KNTK Form 4: Insider purchase and PSU accrual details

Rhea-AI Filing Summary

Kinetik Holdings (KNTK) insider transaction: A reporting person bought 8,000 shares of Class A Common Stock on 11/10/2025 at a weighted average price of $34.57. Following the purchase, directly held shares were 3,687,791. Indirect holdings included 1,462 shares held by a spouse and 1,772 shares held via a 401(k) plan.

The filing also reflects 3,707 dividend-equivalent shares accrued on previously granted Performance Share Units, with 106,860 underlying shares of Class A Common Stock shown for these derivative awards. Dividend equivalents will be credited during a 2-year vesting period and paid out in stock when units vest.

Insights

Corporate governance analyst

Routine insider buy and PSU accrual; neutral impact.

The insider reported purchasing 8,000 Kinetik Class A shares on 11/10/2025 at a weighted average of $34.57, bringing direct holdings to 3,687,791 shares. Indirect positions include spouse-held 1,462 shares and 1,772 shares in a 401(k).

The filing also records 3,707 dividend-equivalent shares accruing on Performance Share Units, with 106,860 underlying shares tied to these awards. Dividend equivalents accrue during a 2-year vesting period and settle in stock upon vesting.

This is an administrative disclosure of ownership changes rather than a thesis-changing event. Actual market impact depends on future transactions and vesting outcomes disclosed in subsequent reports.

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
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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^*

Welch Jamie

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

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 A Common Stock, par value $0.001	11/10/2025		P		8,000	A	$34.57(1)	3,687,791(2)	D
Class A Common Stock, par value $0.001								1,462(3)	I	By spouse
Class A Common Stock								1,772(4)	I	By 401(k) plan

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	(5)	11/10/2025		A		3,707		(5)	(5)	Class A Common Stock, par value $0.001	106,860	$0	106,860	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were bought at multiple transactions at prices ranging from $34.40 to $35.40, inclusive. The reporting person undertakes to provide to Kinetik Holdings Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares bought at each separate price within the range set forth in this footnote.

2. Includes 3,392 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act (the "Exchange") of 1934 that were acquired under the Company's Dividend and Distribution Reinvestment Plan (the "DRIP") after the Reporting Person's immediately prior Form 4 filing.

3. Reflects shares of Class A Common Stock held in the Reporting Person's spouse's individual retirement account. Includes an additional 30 shares acquired by the Reporting Person's spouse since the date of the Reporting Person's last Form 4 pursuant to the DRIP, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Exchange Act.

4. Includes an additional 74 shares of Class A Common Stock acquired by the Reporting Person's individual 401(k) account.

5. Reflects 3,707 dividend equivalent shares accrued on PSUs granted to the Reporting Person under the Company's Plan and the Company's DRIP 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:

	/s/ Lindsay Ellis, Attorney-In-Fact	11/10/2025
	** 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.

FAQ

What did KNTK’s insider purchase?

The insider purchased 8,000 shares of Kinetik Class A Common Stock on 11/10/2025 at a weighted average price of $34.57.

How many KNTK shares does the insider hold after the transaction?

Direct beneficial ownership was 3,687,791 shares after the reported purchase.

What indirect holdings were reported for KNTK?

Indirect holdings included 1,462 shares held by a spouse and 1,772 shares held via a 401(k) plan.

What derivative awards were disclosed for KNTK’s insider?

The filing reflects 3,707 dividend-equivalent shares accrued on PSUs with 106,860 underlying Class A shares.

How do the PSU dividend equivalents work for KNTK?

Dividend equivalents accrue during a 2-year vesting period and are paid in Class A stock when the underlying PSUs vest.