Form 4: Independence Energy Aggregator Sells 2,948,723 Shares of Crescent Energy Co (CRGY) Class A Common Stock

Independence Energy Aggregator L.P. sold 2,948,723 shares of Crescent Energy Co Class A Common Stock at $9.91 per share on March 10, 2025, while converting an equal number of Class B shares and OpCo LLC Units.

Summary

• On March 10, 2025, Independence Energy Aggregator L.P. sold 2,948,723 shares of Crescent Energy Co (CRGY) Class A Common Stock.
• The sale was executed at a price of $9.91 per share.
• Prior to the sale, Independence Energy Aggregator L.P. converted 2,948,723 shares of Class B Common Stock and OpCo LLC Units into Class A Common Stock.
• Following the transaction, Independence Energy Aggregator L.P. directly owns 0 shares of Class A Common Stock and indirectly owns 26,185,773 shares of Class B Common Stock.
• The filing indicates that Independence Energy Aggregator L.P. is a 10% owner of Crescent Energy Co.
• The transaction was made pursuant to Rule 144 of the Securities Act of 1933, as amended, through a broker-dealer on behalf of certain unaffiliated limited partners.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing any positive or negative outlook.

Industry Context

This Form 4 filing indicates a significant transaction by a major shareholder of Crescent Energy Co, which could be of interest to investors monitoring the stock's activity and ownership structure. The sale was conducted under Rule 144, which allows for the sale of restricted and control securities.

Stakeholder Impact

• The sale of a significant number of shares may have a short-term impact on the stock price, potentially affecting shareholders.
• The transaction could signal a shift in the investment strategy of Independence Energy Aggregator L.P., which may be relevant to other stakeholders.

Key Dates