Hess Midstream (HESM) insider sales total 62,456 shares, $2.60M proceeds

Rhea-AI Filing Summary

HESM Form 144 summary: A notice was filed reporting a proposed sale of 5,817 Class A shares with an aggregate market value of $191,600.34, to be sold on 10/08/2025 via Fidelity Brokerage Services LLC on the NYSE. The shares were acquired by restricted stock vesting from the issuer on 09/26/2025 and were paid as compensation. The filing also discloses insider sales in the prior three months: John A. Gatling sold 43,913 shares for $1,827,323.20 and the Gatling Family Trust sold 18,543 shares for $770,210.42, totaling 62,456 shares and $2,597,533.62 in gross proceeds. The signer certifies no undisclosed material adverse information.

Positive

• Restricted shares originated from compensation, not an open-market purchase
• Proposed sale is through a registered broker (Fidelity), indicating orderly disposition
• Filer includes the standard attestation that no undisclosed material adverse information exists

Negative

• Insiders sold a total of 62,456 shares in the past three months for $2,597,533.62
• Additional insider sale scheduled for 5,817 shares on 10/08/2025 worth $191,600.34

Insights

Insider Transactions Analyst

Insider locked shares vested; a modest portion is proposed for sale.

The filing shows 5,817 Class A shares from a restricted stock vesting on 09/26/2025 are proposed to be sold on 10/08/2025 through Fidelity, with an aggregate market value of $191,600.34. The acquisition and payment are recorded as compensation, which indicates these were earned equity rather than open-market purchases.

Recent sales by related parties total 62,456 shares for $2,597,533.62 in the past three months, showing ongoing monetization of holdings. Monitor short-term dilution and trading activity around the 10/08/2025 sale for potential share supply impacts.

Corporate Governance Analyst

Disclosure is routine and includes the required attestation on material nonpublic information.

The filer affirms they do not possess undisclosed material adverse information and indicates the sale arises from vested compensation. That representation is the standard certification required on this notice.

Governance considerations include the pattern of insider sales: cumulative insider proceeds of $2,597,533.62 in the prior three months may be noted by investors assessing insider confidence; this filing adds a $191,600.34 sale scheduled for 10/08/2025.

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	5817	191600.34	131084592	10/08/2025	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	09/26/2025	Restricted Stock Vesting	Issuer			5817	09/26/2025	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
John A. Gatling 1501 McKinney Street Houston TX 77010	Class A	08/12/2025	43913	1827323.20
Gatling Family Trust 1501 McKinney Street Houston TX 77010	Class A	08/12/2025	18543	770210.42

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 filed for 10/08/2025 report?

It reports a proposed sale of 5,817 Class A shares with an aggregate market value of $191,600.34, to be sold via Fidelity on 10/08/2025.

How were the shares being sold acquired (HESM)?

The 5,817 shares were acquired on 09/26/2025 by restricted stock vesting and were paid as compensation.

What insider sales occurred for HESM in the prior three months?

John A. Gatling sold 43,913 shares for $1,827,323.20 and the Gatling Family Trust sold 18,543 shares for $770,210.42, totaling 62,456 shares and $2,597,533.62 in gross proceeds.

Does the filer state possession of any undisclosed material information?

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

Through which exchange will the proposed HESM sale occur?

The notice indicates the sale is expected to occur on the NYSE via Fidelity Brokerage Services LLC.