HESM Form 144 Filed for 20,000 Common Shares via Morgan Stanley

Rhea-AI Filing Summary

Hess Midstream LP (HESM) Form 144 reports a proposed sale of 20,000 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an approximate sale date of 08/11/2025. The filing lists an aggregate market value of $829,528.00 and 131,084,592 shares outstanding.

The securities were acquired in the issuer's IPO on 04/05/2017 from the issuer and paid on that date. The filing states "Nothing to Report" for securities sold in the past three months and includes the standard signer representation that they are not aware of any undisclosed material adverse information.

Positive

• Proposed sale size disclosed: 20,000 common shares clearly listed
• Aggregate market value provided: $829,528.00
• Acquisition details included: securities acquired in IPO on 04/05/2017
• No reported sales in prior three months: filing states "Nothing to Report"

Negative

• Key filer identifiers missing or blank: filer CIK/CCC not provided in the provided text
• Issuer/contact fields incomplete: issuer name, address and contact entries are not populated in the extracted content

Insights

Financial Analyst

TL;DR: Proposed sale of 20,000 HESM common shares valued at $829,528; transaction size is immaterial relative to outstanding shares.

The filing documents a single proposed sale of 20,000 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $829,528. Using the filing's figures, the 20,000 shares represent approximately 0.015% of the reported 131,084,592 shares outstanding, indicating the transaction is very small in absolute and relative terms. The shares were acquired in the issuer IPO on 04/05/2017 and there are no reported sales in the prior three months. Absent additional context or larger aggregated insider dispositions, this notice appears routine and unlikely to move investor valuation materially.

Corporate Governance Expert

TL;DR: Form 144 disclosure is routine; key identification fields are incomplete in the filing record provided.

The Form 144 properly lists the class, broker, approximate sale date, acquisition date and original acquisition method (IPO). It also contains the required representation regarding material nonpublic information. However, the document as presented omits or leaves blank several identifying fields (for example, filer CIK/CCC and issuer contact details are not included in the provided text). Complete identification is important for transparency and regulatory traceability even when the transaction size is small.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	20000	829528.00	131084592	08/11/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	04/05/2017	Shares from IPO	Issuer			20000	04/05/2017	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the HESM Form 144 report?

The filing reports a proposed sale of 20,000 common shares of Hess Midstream LP (HESM) with an aggregate market value of $829,528.00.

Which broker will handle the HESM sale?

The sale is listed with Morgan Stanley Smith Barney LLC (Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004) as the broker.

When is the approximate sale date for the HESM shares?

The filing gives an approximate sale date of 08/11/2025.

How and when were the shares being sold originally acquired?

The 20,000 shares were acquired in the issuer's IPO on 04/05/2017 from the issuer; payment is listed as made on that date.

Has the filer sold any HESM securities in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.

Does the filing assert the filer has undisclosed material information?

By signing, the filer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.