Kinder Morgan (NYSE: KMI) terminals president sells 6,166 shares under 10b5-1 plan

Rhea-AI Filing Summary

KINDER MORGAN, INC. executive John W. Schlosser, Vice President and President of Terminals, sold 6,166 shares of Class P Common Stock in an open-market transaction at a weighted average price of $32.41 per share. After the sale, he directly holds 176,540 shares. The sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person, meaning the trades were scheduled in advance rather than timed opportunistically.

Insights

Insider trading and governance analyst

Small, pre-planned insider sale with large remaining stake.

Vice President John W. Schlosser executed an open-market sale of 6,166 shares of KINDER MORGAN, INC. Class P Common Stock at a weighted average of $32.41 per share. The transaction is coded as an open-market sale.

Following the sale, Schlosser still directly owns 176,540 shares, so the disposal represents only a small portion of his holdings. The filing notes that the sales were made pursuant to a Rule 10b5-1 trading plan, indicating they were pre-scheduled and routine rather than discretionary market timing.

The price range for the multiple trades was from $32.305 to $32.525 per share, reflecting normal execution around the weighted average. With no derivative positions reported in this filing and a substantial remaining equity stake, the transaction appears to be a modest, planned liquidity event rather than a major shift in insider sentiment.

Insider Trade Summary 10b5-1

Net Seller: 6,166 shares ($199,840)

Net Sell 1 txn

Insider Schlosser John W

Role V.P. (President, Terminals)

Sold 6,166 shs ($200K)

Type	Security	Shares	Price	Value
Sale	Class P Common Stock	6,166	$32.41	$200K

Holdings After Transaction: Class P Common Stock — 176,540 shares (Direct, null)

Footnotes (1)

1. Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on May 7, 2025 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.305 to $32.525 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold: 6,166 shares Weighted average sale price: $32.41 per share Post-transaction holdings: 176,540 shares +2 more

5 metrics

Shares sold 6,166 shares Open-market sale of Class P Common Stock

Weighted average sale price $32.41 per share Average price across multiple sale transactions

Post-transaction holdings 176,540 shares Direct ownership after reported sale

Sale price range low $32.305 per share Lowest price among the day’s sale trades

Sale price range high $32.525 per share Highest price among the day’s sale trades

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, Class P Common Stock, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class P Common Stock financial

"security_title: "Class P Common Stock""

Section 16 insider regulatory

"Form 4 reporting by an officer subject to insider trading disclosure"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schlosser John W

(Last) (First) (Middle)

1001 LOUISIANA, SUITE 1000

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KINDER MORGAN, INC. [ KMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	V.P. (President, Terminals)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class P Common Stock	05/05/2026		S(1)		6,166	D	$32.41(2)	176,540	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on May 7, 2025 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.305 to $32.525 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ John W. Schlosser	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did John W. Schlosser report for KINDER MORGAN, INC. (KMI)?

John W. Schlosser reported an open-market sale of 6,166 shares of KINDER MORGAN Class P Common Stock. The weighted average sale price was $32.41 per share, with trades executed across a narrow price range during the same day.

At what prices did John W. Schlosser sell KMI shares in this Form 4 filing?

The filing shows a weighted average sale price of $32.41 per share. Individual trades occurred at prices ranging from $32.305 to $32.525 per share, reflecting normal market execution around the reported average sale price.

How many KINDER MORGAN (KMI) shares does John W. Schlosser own after this sale?

After selling 6,166 shares, John W. Schlosser directly holds 176,540 shares of KINDER MORGAN Class P Common Stock. This indicates he retains a substantial remaining equity position following the reported transaction.

Was John W. Schlosser’s KMI share sale made under a Rule 10b5-1 trading plan?

Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan. This means the trades were pre-arranged under a written plan, reducing the significance of their exact timing as a signal of insider sentiment.

What is the role of John W. Schlosser at KINDER MORGAN, INC. (KMI)?

In this Form 4, John W. Schlosser is identified as an officer of KINDER MORGAN, serving as Vice President and President of Terminals. His position makes his transactions subject to reporting under insider trading rules.

Does this KMI Form 4 filing report any derivative securities for John W. Schlosser?

No. The filing only reports a non-derivative transaction in Class P Common Stock. The derivative summary in the provided data is empty, indicating no options or other derivatives are disclosed in this specific Form 4.