INFINITY NATURAL RESOURCES, INC. — Director's Dealing 2025

Jan 31, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: INFINITY NATURAL RESOURCES, INC. (INR)
CIK: 0002029118
Period of Report: 2025-01-30

Reporting Person: GRAY STEVEN D (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	23244	Direct
Class B Common Stock	209195	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Units of Infinity Natural Resources, LLC	$		Class A Common Stock (23244)		Direct
Common Units of Infinity Natural Resources, LLC	$		Class A Common Stock (209195)		Indirect

Footnotes

F1: Pursuant to the Second Amended and Restated Limited Liability Company Agreement of Infinity Natural Resources, LLC ("INR LLC"), at the request of each 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.

F2: The Reporting Person exercises 100% control over SD Gray Family Partnership LP ("Gray Family Partnership"). Gray Family Partnership is managed by its general partner, SD Gray Management Co., of which the Reporting Person is the chief executive. By virtue of the relationship, the Reporting Person may be deemed to have or share beneficial ownership of the securities held of record by Gray Family Partnership, but the Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.