Richard Kinder now directly holds 246,212,353 KMI shares

Rhea-AI Filing Summary

Kinder Morgan, Inc. insider activity: Executive Chairman and director Richard D. Kinder reported an open‑market purchase of 1,000,000 Class P common shares on 10/27/2025 at a $25.9649 weighted average price. The filing notes trades occurred between $25.805 and $26.095.

Following the purchase, he directly beneficially owns 246,212,353 shares. The filing also lists 61,479 shares held by his spouse and 11,812,747 shares held by a limited partnership, with stated disclaimers on beneficial interest.

Insights

Insider Transactions Analyst

Large open‑market insider purchase increased direct ownership; no derivatives; detailed price range disclosed.

Richard D. Kinder, Executive Chairman, Director, and 10% owner of Kinder Morgan, Inc., bought 1,000,000 shares of Class P common stock on 10/27/2025. The weighted average purchase price was $25.9649, with individual trades between $25.805 and $26.095. Following the transaction, directly owned shares total 246,212,353.

The filing also lists indirect holdings: 61,479 shares held by spouse (beneficial interest disclaimed) and 11,812,747 shares held by a limited partnership, of which 99% beneficial ownership is disclaimed. No derivative securities were reported in Table II. Ownership is predominantly direct, which is simpler to interpret under Section 16 reporting.

What it means: a material open‑market purchase by a control person increases reported beneficial ownership and adds transparent execution details. Why it matters: open‑market buying by a top insider can change float dynamics and governance influence. Watch for additional Form 4s around late Oct–Nov 2025, any changes in indirect positions, and whether further acquisitions occur at similar price levels.

Insider Trade Summary

Net Buyer: 1,000,000 shares ($25,964,900)

Net Buy 3 txns

Insider KINDER RICHARD D

Role Executive Chairman

Bought 1,000,000 shs ($25.96M)

Type	Security	Shares	Price	Value
Purchase	Class P Common Stock	1,000,000	$25.9649	$25.96M
holding	Class P Common Stock	--	--	--
holding	Class P Common Stock	--	--	--

Holdings After Transaction: Class P Common Stock — 246,212,353 shares (Direct); Class P Common Stock — 61,479 shares (Indirect, By Spouse)

Footnotes (1)

1. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.805 to $26.095 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. The reporting person disclaims any and all beneficial or pecuniary interest in the shares owned by his spouse. The reporting person disclaims 99% of any beneficial ownership of the shares owned by such limited partnership.

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).

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^*

KINDER RICHARD D

(Last) (First) (Middle)

1001 LOUISIANA

SUITE 1000

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

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

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2025

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

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

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

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	10/27/2025		P		1,000,000	A	$25.9649(1)	246,212,353	D
Class P Common Stock								61,479	I	By Spouse(2)
Class P Common Stock								11,812,747	I	By Limited Partnership(3)

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. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.805 to $26.095 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.

2. The reporting person disclaims any and all beneficial or pecuniary interest in the shares owned by his spouse.

3. The reporting person disclaims 99% of any beneficial ownership of the shares owned by such limited partnership.

Remarks:

	/s/ Richard D. Kinder	10/28/2025
	** 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.

FAQ

What did EP’s insider report in this Form 4?

Richard D. Kinder reported purchasing 1,000,000 Class P common shares of Kinder Morgan, Inc. on 10/27/2025.

At what price were the shares acquired per the EP filing?

The weighted average purchase price was $25.9649, with trades ranging from $25.805 to $26.095 per share.

How many shares does the insider directly own after the transaction, per EP?

Direct beneficial ownership is 246,212,353 shares after the reported purchase.

Does the EP filing disclose indirect holdings?

Yes. It lists 61,479 shares held by spouse and 11,812,747 shares held by a limited partnership, with stated disclaimers.

What transaction code appears in EP’s insider report?

Transaction code P, indicating an open‑market or private purchase.

Who filed the EP Form 4?

It was signed by Richard D. Kinder, Executive Chairman, who is also a director and 10% owner.