Kinder Morgan (NYSE: KMI) VP sells 1,550 shares in 10b5-1 plan trade

Rhea-AI Filing Summary

Kinder Morgan, Inc. vice president Michael P. Garthwaite reported an open-market sale of 1,550 shares of Class P common stock at a weighted average price of about $31.44 per share. After the sale, he directly holds 41,743 shares of Kinder Morgan stock.

The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which was previously adopted by the reporting person. The filing notes that the shares were sold in multiple trades within a price range from $31.2851 to $31.535 per share.

Insider Trade Summary 10b5-1

Net Seller: 1,550 shares ($48,727)

Net Sell 1 txn

Insider Garthwaite Michael P.

Role VP (Pres., Products Pipelines)

Sold 1,550 shs ($49K)

Type	Security	Shares	Price	Value
Sale	Class P Common Stock	1,550	$31.437	$49K

Holdings After Transaction: Class P Common Stock — 41,743 shares (Direct, null)

Footnotes (1)

1. Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 9, 2025 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.2851 to $31.535 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.

Key Figures

Shares sold: 1,550 shares Weighted average sale price: $31.437 per share Post-transaction holdings: 41,743 shares +2 more

5 metrics

Shares sold 1,550 shares Open-market sale of Class P Common Stock

Weighted average sale price $31.437 per share Average price for reported 1,550-share sale

Post-transaction holdings 41,743 shares Shares beneficially owned following transaction

Price range of sales $31.2851–$31.535 per share Range of individual trade prices

Net shares sold 1,550 shares Net-sell direction in transaction summary

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, Class P Common Stock

4 terms

Rule 10b5-1 trading plan regulatory

"Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class P Common Stock financial

"security_title: Class P Common Stock"

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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).

X

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^*

Garthwaite Michael P.

(Last) (First) (Middle)

1001 LOUISIANA STREET, SUITE 1000

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	VP (Pres., Products Pipelines)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

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

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

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

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	06/16/2026		S(1)		1,550	D	$31.437(2)	41,743	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. Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on December 9, 2025 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.2851 to $31.535 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/ Michael P. Garthwaite	06/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Kinder Morgan (KMI) disclose in this Form 4?

Kinder Morgan reported that VP Michael P. Garthwaite sold 1,550 shares of Class P common stock in an open-market transaction. The filing classifies this as a sale and shows it was executed under a Rule 10b5-1 trading plan.

At what price did the Kinder Morgan (KMI) insider sell shares?

The reported weighted average sale price was about $31.437 per share. Footnotes explain the 1,550 shares were sold in multiple trades, with individual prices ranging from $31.2851 to $31.535 per share.

How many Kinder Morgan (KMI) shares does the insider hold after this sale?

After selling 1,550 shares, Michael P. Garthwaite directly holds 41,743 shares of Kinder Morgan Class P common stock. This remaining stake is disclosed in the Form 4 as the total shares beneficially owned following the reported transaction.

Was the Kinder Morgan (KMI) insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans are pre-arranged trading programs designed to allow insiders to sell shares on a scheduled basis.

What does the weighted average price mean in this Kinder Morgan (KMI) Form 4?

The weighted average price of $31.437 reflects multiple trades executed at slightly different prices. Footnotes note that individual sale prices ranged from $31.2851 to $31.535, and full trade details are available to the SEC, the issuer, or shareholders upon request.