Transaction Details

Footnotes

Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Infinity Natural Resources, LLC ("INR LLC"), at the request of a holder, each Common Unit of INR LLC (together with the cancellation for no consideration of an equal number of shares of Class B Common Stock, par value $0.01 per share, of the Issuer) may be redeemed at INR LLC's election for (a) newly-issued shares of Class A Common Stock, par value $0.01 per share, of the Issuer on a one-for-one basis or (b) cash. The Common Units do not expire. Shares of Class B Common Stock do not represent economic interests in the Issuer. | On March 13, 2026, the Reporting Person exchanged 275,000 Common Units of INR LLC (together with the cancellation for no consideration of an equal number of shares of Class B Common Stock of the Issuer) on a one-for-one basis for shares of Class A common stock of the Issuer.