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

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4
Insider Michels David Patrick
Role VP and Chief Financial Officer
Sold 40,000 shs ($1.13M)
Approx. gross sale proceeds $1.13M
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Class P Common Stock 40,000 $28.1929 $1.13M
Exercise Restricted Stock Unit 86,656 $0.00 $0.00
Exercise Class P Common Stock 86,656 $0.00 $0.00
Exercise Price or Tax Liability Class P Common Stock 33,696 $28.06 $946K
Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Class P Common Stock — 159,428 shares (Direct)
Footnotes (7)
  1. F1. This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date.
  2. F2. Represents shares withheld by the issuer to satisfy tax withholding obligations upon the reported vesting of restricted stock units.
  3. F3. Closing price of Class P Common Stock on the date of vesting.
  4. F4. Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on February 19, 2025 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.
  5. F5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.11 to $28.45 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.
  6. F6. Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.
  7. F7. These restricted stock units vested on July 31, 2025.

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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*
Michels David Patrick
(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)
VP and Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025
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 07/31/2025 M(1) 86,656 A $0 233,124 D
Class P Common Stock 07/31/2025 F(2) 33,696 D $28.06(3) 199,428 D
Class P Common Stock 08/04/2025 S(4) 40,000 D $28.1929(5) 159,428 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
Restricted Stock Unit (6) 07/31/2025 M 86,656 (7) (7) Class P Common Stock 86,656 $0 0 D
Explanation of Responses:
1. This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date.
2. Represents shares withheld by the issuer to satisfy tax withholding obligations upon the reported vesting of restricted stock units.
3. Closing price of Class P Common Stock on the date of vesting.
4. Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on February 19, 2025 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.
5. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.11 to $28.45 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.
6. Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.
7. These restricted stock units vested on July 31, 2025.
Remarks:
/s/ David P. Michels 08/04/2025
** 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.

Source: View Original Filing on SEC EDGAR