HESM Form 144 Filed for $2.60M Sale of 62,458 Class A Units

Rhea-AI Filing Summary

Form 144 notice filed for Hess Midstream LP (HESM) Class A shares proposes the sale of 62,458 Class A units through Fidelity Brokerage Services on 08/12/2025, with an aggregate market value of $2,597,533.62 and the securities to be sold on the NYSE. The filing reports 131,084,592 Class A shares outstanding, so the proposed sale represents approximately 0.048% of outstanding Class A units.

The acquisition history in the filing lists purchases, dividend reinvestments and restricted-stock vesting entries dated between 03/16/2018 and 03/08/2025, documenting the origins of the shares to be sold. The filing shows "Nothing to Report" for securities sold during the past three months. Certain filer identification fields (CIK and filer name) and issuer address details are not provided in the supplied content.

Positive

• Rule 144 disclosure provided with broker, sale date, share count and aggregate market value
• Acquisition history included showing purchases, dividend reinvestments and restricted-stock vesting from 2018 to 2025
• No securities sold in the past three months is explicitly reported as "Nothing to Report"

Negative

• Filer identification fields (CIK and filer name) are not present in the supplied content
• Issuer address and certain issuer contact details are not provided in the extract

Insights

Financial Analyst

TL;DR: Small insider sale disclosed; size is immaterial versus outstanding shares.

The Form 144 reports a proposed sale of 62,458 Class A shares valued at $2.60M, to be executed via Fidelity on 08/12/2025. Relative to 131,084,592 outstanding Class A shares, this equals roughly 0.048%, which is unlikely to move market valuation by itself. The filing documents the provenance of the shares through open-market purchases, dividend reinvestments and multiple restricted-stock vesting events between 2018 and 2025, supporting Rule 144 transferability claims. No sales in the prior three months are reported. Overall, the disclosure is routine and informational.

Corporate Governance Expert

TL;DR: Filing demonstrates procedural compliance but lacks visible filer identification in the provided extract.

The notice supplies required transaction details: broker name, number of units, aggregate market value, exchange and acquisition history, which aligns with Rule 144 disclosure practices. However, key filer identification fields (CIK and filer name) and issuer address are blank or not shown in the supplied content, limiting the ability to verify the filer or link this sale to a named insider from this excerpt alone. The statement that there were no sales in the past three months is included, and the filer makes the standard Rule 144 representation regarding material nonpublic information.

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
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	62458	2597533.62	131084592	08/12/2025	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 *
Class A	03/16/2018	Open Market Purchase	Issuer			5100	03/16/2018	Cash
Class A	12/26/2018	Open Market Purchase	Issuer			12000	12/26/2018	Cash
Class A	08/12/2020	Dividend Reinvestment	Issuer			754	08/12/2020	Cash
Class A	02/10/2021	Dividend Reinvestment	Issuer			690	02/10/2021	Cash
Class A	04/05/2018	Restricted Stock Vesting	Issuer			1449	04/05/2018	Compensation
Class A	04/05/2019	Restricted Stock Vesting	Issuer			1449	04/05/2019	Compensation
Class A	03/08/2020	Restricted Stock Vesting	Issuer			5658	03/08/2020	Compensation
Class A	04/05/2020	Restricted Stock Vesting	Issuer			1450	04/05/2020	Compensation
Class A	08/12/2020	Dividend Reinvestment	Issuer			331	08/12/2020	Cash
Class A	02/10/2021	Dividend Reinvestment	Issuer			302	02/10/2021	Cash
Class A	03/13/2021	Restricted Stock Vesting	Issuer			5886	03/13/2021	Compensation
Class A	03/13/2022	Restricted Stock Vesting	Issuer			5328	03/13/2022	Compensation
Class A	03/08/2023	Restricted Stock Vesting	Issuer			4694	03/08/2023	Compensation
Class A	03/13/2023	Restricted Stock Vesting	Issuer			4719	03/13/2023	Compensation
Class A	03/08/2024	Restricted Stock Vesting	Issuer			6923	03/08/2024	Compensation
Class A	03/08/2025	Restricted Stock Vesting	Issuer			5725	03/08/2025	Compensation

* 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 disclose?

The filing discloses a proposed sale of 62,458 Class A shares via Fidelity, aggregate value $2,597,533.62, on 08/12/2025, to be sold on the NYSE.

How large is the sale relative to HESM outstanding shares?

The filing reports 131,084,592 Class A shares outstanding; the proposed sale is about 0.048% of outstanding Class A units.

Who is the broker handling the sale for HESM Form 144?

The broker listed is Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI 02917.

Does the filing report any sales in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

What is the acquisition history for the shares to be sold?

Acquisitions include open-market purchases, dividend reinvestments and restricted-stock vesting entries dated between 03/16/2018 and 03/08/2025 with specific lots and quantities listed in the filing.