[Form 4] KINDER MORGAN, INC. Insider Trading Activity

Rhea-AI Filing Summary

Kevin P. Grahmann, Vice President of Corporate Development at Kinder Morgan, Inc. (KMI), reported an open-market sale of company common stock on 09/15/2025. The filing shows 23,867 shares were sold at a weighted-average price of $27.6075 per share, with prices ranging from $27.60 to $27.625. After the sale, Mr. Grahmann beneficially owns 58,653 shares, reported as directly held. The filer notes the reported price is a weighted average from multiple transactions and offers to provide detailed per-transaction prices on request. This disclosure is a routine Section 16 reporting of an insider disposition and does not include derivative transactions.

Insights

Corporate Governance Expert

TL;DR: Insider sale reduces holdings but remains a disclosed, routine reported disposition with limited standalone governance concerns.

The sale of 23,867 shares at a weighted-average price of $27.6075 is a standard Section 16 disclosure showing an officer monetizing a portion of holdings while retaining 58,653 shares. There is no indication in the form of coordinated group action, option exercises, or related derivative activity. Because the report documents an open-market sale and the filer remains a meaningful shareholder, this appears to be ordinary liquidity management rather than a corporate-governance red flag. Impact is likely neutral for investors absent further context.

Securities Analyst

TL;DR: Transaction is a single reported insider disposition; size relative to total outstanding shares is not provided, so market impact is unclear.

The filing discloses a weighted-average sale price of $27.6075 across multiple trades and a remaining direct beneficial ownership of 58,653 shares. Without company share count or trading volume context, the sale’s market impact cannot be assessed from this form alone. The explicit note about price ranges improves transparency by offering to provide per-transaction pricing if requested. From a compliance and disclosure standpoint, the Form 4 meets reporting requirements for an officer sale.

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
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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^*

Grahmann Kevin P

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	V.P., Corporate Development

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		S		23,867	D	$27.6075(1)	58,653	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 $27.60 to $27.625 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/ Kevin P Grahmann	09/16/2025
	** 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).
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