Rockecharlie David C. 4

What Happened
David C. Rockecharlie, Chief Executive Officer of Crescent Energy Co. (CRGY), was delivered 140,700 shares of Class A common stock as a portion of earned, performance-based award shares. At the same time, 43,359 shares were disposed/withheld at $11.80 per share to satisfy tax withholding obligations, valued at $511,636. The award delivery is reported as an "other acquisition" (code J) and the withholding as an "other disposition" (code J).

Key Details

• Transaction dates: March 16, 2026; Form 4 filed March 18, 2026 (timely).
• Acquired: 140,700 shares at $0.00 (award delivery) — reported value $0.
• Disposed/Withheld: 43,359 shares at $11.80 each; total value $511,636 (tax withholding).
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Footnotes: F1 – shares were delivered to Rockecharlie at the direction of KKR Energy Assets Manager LLC as part of a Manager Award (granted Dec 6, 2021). F2 – the 43,359 shares were withheld by the Manager to satisfy tax withholding obligations.
• Transaction code: J = Other acquisition/disposition (often used for award delivery and tax withholding).

Context
This was not an open-market purchase or sale by the CEO. The reported acquisition reflects vested, performance-based award shares being delivered; the reported disposition reflects shares withheld to cover taxes, not a discretionary sale. Such withholding is routine and does not necessarily signal CEO market views.