filing
11 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
INDEPENDENCE ENERGY AGGREGATOR L.P., By: Independence Energy Aggregator GP LLC, its general partner, By: /s/ Christopher Lee, Name: Christopher Lee, Title: Assistant Secretary

Key filing fact

Independence Energy Aggregator L.P. filed Form 4 for Crescent Energy Co (CRGY) on 08 Apr 2025.

Key facts

  • This page summarizes Independence Energy Aggregator L.P.'s Form 4 filing for Crescent Energy Co (CRGY).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 08 Apr 2025, 17:08.

Change

  • Previous filing in this sequence was filed on 11 Mar 2025.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CRGY transaction

Class B Common Stock

Other

Transaction value
$0
Shares
-26,185,773
Change %
-100%
Price
$0.000000
Shares after
0
Date
04 Apr 2025
Ownership
See footnotes
Footnotes
F1, F2, F4, F5, F6
CRGY transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+26,185,773
Change %
Price
$0.000000
Shares after
26,185,773
Date
04 Apr 2025
Ownership
See footnotes
Footnotes
F2, F4, F5, F6
CRGY holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
572,354
Date
04 Apr 2025
Ownership
See footnotes
Footnotes
F3, F4, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CRGY transaction Derivative

Crescent Energy OpCo LLC Units

Conversion of derivative security

Transaction value
$0
Shares
-26,185,773
Change %
-100%
Price
$0.000000
Shares after
0
Date
04 Apr 2025
Ownership
See footnotes
Underlying class
Class A Common Stock
Underlying amount
26,185,773
Exercise price
Footnotes
F2, F4, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

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.

Footnote F2

Reflects securities held directly by Independence Energy Aggregator L.P. ("IE Aggregator"). Independence Energy Aggregator GP LLC is the general partner of IE Aggregator. KKR Upstream Associates LLC is the sole member of Independence Energy Aggregator GP LLC.

Footnote F3

Reflects securities held directly by KKR Upstream Associates LLC.

Footnote F4

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.

Footnote F5

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.

Footnote F6

The terms of the Amended and Restated Limited Liability Company Agreement of OpCo provide certain holders of the OpCo LLC Units with the right 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, together with an equal number of shares of Class B Common Stock (subject to customary conversion rate adjustments for stock splits, stock dividends and reclassification and similar transactions), or (b) cash. 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. The OpCo LLC Units and the Redemption Right have no expiration date.

SEC remarks

Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, certain affiliates of the Reporting Person have filed a separate Form 4.

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