Kinetik holder sells 45K shares at $55.06

A ten‑percent beneficial owner of Kinetik Holdings, through Buzzard Midstream LLC, reported an open‑market sale of 45,428 Class A shares.

Rhea-AI Filing Summary

Kinetik Holdings Inc. (KNTK) had a Form 4 filed reporting that an affiliated holder sold Class A Common Stock. On September 1, 2026, entity-associated holdings sold 45,428 shares at a weighted average price of $55.0615 per share in open-market or private transactions, leaving 797,136 shares indirectly held. The shares are directly owned by Buzzard Midstream LLC, over which an ownership chain including ISQ Global Fund II GP LLC, I Squared Capital, LLC and ISQ Holdings, LLC exercises voting and investment power, while Sadek Wahba and Gautam Bhandari disclaim beneficial ownership except to the extent of their pecuniary interests. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Seller: 45,428 shares

Net Sell 1 txn

Insider ISQ Global Fund II GP LLC, I Squared Capital, LLC, ISQ Holdings, LLC, Wahba Sadek, Bhandari Gautam

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 45,428 shs ($2.50M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	45,428	$55.0615	$2.50M

Holdings After Transaction: Class A Common Stock — 797,136 shares (Indirect, See Explanation of Responses)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.81, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
2. F2. The securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP, LLC ("Fund II GP") is the general partner of the members of the indirect owners of Buzzard Midstream LLC and, in such capacity, exercises voting and investment power over the securities directly held by Buzzard Midstream LLC. I Squared Capital, LLC ("I Squared Capital") is the sole member of Fund II GP. ISQ Holdings, LLC ("ISQ Holdings") is the managing member of I Squared Capital. Each of Sadek Wahba and Gautam Bhandari is a member of ISQ Holdings and disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein.

Key Figures

Shares sold: 45,428 shares Weighted average sale price: $55.0615 per share Post-transaction indirect holdings: 797,136 shares +2 more

5 metrics

Shares sold 45,428 shares Class A Common Stock sold on September 1, 2026

Weighted average sale price $55.0615 per share Weighted average for transactions ranging from $55.00 to $55.81

Post-transaction indirect holdings 797,136 shares Class A Common Stock indirectly held following the reported sale

Price range of sales $55.00–$55.81 per share Range of prices for multiple sale executions on September 1, 2026

Net buy/sell shares in filing 45,428 shares net sold Net share change across all non-derivative transactions reported

Key Terms

weighted average price, indirect owners, voting and investment power, disclaims beneficial ownership, +1 more

5 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

indirect owners financial

"general partner of the members of the indirect owners of Buzzard Midstream LLC"

voting and investment power financial

"exercises voting and investment power over the securities directly held"

disclaims beneficial ownership financial

"disclaims beneficial ownership over the securities reported herein"

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

What insider transaction did KNTK report on this Form 4?

Kinetik Holdings Inc. reported that an affiliated holder sold 45,428 shares of Class A Common Stock on September 1, 2026 in a sale classified as an open-market or private transaction.

At what price were the KNTK shares sold in this Form 4 filing?

The filing reports a weighted average price of $55.0615 per share, with individual sale prices ranging from $55.00 to $55.81 for the 45,428 Kinetik Holdings Inc. shares sold.

How many KNTK shares does the reporting group hold after the reported sale?

After the sale, the filing states that 797,136 shares of Kinetik Holdings Inc. Class A Common Stock are indirectly held through the reporting ownership structure headed by Buzzard Midstream LLC.

Who actually holds the KNTK shares involved in this Form 4?

The securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP LLC, I Squared Capital, LLC and ISQ Holdings, LLC sit above it in the ownership chain and exercise voting and investment power over these Kinetik Holdings Inc. shares.

Do the individuals on this KNTK Form 4 claim full beneficial ownership?

No. The filing states that Sadek Wahba and Gautam Bhandari, as members of ISQ Holdings, LLC, disclaim beneficial ownership of the Kinetik Holdings Inc. securities except to the extent of their pecuniary interest.

Was the KNTK insider sale made under a Rule 10b5-1 trading plan?

The document-level checkbox indicates no Rule 10b5-1 trading plan for the reported Kinetik Holdings Inc. transaction, so the sale is not affirmatively described as made under such a pre-arranged plan.

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Available on EDGAR 09/03/2026 - 05:32 PM Accepted by SEC EDGAR 09/03/2026 - 05:28 PM Learn about SEC filing dates

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).

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^*

ISQ Global Fund II GP LLC

(Last) (First) (Middle)

600 BRICKELL AVENUE

PENTHOUSE

(Street)

MIAMI FLORIDA 33131-3067

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/01/2026		S		45,428	D	$55.0615(1)	797,136	I	See Explanation of Responses(2)

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

1. Name and Address of Reporting Person^*

ISQ Global Fund II GP LLC

(Last) (First) (Middle)

600 BRICKELL AVENUE

PENTHOUSE

(Street)

MIAMI FLORIDA 33131-3067

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

I Squared Capital, LLC

(Last) (First) (Middle)

600 BRICKELL AVENUE

PENTHOUSE

(Street)

MIAMI FLORIDA 33131-3067

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

ISQ Holdings, LLC

(Last) (First) (Middle)

600 BRICKELL AVENUE

PENTHOUSE

(Street)

MIAMI FLORIDA 33131-3067

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Wahba Sadek

(Last) (First) (Middle)

600 BRICKELL AVENUE

PENTHOUSE

(Street)

MIAMI FLORIDA 33131-3067

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Bhandari Gautam

(Last) (First) (Middle)

600 BRICKELL AVENUE

PENTHOUSE

(Street)

MIAMI FLORIDA 33131-3067

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

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 $55.00 to $55.81, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP, LLC ("Fund II GP") is the general partner of the members of the indirect owners of Buzzard Midstream LLC and, in such capacity, exercises voting and investment power over the securities directly held by Buzzard Midstream LLC. I Squared Capital, LLC ("I Squared Capital") is the sole member of Fund II GP. ISQ Holdings, LLC ("ISQ Holdings") is the managing member of I Squared Capital. Each of Sadek Wahba and Gautam Bhandari is a member of ISQ Holdings and disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein.

	ISQ Global Fund II GP, LLC, By: /s/ Gautam Bhandari, Director	09/03/2026
	I Squared Capital, LLC, By: ISQ Holdings, LLC, its managing member, By: /s/ Gautam Bhandari, Manager	09/03/2026
	ISQ Holdings, LLC, By: /s/ Gautam Bhandari, Manager	09/03/2026
	/s/ Sadek Wahba	09/03/2026
	/s/ Gautam Bhandari	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)