LIBERTY MUTUAL HOLDING Co INC.

SEC source: 0001193125-26-395720 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 4,182,050

F1 · ownership.nature: The securities reported herein are held directly by 5C Lending Partners Structured Feeder LP (the "5C Feeder") and represent the pro rata portion of the shares of common stock of the issuer ("Common Stock") held by 5C Feeder that Liberty Mutual Holding Company Inc. ("LMHC") may be deemed to beneficially own pursuant to (i) the Amended and Restated Limited Partnership Agreement (the "LPA") of the 5C Feeder, dated December 19, 2025, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Employers Insurance Company of Wausau, Safeco Insurance Company of America, Liberty Mutual Fire Insurance Company and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and the general partner of the 5C Feeder and (ii) the Note Purchase Agreement, dated December 19, 2025 (collectively with the LPA, the "5C Feeder Documents"),

F2 · ownership.nature: (Continued from footnote 1) entered into by the Subsidiaries, the 5C Feeder, and U.S. Bank Trust Company, National Association, as collateral agent, granting the Subsidiaries certain pro rata rights with respect to the shares of common stock held by the 5C Feeder. The Subsidiaries are indirect wholly-owned subsidiaries of LMHC. Accordingly, LMHC may be deemed to have beneficial ownership over the pro rata portion of the shares of Common Stock held by the 5C Feeder. LMHC disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0001193125-26-323939 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 4,166,887

F1 · ownership.nature: The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0001193125-26-321639 · ownership.xml · nonDerivative · entry 2

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 1,513,310

F1 · ownership.nature: The securities reported herein are held directly by 5C Lending Partners Structured Feeder LP (the "5C Feeder") and represent the pro rata portion of the shares of common stock of the issuer ("Common Stock") held by 5C Feeder that Liberty Mutual Holding Company Inc. ("LMHC") and Liberty Mutual Insurance Company ("LMIC") may be deemed to beneficially own pursuant to (i) the Amended and Restated Limited Partnership Agreement (the "LPA") of the 5C Feeder, dated December 19, 2025, entered into by LMIC, Peerless Insurance Company, Employers Insurance Company of Wausau, Safeco Insurance Company of America, Liberty Mutual Fire Insurance Company and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and the general partner of the 5C Feeder and (ii) the Note Purchase Agreement, dated December 19, 2025 (collectively with the LPA, the "5C Feeder Documents"), entered into by the Subsidiaries, the 5C Feeder, and U.S. Bank Trust Company, National Association,

F2 · ownership.nature: (Continued from footnote 1) as collateral agent, granting the Subsidiaries certain pro rata rights with respect to the shares of common stock held by the 5C Feeder. The Subsidiaries are indirect wholly-owned subsidiaries of LMHC. Accordingly, LMHC may be deemed to have beneficial ownership over the pro rata portion of the shares of Common Stock held by the 5C Feeder. LMHC disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0001193125-26-321639 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 2,269,965

F1 · ownership.nature: The securities reported herein are held directly by 5C Lending Partners Structured Feeder LP (the "5C Feeder") and represent the pro rata portion of the shares of common stock of the issuer ("Common Stock") held by 5C Feeder that Liberty Mutual Holding Company Inc. ("LMHC") and Liberty Mutual Insurance Company ("LMIC") may be deemed to beneficially own pursuant to (i) the Amended and Restated Limited Partnership Agreement (the "LPA") of the 5C Feeder, dated December 19, 2025, entered into by LMIC, Peerless Insurance Company, Employers Insurance Company of Wausau, Safeco Insurance Company of America, Liberty Mutual Fire Insurance Company and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and the general partner of the 5C Feeder and (ii) the Note Purchase Agreement, dated December 19, 2025 (collectively with the LPA, the "5C Feeder Documents"), entered into by the Subsidiaries, the 5C Feeder, and U.S. Bank Trust Company, National Association,

F2 · ownership.nature: (Continued from footnote 1) as collateral agent, granting the Subsidiaries certain pro rata rights with respect to the shares of common stock held by the 5C Feeder. The Subsidiaries are indirect wholly-owned subsidiaries of LMHC. Accordingly, LMHC may be deemed to have beneficial ownership over the pro rata portion of the shares of Common Stock held by the 5C Feeder. LMHC disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0001193125-26-216738 · ownership.xml · nonDerivative · entry 1

Liberty Mutual Foundation Inc. · CIK 0002097698 · 10% owner

Liberty Energy Holdings, LLC · CIK 0002100320 · 10% owner

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,213,628

F1 · shares: Represents shares of Class A Common Stock sold by Liberty Mutual Foundation Inc. (the "Foundation") in a block trade pursuant to Rule 144 of the Securities Act of 1933, as amended.

F2 · balance_after: Liberty Energy Holdings, LLC ("LEH") may be deemed to beneficially own the shares held by the Foundation due to their common control but have no pecuniary interest in such shares.

F3 · balance_after: The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F4 · balance_after: (Continued from Footnote 3) Each of The Foundation, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to be the indirect beneficial owner of some or all of the equity interests referred to in note 6 owned by the Record Holders.

F5 · balance_after: (Continued from Footnote 4) Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

F6 · balance_after: Bevin Brown is an officer of LEH and served on the Board of Directors of Crescent Energy Company (the "Issuer") until May 5, 2026, as a nominee of PT Independence Energy Holdings LLC, an affiliate of LEH. The Issuer previously granted to Ms. Brown pursuant to the Crescent Energy Company 2021 Equity Incentive Plan, in her capacity as a director of the Issuer, and to another officer of LEH who previously served on the Board of Directors of the Issuer as a nominee of PT Independence Energy Holdings LLC, restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock. Ms. Brown and such other LEH officer have agreed that they will not receive any separate compensation for serving as a director of the Issuer and will transfer to LEH any director compensation received from the Issuer, including any shares received in settlement of the RSUs.

SEC source: 0001193125-26-201391 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 5,456,612

F1 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0001193125-26-204426 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 501,359

F1 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0001193125-26-192981 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 4,124,445

F1 · ownership.nature: The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0001193125-26-123649 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 4,084,834

F1 · ownership.nature: The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0001193125-26-027479 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 3,811,943

F1 · ownership.nature: The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0001193125-25-338075 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 3,725,779

F1 · ownership.nature: The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0001193125-25-325150 · ownership.xml · nonDerivative · entry 2

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 1,288,000

F2 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company ("LMIC"), which is a wholly-owned indirect subsidiary of LMHC, which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by LMIC, except to the extent of its pecuniary interest therein.

SEC source: 0001193125-25-325150 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 1,932,000

F1 · ownership.nature: Represents securities of the issuer directly held by Employers Insurance Company of Wausau, Liberty Mutual Fire Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0001193125-25-325311 · ownership.xml · nonDerivative · entry 1

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

Liberty Energy Holdings, LLC · CIK 0002100320 · Director · 10% owner

LIBERTY MUTUAL HOLDING Co INC. · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,118

F1 · kind: The shares were transferred by PT Independence Energy Holdings LLC (the "PT Reporting Person") through Liberty Energy Holdings, LLC ("LEH") and Liberty Mutual Insurance Company to Liberty Mutual Foundation Inc. (the "Foundation"). As a result of such transfer, the PT Reporting Person no longer owns any shares. LEH may be deemed to beneficially own the shares held by the Foundation due to their common control but have no pecuniary interest in such shares.

F2 · ownership.direct: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of PT Reporting Person, LEH has the sole right to vote or dispose of the shares of Class A Common Stock held by the PT Reporting Person. Therefore, LEH is deemed to have beneficial ownership of such shares of Class A Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F3 · ownership.direct: (Continued from Footnote 2) Each of PT Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to be the indirect beneficial owner of some or all of the equity interests referred to in note 5 owned by the Record Holders.

F4 · ownership.direct: (Continued from Footnote 3) Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

F5 · ownership.direct: Bevin Brown is an officer of LEH and serves on the Board of Directors of Crescent Energy Company (the "Issuer") as a nominee of the PT Reporting Person. The Issuer previously granted to Ms. Brown pursuant to the Crescent Energy Company 2021 Equity Incentive Plan, in her capacity as a director of the Issuer, and to another officer of LEH who previously served on the Board of Directors of the Issuer as a nominee of the PT Reporting Person, restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock. Ms. Brown and such other LEH officer have agreed that they will not receive any separate compensation for serving as a director of the Issuer and will transfer to LEH any director compensation received from the Issuer, including any shares received in settlement of the RSUs.

SEC source: 0001193125-25-220720 · ownership.xml · nonDerivative · entry 2

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 1,219,237

F2 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company ("LMIC"), which is a wholly-owned indirect subsidiary of LMHC, which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by LMIC, except to the extent of its pecuniary interest therein.

SEC source: 0001193125-25-220720 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 1,828,856

F1 · ownership.nature: Represents securities of the issuer directly held by Employers Insurance Company of Wausau, Liberty Mutual Fire Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-111832 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 3,231,154

F1 · ownership.nature: The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-094186 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 3,222,959

F1 · ownership.nature: The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-091791 · ownership.xml · nonDerivative · entry 2

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 754,141

F2 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company ("LMIC"), which is a wholly-owned indirect subsidiary of LMHC, which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by LMIC, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-091791 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 1,131,211

F1 · ownership.nature: Represents securities of the issuer directly held by Employers Insurance Company of Wausau, Liberty Mutual Fire Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-088255 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 2,880,335

F1 · ownership.nature: The securities reported herein are held directly by Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder") and represent the pro rata portion of the shares of the issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the issuer held by Willow Tree Feeder.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-052080 · ownership.xml · derivative · entry 4

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 36,813,628 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · kind: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · shares: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · price: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · derivative.exercise_date: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · derivative.expiration_date: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F1 · derivative.underlying: Shares of Class B Common Stock of Crescent Energy Company (the "Issuer") have no economic rights but entitle its holder to one vote per share of Class B Common Stock on all matters to be voted on by shareholders generally.

F2 · derivative.underlying_shares: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · balance_after: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F3 · ownership.direct: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of PT Independence Energy Holdings LLC (the "PT Reporting Person"), Liberty Energy Holdings, LLC ("LEH") has the sole right to vote or dispose of the OpCo Units and shares of Class A Common Stock and Class B Common Stock held by the PT Reporting Person. Therefore, LEH is deemed to have beneficial ownership of such OpCo Units and shares of Class A Common Stock and Class B Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F4 · ownership.direct: (Continued from Footnote 3) Each of PT Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to be the indirect beneficial owner of some or all of the equity interests referred to in note 5 owned by the Record Holders and, therefore, a "ten percent holder" hereunder.

F5 · ownership.direct: (Continued from Footnote 4) Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

F6 · ownership.direct: Erich Bobinsky and Bevin Brown (the "Directors") are officers of LEH and serve on the Board of Directors of the Issuer as nominees of the PT Reporting Person. The Issuer has granted to the Directors pursuant to the Crescent Energy Company 2021 Equity Incentive Plan, in their capacities as directors of the Issuer, an aggregate of 91,828 restricted stock units ("RSUs"), 41,120 of which are currently held by the Directors and 50,708 of which were settled and transferred to LEH, as described in the following note. Each RSU represents a contingent right to receive one share of Class A Common Stock. The Directors have agreed that they will not receive any separate compensation for serving as directors of the Issuer and will transfer to LEH any director compensation they receive from the Issuer, including any shares received in settlement of the RSUs.

SEC source: 0000950170-25-052080 · ownership.xml · nonDerivative · entry 2

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,854,748

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · price: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · balance_after: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F7 · balance_after: Includes 41,120 shares of Class A Common Stock received in settlement of a like amount of RSUs initially granted to the Directors, as described in the previous note.

F3 · ownership.direct: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of PT Independence Energy Holdings LLC (the "PT Reporting Person"), Liberty Energy Holdings, LLC ("LEH") has the sole right to vote or dispose of the OpCo Units and shares of Class A Common Stock and Class B Common Stock held by the PT Reporting Person. Therefore, LEH is deemed to have beneficial ownership of such OpCo Units and shares of Class A Common Stock and Class B Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F4 · ownership.direct: (Continued from Footnote 3) Each of PT Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to be the indirect beneficial owner of some or all of the equity interests referred to in note 5 owned by the Record Holders and, therefore, a "ten percent holder" hereunder.

F5 · ownership.direct: (Continued from Footnote 4) Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

F6 · ownership.direct: Erich Bobinsky and Bevin Brown (the "Directors") are officers of LEH and serve on the Board of Directors of the Issuer as nominees of the PT Reporting Person. The Issuer has granted to the Directors pursuant to the Crescent Energy Company 2021 Equity Incentive Plan, in their capacities as directors of the Issuer, an aggregate of 91,828 restricted stock units ("RSUs"), 41,120 of which are currently held by the Directors and 50,708 of which were settled and transferred to LEH, as described in the following note. Each RSU represents a contingent right to receive one share of Class A Common Stock. The Directors have agreed that they will not receive any separate compensation for serving as directors of the Issuer and will transfer to LEH any director compensation they receive from the Issuer, including any shares received in settlement of the RSUs.

SEC source: 0000950170-25-052080 · ownership.xml · nonDerivative · entry 1

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F1 · security: Shares of Class B Common Stock of Crescent Energy Company (the "Issuer") have no economic rights but entitle its holder to one vote per share of Class B Common Stock on all matters to be voted on by shareholders generally.

F2 · kind: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · price: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F2 · balance_after: The terms of the Amended and Restated Limited Liability Company of Crescent Energy OpCo LLC ("OpCo") provide certain holders of units of OpCo ("OpCo LLC Units") with certain rights to cause OpCo to acquire all or a portion of the OpCo LLC Units (the "Redemption Right") for, at OpCo's election, (a) shares of Class A Common Stock of the Issuer at a redemption ratio of one share of Class A Common Stock for each OpCo LLC Unit redeemed, or (b) a certain amount of cash. In connection with any redemption of OpCo LLC Units pursuant to the Redemption Right, the corresponding number of shares of Class B Common Stock will be cancelled. The OpCo LLC Units and the right to exercise the Redemption Right have no expiration date.

F3 · ownership.direct: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of PT Independence Energy Holdings LLC (the "PT Reporting Person"), Liberty Energy Holdings, LLC ("LEH") has the sole right to vote or dispose of the OpCo Units and shares of Class A Common Stock and Class B Common Stock held by the PT Reporting Person. Therefore, LEH is deemed to have beneficial ownership of such OpCo Units and shares of Class A Common Stock and Class B Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F4 · ownership.direct: (Continued from Footnote 3) Each of PT Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to be the indirect beneficial owner of some or all of the equity interests referred to in note 5 owned by the Record Holders and, therefore, a "ten percent holder" hereunder.

F5 · ownership.direct: (Continued from Footnote 4) Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

F6 · ownership.direct: Erich Bobinsky and Bevin Brown (the "Directors") are officers of LEH and serve on the Board of Directors of the Issuer as nominees of the PT Reporting Person. The Issuer has granted to the Directors pursuant to the Crescent Energy Company 2021 Equity Incentive Plan, in their capacities as directors of the Issuer, an aggregate of 91,828 restricted stock units ("RSUs"), 41,120 of which are currently held by the Directors and 50,708 of which were settled and transferred to LEH, as described in the following note. Each RSU represents a contingent right to receive one share of Class A Common Stock. The Directors have agreed that they will not receive any separate compensation for serving as directors of the Issuer and will transfer to LEH any director compensation they receive from the Issuer, including any shares received in settlement of the RSUs.

SEC source: 0000950170-25-048120 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 2,874,844

F1 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-046472 · ownership.xml · nonDerivative · entry 2

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 441,598

F2 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company ("LMIC"), which is a wholly-owned indirect subsidiary of LMHC, which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by LMIC, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-046472 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 662,398

F1 · ownership.nature: Represents securities of the issuer directly held by Employers Insurance Company of Wausau, Liberty Mutual Fire Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-24-140372 · ownership.xml · nonDerivative · entry 2

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 196,179

F3 · shares: These securities are held by Liberty Mutual Insurance Company.

SEC source: 0000950170-24-140372 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 491,798

F1 · shares: The securities reported herein represent the shares of the issuer held by Liberty Mutual Insurance Company, Employers Insurance Company of Wausau, Liberty Mutual Fire Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries") that Liberty Mutual Holding Company Inc. ("LMHC") may be deemed to beneficially own pursuant to the Subscription Agreements, dated October 23, 2024 (the "Subscription Agreements"), entered into by each of the Subsidiaries and 5C Lending Partners Corp., pursuant to which the Subsidiaries purchased certain securities of the issuer.

F2 · shares: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of LMHC. Accordingly, LMHC may be deemed also to have beneficial ownership over the pro rata portion of the shares of the issuer held directly by the Subsidiaries. LMHC disclaims beneficial ownership in the securities reported herein except to the extent of their pecuniary interest therein.

F1 · ownership.nature: The securities reported herein represent the shares of the issuer held by Liberty Mutual Insurance Company, Employers Insurance Company of Wausau, Liberty Mutual Fire Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries") that Liberty Mutual Holding Company Inc. ("LMHC") may be deemed to beneficially own pursuant to the Subscription Agreements, dated October 23, 2024 (the "Subscription Agreements"), entered into by each of the Subsidiaries and 5C Lending Partners Corp., pursuant to which the Subsidiaries purchased certain securities of the issuer.

F2 · ownership.nature: (Continued from footnote 1) The Subsidiaries are indirect wholly-owned subsidiaries of LMHC. Accordingly, LMHC may be deemed also to have beneficial ownership over the pro rata portion of the shares of the issuer held directly by the Subsidiaries. LMHC disclaims beneficial ownership in the securities reported herein except to the extent of their pecuniary interest therein.

SEC source: 0000950170-24-140384 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 2,382,053

F1 · kind: Willow Tree Capital Corporation ( the "Issuer") issued a capital call notice to Willow Tree Capital Rated Notes Feeder LLC ("Willow Tree Feeder"). Pursuant to such capital call notice, Willow Tree Feeder was obligated to make a capital contribution in exchange for additional shares of common stock, par value $0.01 per share, of the Issuer on December 23, 2024.

F2 · ownership.nature: The securities reported herein are held directly by Willow Tree Feeder and represent the pro rata portion of the shares of the Issuer held by Willow Tree Feeder that Liberty Mutual Holding Company Inc. (the "Reporting Person") may be deemed to beneficially own pursuant to the Note Purchase Agreement, dated April 11, 2024, entered into by Liberty Mutual Insurance Company, Peerless Insurance Company, Safeco Insurance Company of America and The Ohio Casualty Insurance Company (collectively, the "Subsidiaries") and Willow Tree Feeder, granting the Subsidiaries certain pro rata rights with respect to the securities of the Issuer held by Willow Tree Feeder.

F3 · ownership.nature: (continued from footnote 2) The Subsidiaries are indirect wholly-owned subsidiaries of the Reporting Person. Accordingly, the Reporting Person may be deemed to have beneficial ownership over the pro rata portion of the shares of the issuer held by Willow Tree Feeder. The Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of their pecuniary interest therein.

SEC source: 0000950170-25-018509 · ownership.xml · nonDerivative · entry 2

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 196,719

F2 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company ("LMIC"), which is a wholly-owned indirect subsidiary of LMHC, which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by LMIC, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-018509 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 491,798

F1 · ownership.nature: Represents securities of the issuer directly held by Employers Insurance Company of Wausau, Liberty Mutual Fire Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-046463 · ownership.xml · nonDerivative · entry 2

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By corporation

Disclosed balance after: 196,719

F2 · ownership.nature: Represents securities of the issuer directly held by Liberty Mutual Insurance Company ("LMIC"), which is a wholly-owned indirect subsidiary of LMHC, which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by LMIC, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-25-046463 · ownership.xml · nonDerivative · entry 1

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · 10% owner

LIBERTY MUTUAL INSURANCE CO · CIK 0000316369 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · By subsidiaries

Disclosed balance after: 295,079

F1 · ownership.nature: Represents securities of the issuer directly held by Employers Insurance Company of Wausau, Liberty Mutual Fire Insurance Company, The Ohio Casualty Insurance Company, Peerless Insurance Company and Safeco Insurance Company of America (collectively, the "Subsidiaries"), each of which are wholly-owned indirect subsidiaries of Liberty Mutual Holding Company Inc. ("LMHC"), which may be deemed to be beneficially owned by LMHC. LMHC disclaims beneficial ownership of the securities directly held by the Subsidiaries, except to the extent of its pecuniary interest therein.

SEC source: 0000950170-24-041315 · ownership.xml · nonDerivative · entry 1

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 51,480

F1 · security: Erich Bobinsky and Bevin Brown (the "Directors") are officers of Liberty Energy Holdings ("LEH") and serve on the Board of Directors of Crescent Energy Company (the "CRGY") as nominees of PT Independence Energy Holdings LLC (the "PT Reporting Person"). On April 1, 2024, CRGY granted to the Directors, in their capacities as directors of CRGY, an aggregate of 28,622 restricted stock units ("RSUs"). The Directors have agreed that they will not receive any separate compensation for serving as directors of CRGY and will transfer to LEH any director compensation they receive from CRGY, including any shares received in settlement of the restricted stock units.

F2 · price: The shares of Crescent Energy Company (the "Issuer") Class A common stock ("Common Stock") reported are restricted stock units ("RSUs") granted to the reporting person pursuant to the Crescent Energy Company 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on April 1, 2025, subject to the reporting person's continuous service through such date.

F1 · ownership.nature: Erich Bobinsky and Bevin Brown (the "Directors") are officers of Liberty Energy Holdings ("LEH") and serve on the Board of Directors of Crescent Energy Company (the "CRGY") as nominees of PT Independence Energy Holdings LLC (the "PT Reporting Person"). On April 1, 2024, CRGY granted to the Directors, in their capacities as directors of CRGY, an aggregate of 28,622 restricted stock units ("RSUs"). The Directors have agreed that they will not receive any separate compensation for serving as directors of CRGY and will transfer to LEH any director compensation they receive from CRGY, including any shares received in settlement of the restricted stock units.

F3 · ownership.nature: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of the PT Reporting Person, LEH has the sole right to vote or dispose of the shares of Common Stock held by the PT Reporting Person. Therefore, LEH is deemed to have beneficial ownership of the shares of Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F4 · ownership.nature: Each of PT Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of some or all of the equity interests referred to in note 2 owned by the Record Holders and, therefore, a "ten percent holder" hereunder. Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

SEC source: 0000899243-23-010782 · doc4.xml · nonDerivative · entry 1

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 41,120

F1 · security: Erich Bobinsky and Bevin Brown (the "Directors") are officers of Liberty Energy Holdings ("LEH") and serve on the Board of Directors of Crescent Energy Company (the "CRGY") as nominees of PT Independence Energy Holdings LLC (the "PT Reporting Person"). On April 3, 2023, CRGY granted to the Directors, in their capacities as directors of CRGY, an aggregate of 22,858 restricted stock units ("RSUs"). The Directors have agreed that they will not receive any separate compensation for serving as directors of CRGY and will transfer to LEH any director compensation they receive from CRGY, including any shares received in settlement of the restricted stock units.

F2 · shares: The shares of CRGY Class A common stock ("Common Stock") reported are RSUs granted to the Directors pursuant to the Crescent Energy Company 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on April 1, 2024, subject to the Directors' continuous service through such date.

F1 · ownership.nature: Erich Bobinsky and Bevin Brown (the "Directors") are officers of Liberty Energy Holdings ("LEH") and serve on the Board of Directors of Crescent Energy Company (the "CRGY") as nominees of PT Independence Energy Holdings LLC (the "PT Reporting Person"). On April 3, 2023, CRGY granted to the Directors, in their capacities as directors of CRGY, an aggregate of 22,858 restricted stock units ("RSUs"). The Directors have agreed that they will not receive any separate compensation for serving as directors of CRGY and will transfer to LEH any director compensation they receive from CRGY, including any shares received in settlement of the restricted stock units.

F3 · ownership.nature: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of the PT Reporting Person, LEH has the sole right to vote or dispose of the shares of Common Stock held by the PT Reporting Person. Therefore, LEH is deemed to have beneficial ownership of the shares of Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F4 · ownership.nature: Each of PT Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of some or all of the equity interests referred to in note 2 owned by the Record Holders and, therefore, a "ten percent holder" hereunder. Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

SEC source: 0000899243-22-030972 · doc4.xml · derivative · entry 2

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,813,628

Underlying: Class A Common Stock · 2,568,786 shares

Expires not disclosed

F1 · derivative.exercise_price: Shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock"), of Crescent Energy Company (the "Issuer"), when combined with an equal number of units of Crescent Energy OpCo LLC, a Delaware limited liability company ("OpCo," and such units the "OpCo Units"), are exchangeable from time to time at the option of the holders thereof for shares of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), on a one-for-one basis (or, at the Issuer's option, for cash).

F2 · derivative.exercise_price: Represents 2,568,786 OpCo Units transferred to the Issuer by the Reporting Person and an equal number of shares of Class B Common Stock subsequently forfeited by the Reporting Person and canceled by the Issuer in exchange for $14.10 per OpCo Unit/share of Class B Common Stock (the "OpCo Unit Repurchase"). The OpCo Unit Repurchase was made pursuant to a Repurchase Agreement, dated September 8, 2022, by and among the Reporting Person, OpCo and, for the purposes of consent to the transfer of OpCo Units, the Issuer (the "Repurchase Agreement").

F3 · kind: The Repurchase Agreement was specifically approved in advance by both the Issuer's Audit Committee of the Board of Directors (the "Audit Committee") and a Subcommittee of the Audit Committee formed for the express purpose of considering approval of the OpCo Unit Repurchase. The approval satisfied the requirements of Rule 16b-3(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

F2 · shares: Represents 2,568,786 OpCo Units transferred to the Issuer by the Reporting Person and an equal number of shares of Class B Common Stock subsequently forfeited by the Reporting Person and canceled by the Issuer in exchange for $14.10 per OpCo Unit/share of Class B Common Stock (the "OpCo Unit Repurchase"). The OpCo Unit Repurchase was made pursuant to a Repurchase Agreement, dated September 8, 2022, by and among the Reporting Person, OpCo and, for the purposes of consent to the transfer of OpCo Units, the Issuer (the "Repurchase Agreement").

F1 · derivative.exercise_date: Shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock"), of Crescent Energy Company (the "Issuer"), when combined with an equal number of units of Crescent Energy OpCo LLC, a Delaware limited liability company ("OpCo," and such units the "OpCo Units"), are exchangeable from time to time at the option of the holders thereof for shares of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), on a one-for-one basis (or, at the Issuer's option, for cash).

F4 · derivative.expiration_date: Not applicable.

F1 · derivative.underlying: Shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock"), of Crescent Energy Company (the "Issuer"), when combined with an equal number of units of Crescent Energy OpCo LLC, a Delaware limited liability company ("OpCo," and such units the "OpCo Units"), are exchangeable from time to time at the option of the holders thereof for shares of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), on a one-for-one basis (or, at the Issuer's option, for cash).

F2 · derivative.underlying_shares: Represents 2,568,786 OpCo Units transferred to the Issuer by the Reporting Person and an equal number of shares of Class B Common Stock subsequently forfeited by the Reporting Person and canceled by the Issuer in exchange for $14.10 per OpCo Unit/share of Class B Common Stock (the "OpCo Unit Repurchase"). The OpCo Unit Repurchase was made pursuant to a Repurchase Agreement, dated September 8, 2022, by and among the Reporting Person, OpCo and, for the purposes of consent to the transfer of OpCo Units, the Issuer (the "Repurchase Agreement").

F5 · balance_after: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of the Reporting Person, Liberty Energy Holdings, LLC ("LEH") has the sole right to vote or dispose of the OpCo Units and shares of Class B Common Stock held by the Reporting Person. Therefore, LEH is deemed to have beneficial ownership of such OpCo Units and shares of Class B Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F6 · balance_after: (Continued from Footnote 5) Each of Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Exchange Act to be the indirect beneficial owner of some or all of the equity interests referred to in note 6 owned by the Record Holders and, therefore, a "ten percent holder" hereunder. Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

F7 · balance_after: Represents the aggregate number of shares of Class B Common Stock owned by the Reporting Person. The Reporting Person owns an equal number of OpCo Units which are exchangeable for shares of Class A Common Stock as described in note 1 above.

SEC source: 0000899243-22-030972 · doc4.xml · nonDerivative · entry 1

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,813,628

F1 · security: Shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock"), of Crescent Energy Company (the "Issuer"), when combined with an equal number of units of Crescent Energy OpCo LLC, a Delaware limited liability company ("OpCo," and such units the "OpCo Units"), are exchangeable from time to time at the option of the holders thereof for shares of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), on a one-for-one basis (or, at the Issuer's option, for cash).

F3 · kind: The Repurchase Agreement was specifically approved in advance by both the Issuer's Audit Committee of the Board of Directors (the "Audit Committee") and a Subcommittee of the Audit Committee formed for the express purpose of considering approval of the OpCo Unit Repurchase. The approval satisfied the requirements of Rule 16b-3(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

F2 · shares: Represents 2,568,786 OpCo Units transferred to the Issuer by the Reporting Person and an equal number of shares of Class B Common Stock subsequently forfeited by the Reporting Person and canceled by the Issuer in exchange for $14.10 per OpCo Unit/share of Class B Common Stock (the "OpCo Unit Repurchase"). The OpCo Unit Repurchase was made pursuant to a Repurchase Agreement, dated September 8, 2022, by and among the Reporting Person, OpCo and, for the purposes of consent to the transfer of OpCo Units, the Issuer (the "Repurchase Agreement").

F2 · price: Represents 2,568,786 OpCo Units transferred to the Issuer by the Reporting Person and an equal number of shares of Class B Common Stock subsequently forfeited by the Reporting Person and canceled by the Issuer in exchange for $14.10 per OpCo Unit/share of Class B Common Stock (the "OpCo Unit Repurchase"). The OpCo Unit Repurchase was made pursuant to a Repurchase Agreement, dated September 8, 2022, by and among the Reporting Person, OpCo and, for the purposes of consent to the transfer of OpCo Units, the Issuer (the "Repurchase Agreement").

F5 · balance_after: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of the Reporting Person, Liberty Energy Holdings, LLC ("LEH") has the sole right to vote or dispose of the OpCo Units and shares of Class B Common Stock held by the Reporting Person. Therefore, LEH is deemed to have beneficial ownership of such OpCo Units and shares of Class B Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.

F6 · balance_after: (Continued from Footnote 5) Each of Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Exchange Act to be the indirect beneficial owner of some or all of the equity interests referred to in note 6 owned by the Record Holders and, therefore, a "ten percent holder" hereunder. Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.

F7 · balance_after: Represents the aggregate number of shares of Class B Common Stock owned by the Reporting Person. The Reporting Person owns an equal number of OpCo Units which are exchangeable for shares of Class A Common Stock as described in note 1 above.

SEC source: 0000899243-22-013814 · doc4.xml · nonDerivative · entry 1

PT Independence Energy Holdings LLC · CIK 0001897663 · Director · 10% owner

LIBERTY MUTUAL HOLDING CO · CIK 0001142872 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 18,262

F1 · security: Erich Bobinsky and Bevin Brown (the "Directors") are officers of, and employees of an affiliate of, Liberty Energy Holdings, LLC ("LEH") and serve on the Board of Directors of Crescent Energy Company (the "CRGY") as nominees of PT Independence Energy Holdings LLC (the "PT Reporting Person"). On April 1, 2022, CRGY granted to the Directors, in their capacities as directors of CRGY, an aggregate of 18,262 restricted stock units ("RSUs"). The Directors have agreed that they will not receive any separate compensation for serving as directors of CRGY and will transfer to LEH any director compensation they receive from CRGY, including any shares received in settlement of the restricted stock units.

F2 · shares: The shares of CRGY Class A common stock ("Common Stock") reported are RSUs granted to the Directors pursuant to the Crescent Energy Company 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on April 1, 2023, subject to the Directors' continuous service through such date.

F1 · ownership.nature: Erich Bobinsky and Bevin Brown (the "Directors") are officers of, and employees of an affiliate of, Liberty Energy Holdings, LLC ("LEH") and serve on the Board of Directors of Crescent Energy Company (the "CRGY") as nominees of PT Independence Energy Holdings LLC (the "PT Reporting Person"). On April 1, 2022, CRGY granted to the Directors, in their capacities as directors of CRGY, an aggregate of 18,262 restricted stock units ("RSUs"). The Directors have agreed that they will not receive any separate compensation for serving as directors of CRGY and will transfer to LEH any director compensation they receive from CRGY, including any shares received in settlement of the restricted stock units.

F3 · ownership.nature: Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of the PT Reporting Person, LEH has the sole right to vote or dispose of the shares of Common Stock held by the PT Reporting Person. Therefore, LEH is deemed to have beneficial ownership of the shares of Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes.