Form 4: Crescent Energy Director John C. Goff Acquires Shares Through Obligation Settlement

Director John C. Goff acquired 44,469 shares of Crescent Energy Co Class A Common Stock through a settlement of a pre-existing obligation, while also reporting indirect ownership of millions of shares through various entities.

Summary

• John C. Goff, a director at Crescent Energy Co, acquired 44,469 shares of Class A Common Stock on December 31, 2024.
• These shares were acquired through the settlement of a pre-existing obligation from a third party, with no connection to the issuer.
• The acquisition was split into two transactions: 28,957 shares and 15,512 shares, both at a price of $14.4 per share.
• Goff also reported indirect beneficial ownership of millions of shares through various entities including Goff MCF Partners, LP, JCG 2016 Holdings, LP, and The Goff Family Foundation.
• Goff disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would significantly impact the sentiment of the stock. The acquisition is a result of a settlement, not a direct purchase, so it is neutral.

Positives

• The acquisition of shares by a director could be seen as a positive sign of confidence in the company.
• The transaction was a result of a pre-existing obligation settlement, not a direct purchase, which may indicate a unique circumstance rather than a market signal.

Risks

• The complex structure of indirect ownership through multiple entities could make it difficult to track the true extent of Goff's holdings.
• The disclaimer of beneficial ownership, except for pecuniary interest, adds a layer of complexity to understanding Goff's actual stake in the company.

Industry Context

This filing is a routine disclosure of a director's share transactions, which is common in the energy sector and other publicly traded companies. It provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The complex ownership structure through multiple entities is not uncommon for high-net-worth individuals and investment firms, and is similar to structures used by other directors and executives in the industry.
• The disclaimer of beneficial ownership is also a standard practice to clarify the extent of direct control and pecuniary interest.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a transfer of shares due to a pre-existing obligation, not a market transaction.

Key Dates

Keywords

Crescent Energy Co, John C. Goff, Class A Common Stock, Beneficial Ownership, SEC Form 4, Director, Share Acquisition, Indirect Ownership