Equity awards for Kinetik Holdings (NYSE: KNTK) officer Howard Trevor

Rhea-AI Filing Summary

Howard Trevor reported acquisition or exercise transactions in this Form 4 filing.

Kinetik Holdings Inc. reported that officer Howard Trevor received new equity awards tied to future performance and service. He was granted 19,606 shares of Class A Common Stock in the form of restricted stock units under the company’s omnibus compensation plan, which generally vest on January 1, 2029 if he remains with the company.

Trevor was also granted 9,803 performance share units (PSUs), each representing a contingent right to one share of Class A Common Stock. Between 0% and 200% of these PSUs may vest based on his continued service and the company’s annualized total shareholder return from January 1, 2026 through December 31, 2028. In addition, he accrued 291 dividend-equivalent PSUs, which mirror the vesting and settlement terms of the underlying PSUs and are payable in Class A Common Stock on a one-for-one basis when the related units vest.

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

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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^*

Howard Trevor

(Last) (First) (Middle)

2700 POST OAK BLVD., SUITE 300

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kinetik Holdings Inc. [ KNTK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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 A Common Stock, par value $0.001	02/20/2026		A(1)		19,606	A	$0	244,893(1)	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
Performance Share Units	(2)	02/20/2026		A		9,803		(2)	(2)	Class A Common Stock, par value $0.001	18,340	$0	18,340	D
Performance Share Units	(3)	02/20/2026		A		291		(3)	(3)	Class A Common Stock, par value $0.001	18,631	$0	18,631	D

Explanation of Responses:

1. Includes an award of restricted stock units ("RSUs") granted to the Reporting Person under the Kinetik Holding Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan (the "Plan") that will generally vest on January 1, 2029, subject to the Reporting Person's continued service relationship with the Company through such date and may be settled only for shares of Class A Common Stock on a one-for-one basis.

2. Represents an award of performance share units ("PSUs") representing a contingent right to receive one share of Class A Common Stock. Between 0% and 200% of the target number of PSUs granted, which were granted under the Plan, are eligible to vest based on continued service relationship with the Company and the Company's annualized total shareholder return over the period from January 1, 2026, through December 31, 2028.

3. Reflects 291 dividend equivalent shares accrued on PSUs granted to the Reporting Person under the Plan and the Company's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 4 filing. Each dividend equivalent unit reflects the right to receive Class A Common Stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU. During the 2-year vesting period, the award will be credited with dividend equivalents that will be paid out in Class A Common Stock at the time the underlying units vest and shares are issued. The award and credited dividend will be payable on a one-to-one basis of Class A Common Stock for each vested PSU, including PSUs resulting from dividend equivalents.

Remarks:

SVP, Chief Financial Officer

	By: /s/ Lindsay Ellis, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Kinetik Holdings (KNTK) report for Howard Trevor?

Kinetik Holdings reported that officer Howard Trevor received equity awards, not open-market trades. He was granted restricted stock units and performance share units that may convert into Class A Common Stock over time, subject to service and performance conditions tied to shareholder returns.

How many restricted stock units did Howard Trevor receive from Kinetik Holdings (KNTK)?

Howard Trevor received 19,606 restricted stock units in the form of Class A Common Stock. These units were granted under Kinetik Holdings’ Amended and Restated 2019 Omnibus Compensation Plan and generally vest on January 1, 2029, if his service relationship with the company continues through that date.

What performance conditions apply to Howard Trevor’s PSUs at Kinetik Holdings (KNTK)?

The performance share units vest based on Kinetik Holdings’ annualized total shareholder return from January 1, 2026, through December 31, 2028. Between 0% and 200% of the target 9,803 units may vest, assuming continued service, with each vested unit delivering one share of Class A Common Stock.

What are the 291 dividend-equivalent units reported for Kinetik Holdings (KNTK)?

The 291 units are dividend-equivalent PSUs accrued on earlier PSU grants to Howard Trevor. Each reflects the right to receive Class A Common Stock on the same vesting and settlement terms as the underlying PSUs, paying out share-for-share when those performance units ultimately vest and shares are issued.

Does the Form 4 for Kinetik Holdings (KNTK) show Howard Trevor buying or selling shares?

The Form 4 shows awards being granted, not open-market buying or selling. All reported transactions use code “A” for grants or other acquisitions, covering restricted stock units, new performance share units, and dividend-equivalent PSUs that may convert into Class A Common Stock over time.