Kendall Brandi 4

What Happened

• Kendall Brandi, Chief Financial Officer of Crescent Energy Co. (CRGY), received 43,935 shares of Class A common stock on 2026-03-16 as a portion of a performance‑based award. Simultaneously, 11,259 shares were disposed of at $11.80 each (total proceeds $132,856) to satisfy tax withholding obligations.
• The 43,935 shares were delivered at $0.00 (an award delivery), and the 11,259‑share disposition reflects withholding by the manager rather than an open‑market sell by the reporting person.

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-18 (timely).
• Received: 43,935 shares at $0.00 (Manager performance award delivery).
• Disposed/withheld: 11,259 shares at $11.80 each — proceeds $132,856 (tax withholding).
• Footnotes: F1 — shares delivered were from the Manager Award (granted Dec 6, 2021) and directed to the reporting person by KKR Energy Assets Manager LLC; F2 — shares withheld by the Manager to satisfy tax withholding.
• Shares owned after the transaction: not disclosed in the filing.
• Transaction code: "J" (other acquisition/disposition); withholding treated as a disposition for reporting purposes.

Context

• This was primarily an award delivery with routine tax‑withholding rather than a discretionary open‑market sale; share withholding to cover taxes is common and does not necessarily signal a change in the insider’s view of the company.
• For retail investors, purchases (out-of-pocket buys) often carry more direct signaling value than award deliveries or tax-withholding disposals.