Brandon K. Allen resigns from Phoenix Energy, receives $1M transition payment over 12 months

Phoenix Energy One, LLC

Allen resigned Nov 3, 2025; entered Transition & Separation Agreement Nov 20 for advisory role through ~Nov 2026.
Company to pay $1,000,000 in equal installments over 12 months for transition services, subject to compliance.
All Class A and Class B Units previously granted to Allen forfeited for zero consideration upon resignation date.
Agreement includes non-disparagement, confidentiality, cooperation, and reaffirmation of prior restrictive covenants.

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