Form 4: Independence Energy Aggregator L.P. Reports Acquisition and Disposal of Crescent Energy Co. Securities

Independence Energy Aggregator L.P. reports changes in beneficial ownership of Crescent Energy Co. stock, including acquisitions and disposals of Class A and Class B Common Stock and Crescent Energy OpCo LLC Units.

Summary

• Independence Energy Aggregator L.P. filed a Form 4 detailing changes in beneficial ownership of Crescent Energy Co. securities on April 4, 2025.
• The report covers transactions involving Class A Common Stock, Class B Common Stock, and Crescent Energy OpCo LLC Units.
• The transactions include the acquisition of 26,185,773 shares of Class A Common Stock and the disposal of 26,185,773 shares of Class B Common Stock.
• These transactions are related to the Redemption Right associated with OpCo LLC Units, where units can be redeemed for Class A Common Stock and an equal number of Class B Common Stock shares.
• The reporting entities include Independence Energy Aggregator L.P., KKR Financial Holdings LLC, KKR Group Assets Holdings III L.P., KKR Group Assets III GP LLC, KKR Upstream Associates LLC, and Independence Energy Aggregator GP LLC.
• Each reporting person disclaims beneficial ownership of the securities, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market regarding their transactions in the company's securities.

Stakeholder Impact

• Shareholders are informed about changes in ownership by major stakeholders.
• The filing provides transparency regarding insider transactions.

Key Dates

Keywords

Crescent Energy Co, Independence Energy Aggregator L.P., Form 4, Beneficial Ownership, Class A Common Stock, Class B Common Stock, OpCo LLC Units, Redemption Right, KKR, Securities