Kinetik (NYSE: KNTK) holder plans more sales after $11.9M August trade
Rhea-AI Filing Summary
Kinetik Holdings Inc. (KNTK) received a Rule 144 notice relating to planned sales of its Class A Common Stock for the account of Buzzard Midstream LLC. The notice covers 64,898 shares expected to be issued and sold on 07/29/2026 through redemption of common units in Kinetik Holdings LP on a one-for-one basis into Class A shares.
The selling account is Buzzard Midstream LLC, with ISQ Global Fund II GP LLC exercising voting and investment power and filing on its behalf. The filer also reports multiple prior open-market sales of Kinetik Class A shares during August 2026, including blocks such as 235,349 shares on 08/06/2026 and 147,516 shares on 08/11/2026.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold: 64,898 shares
Proposed sale date: 07/29/2026
Prior sale 08/06/2026: 235,349 shares
+3 more
6 metrics
Shares to be sold
64,898 shares
Class A Common Stock covered by the Rule 144 notice
Proposed sale date
07/29/2026
Date associated with the planned Rule 144 sale and unit redemption
Prior sale 08/06/2026
235,349 shares
Class A Common Stock sold on 08/06/2026
Proceeds 08/06/2026
$11,890,040.68
Dollar amount for the 235,349-share sale on 08/06/2026
Prior sale 08/11/2026
147,516 shares
Class A Common Stock sold on 08/11/2026
Proceeds 08/11/2026
$7,675,283.68
Dollar amount for the 147,516-share sale on 08/11/2026
Key Terms
Rule 144, 10% Stockholder, redemption of common units, limited partnership interests, +1 more
5 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
10% Stockholder regulatory
"In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice. 10% Stockholder"
redemption of common units financial
"Redemption of common units representing limited partnership interests in Kinetik Holdings LP in exchange for shares of Class A Common Stock"
limited partnership interests financial
"Redemption of common units representing limited partnership interests in Kinetik Holdings LP in exchange for shares"
An ownership stake in a limited partnership gives an investor the role of a limited partner who provides capital but does not run day-to-day operations; a separate general partner manages the business. It matters because limited partners share profits, losses, and tax benefits but generally cannot lose more than they invested and have little control or liquidity—think of it like quietly funding a small business while someone else manages it, with potential return and risk tied to the venture’s performance.
voting and investment power regulatory
"exercises voting and investment power over the securities directly held by Buzzard Midstream LLC"
FAQ
AI-generated analysis. How Rhea-AI works. Not financial advice.