Form 4: KKR Group Partnership L.P. Sells 2,948,723 Shares of Crescent Energy Co (CRGY) at $9.91 Per Share

KKR Group Partnership L.P. reports the sale of 2,948,723 shares of Crescent Energy Co Class A Common Stock at $9.91 per share, along with related conversions of Class B Common Stock and OpCo LLC Units.

Summary

• On March 10, 2025, KKR Group Partnership L.P. sold 2,948,723 shares of Crescent Energy Co's Class A Common Stock at a price of $9.91 per share.
• The sale was conducted by IE Aggregator on behalf of certain unaffiliated limited partners, pursuant to Rule 144 of the Securities Act of 1933.
• In connection with the sale, IE Aggregator converted 2,948,723 shares of Class B Common Stock and OpCo LLC Units into an equal number of Class A Common Stock shares.
• Following the reported transactions, KKR Group Partnership L.P. indirectly beneficially owns 26,185,773 shares of Class B Common Stock and 2,948,723 shares of Class A Common Stock through its holdings in IE Aggregator and KKR Upstream Associates LLC.
• The filing indicates that KKR Group Partnership L.P. disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a significant shareholder. The sentiment is neutral as it simply reports a transaction.

Industry Context

This filing reflects activity by a major shareholder, KKR, in the energy sector. Monitoring such transactions provides insights into investor sentiment and potential shifts in ownership within Crescent Energy Co.

Stakeholder Impact

• The sale of shares by KKR could potentially influence the market price of CRGY, impacting shareholders.
• The transaction may signal a shift in KKR's investment strategy regarding Crescent Energy Co.

Key Dates