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

Rhea-AI Filing Summary

Kinder Morgan, Inc. (KMI) – Form 4 insider transaction

Director Amy W. Chronis purchased 2,759 Class P common shares on 28-Jul-2025 in an open-market trade coded “P.” The weighted-average purchase price was $27.2052 (range: $27.205-$27.2052). After the buy, Chronis’ direct holdings rise to 34,764 shares.

No derivative securities were involved, and there were no concurrent sales. The filing was signed 29-Jul-2025.

Positive

• Open-market purchase by an independent director suggests incremental insider confidence.
• No concurrent sales or derivative activity, avoiding mixed signals.

Negative

• Small transaction size (~$75k) and minimal ownership percentage limit market significance.

Insights

Securities Analyst

TL;DR: Small open-market buy signals incremental confidence but is immaterial to valuation.

Form 4 shows a director adding 2,759 KMI shares for ~$75k. Code “P” confirms an outright purchase rather than option exercise, typically interpreted as a modest confidence signal. However, the purchase increases Chronis’ stake by only ~8.6%, leaving total ownership below 35k shares—immaterial relative to KMI’s 2.2 bn shares outstanding. No derivatives or multiple insiders are disclosed, limiting signaling power. Overall market impact should be minimal, yet the transaction is directionally positive.

Corporate Governance Expert

TL;DR: Insider buy modestly improves governance optics; impact limited.

An independent director allocating personal capital to KMI aligns board and shareholder interests. While the absolute dollar amount is small, the lack of any simultaneous disposals removes negative optics. The transaction timing—just before Q2 results typically—may be scrutinized but remains lawful under Section 16. From a governance lens, the action is positive yet not transformative.

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).

1. Name and Address of Reporting Person^*

Chronis Amy W

(Last) (First) (Middle)

1001 LOUISIANA STREET, 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025

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	07/28/2025		P		2,759	A	$27.2052(1)	34,764	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 $27.205 to $27.2052 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/ Amy W. Chronis	07/29/2025
	** 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

How many KMI shares did Director Amy W. Chronis buy?

She purchased 2,759 Class P common shares.

What price did the insider pay for Kinder Morgan stock?

The weighted-average price was $27.2052 per share.

What is Chronis’ total KMI ownership after the purchase?

Her direct holdings increased to 34,764 shares.

What does transaction code "P" mean on Form 4?

"P" denotes an open-market or private purchase of the issuer’s equity.

When did the KMI insider transaction occur?

The trade date was 28-Jul-2025; the Form 4 was filed 29-Jul-2025.