[Form 4] Kinder Morgan, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kinder Morgan Executive Vice President Dax Sanders reported an insider sale on Form 4. On 08/11/2025 Sanders disposed of 30,127 shares of Class P common stock at a weighted average price of $27.0521 per share, in multiple transactions priced between $27.05 and $27.055. Following the transactions he beneficially owns 292,000 shares directly. No derivative transactions are reported on this Form 4. The filer offers to provide, upon request, the detailed breakdown of the number of shares sold at each price. The form is signed by Sanders on 08/13/2025.

Positive

• Transparent pricing disclosure: the filer reports a weighted average price and offers to provide per-transaction details on request.
• No derivative transactions are reported on Table II, simplifying the ownership picture for investors.

Negative

• Insider sale reported: Executive Vice President Dax Sanders disposed of 30,127 Class P shares on 08/11/2025.
• Reduced direct holdings: the filing shows Sanders' direct beneficial ownership at 292,000 shares following the sale.

Insights

Financial Analyst

TL;DR: Officer sale of 30,127 KMI shares disclosed; remaining direct holdings are 292,000 shares, no derivatives reported.

The Form 4 documents a direct disposition by Executive Vice President Dax Sanders on 08/11/2025. The filing provides a weighted average sale price of $27.0521 and a stated price range, and it records the reporter's continuing direct beneficial ownership at 292,000 shares. From a market-impact perspective the filing is a transparent disclosure of insider activity; the document itself does not disclose any other corporate changes or derivative positions that would amplify material impact.

Corporate Governance Expert

TL;DR: Form 4 appears compliant with Section 16 disclosure, includes weighted-average pricing and an offer to provide transaction details.

The filing is signed and includes an explicit explanation that the reported price is a weighted average from multiple transactions and that the reporting person will provide a complete price-by-price breakdown on request. This level of disclosure supports regulatory compliance and transparency. No amendments or additional group filers are indicated; the filing is made by one reporting person and shows no derivative holdings to disclose.

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^*

Sanders Dax

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		S		30,127	D	$27.0521(1)	292,000	D

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 sold in multiple transactions at prices ranging from $27.05 to $27.055 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.

Remarks:

	/s/ Dax Sanders	08/13/2025
	** 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 KMI executive Dax Sanders disclose on the Form 4?

The Form 4 discloses that Dax Sanders sold 30,127 Class P shares of Kinder Morgan on 08/11/2025 at a weighted average price of $27.0521 per share.

How many KMI shares does Sanders beneficially own after the transaction?

The filing reports Sanders' direct beneficial ownership as 292,000 shares following the reported sale.

Does the Form 4 report any derivative securities for KMI by Sanders?

No. Table II of the Form 4 contains no reported derivative securities for the reporting person.

When was the Form 4 signed and filed?

The signature block shows the Form 4 was signed by Dax Sanders on 08/13/2025.

What price range were the shares sold at?

The explanatory note states the shares were sold in multiple transactions at prices ranging from $27.05 to $27.055 per share; the reported weighted average is $27.0521.