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Kinetik Holdings: Buzzard proposes $5.1M share sale

The shares were received in a July 29, 2026, one-for-one exchange for Kinetik Holdings LP common units.

(Neutral)

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Form Type
144

Rhea-AI Filing Summary

Kinetik Holdings Inc. (KNTK) is the issuer in a notice for a proposed sale by Buzzard Midstream LLC, filed by ISQ Global Fund II GP LLC on Buzzard’s behalf. The notice covers 94,570 Class A common shares, with an aggregate market value of $5,102,051.50 and October 6, 2026, as the approximate sale date; Goldman Sachs & Co. LLC is listed as broker. ISQ Global Fund II GP LLC is identified as a 10% stockholder and states it exercises voting and investment power over shares directly held by Buzzard. Gautam Bhandari, listed as Director, signed the notice.

Shares proposed for sale 94,570 shares Class A common shares
Aggregate market value $5,102,051.50 Proposed sale
Shares outstanding 80,442,263 shares Count reported alongside the proposed-sale details
Shares received in unit redemption 94,570 shares Exchanged one-for-one for common units on July 29, 2026
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.
aggregate market value financial
"Aggregate market value"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
limited partnership interests financial
"common units representing limited partnership interests in Kinetik Holdings LP"
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 questions and answers. How Rhea-AI works. Not financial advice.

How many KNTK shares does Buzzard Midstream plan to sell?

Buzzard Midstream LLC is named as the account for the proposed sale of 94,570 Class A common shares, with an aggregate market value of $5,102,051.50. The approximate sale date is October 6, 2026, and Goldman Sachs & Co. LLC is listed as broker.

How did Buzzard Midstream get the KNTK shares listed for sale?

The shares are listed as received on July 29, 2026, through the redemption of common units representing limited partnership interests in Kinetik Holdings LP, exchanged for Class A common shares on a one-for-one basis.

Who is selling KNTK shares under the notice?

Buzzard Midstream LLC is named as the account for the sale, and ISQ Global Fund II GP LLC filed on its behalf. ISQ states that it is general partner of members of Buzzard’s indirect owners and, in that capacity, exercises voting and investment power over shares directly held by Buzzard.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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