KMI insider sale: 6,166 shares via 10b5-1 plan; 219,702 shares remain
Rhea-AI Filing Summary
Officer sale under a 10b5-1 plan; substantial remaining stake. An officer of Kinder Morgan, Inc. (KMI) sold 6,166 shares of Class P Common Stock on 10/06/2025 at a weighted average price of $28.172 per share. The sales were executed under a Rule 10b5-1 trading plan adopted on 05/07/2025, and the reporting person continues to beneficially own 219,702 shares after the transactions. The filer states the reported price is a weighted average from multiple executions between $28.0155 and $28.80 and offers to provide per‑trade details to the SEC staff or company stakeholders on request.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating scheduled trading rather than opportunistic sale
- Reporting person retains 219,702 shares, showing a continued significant ownership stake
Negative
- Officer disposed of 6,166 shares, reducing direct holdings at a weighted avg price of $28.172
Insights
Officer used an established 10b5-1 plan to sell a small portion of holdings.
The sale of 6,166 shares was effected under a trading plan adopted on 05/07/2025, which provides an affirmative defense under Rule 10b5-1. Using such a plan indicates the transactions were pre‑scheduled rather than opportunistic sales tied to inside information.
Dependence rests on the plan's terms and timing; investors can request per‑trade pricing details the filer has offered to provide. Near term, monitor any additional Form 4 filings or amendments that disclose further plan activity.
Post‑sale stake remains meaningful at 219,702 shares.
After the sale at a weighted average of $28.172, the reporting person still beneficially owns 219,702 shares, indicating continued exposure to the issuer's equity. The disclosed sale size (6,166 shares) represents a modest reduction versus the remaining position.
Key near‑term items to watch are any follow‑on sales under the same plan and any Form 4s that report plan termination or amendments within the next months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class P Common Stock | 6,166 | $28.172 | $174K |
Footnotes (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 $28.0155 to $28.80 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.
FAQ
What did the Kinder Morgan (KMI) Form 4 report on 10/06/2025?
The Form 4 reports an officer sale of 6,166 Class P common shares on 10/06/2025 at a weighted average price of $28.172, with 219,702 shares owned after the sale.
Were the sales made under a 10b5-1 trading plan for KMI?
Yes. The filer states the sales were effected pursuant to a 10b5-1 plan adopted on 05/07/2025.
Can investors get transaction‑level pricing for the KMI sale?
Yes. The reporting person offers to provide, upon request, the number of shares sold at each separate price to the SEC staff, the issuer, or a security holder.
Who filed the Form 4 for Kinder Morgan?
The Form 4 was filed by John W. Schlosser, listed as an officer with the title V.P. (President, Terminals).