Kinetik (NYSE: KNTK) investors unload 360K shares at $51–54
Rhea-AI Filing Summary
ISQ Global Fund II GP LLC and affiliated reporting persons, as ten percent owners of Kinetik Holdings Inc. (KNTK), reported indirect open‑market sales of 360,337 shares of Class A Common Stock from August 13–17, 2026. The shares are directly held by Buzzard Midstream LLC, over which the fund complex exercises voting and investment power. Prices were reported as weighted averages, with transaction prices and ranges between roughly $50.54 and $54.10 per share. Sadek Wahba and Gautam Bhandari are members of ISQ Holdings, LLC and each disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 360,337 shares
Net Sell
7 txns
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
360,337 shs ($18.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F7, F2 | 134,815 | $52.7825 | $7.12M |
| Sale | Class A Common Stock F8, F2 | 287 | $53.1115 | $15K |
| Sale | Class A Common Stock F4, F2 | 10,689 | $52.5592 | $562K |
| Sale | Class A Common Stock F5, F2 | 101,098 | $53.5723 | $5.42M |
| Sale | Class A Common Stock F6, F2 | 373 | $54.0939 | $20K |
| Sale | Class A Common Stock F1, F2 | 38,209 | $51.3848 | $1.96M |
| Sale | Class A Common Stock F3, F2 | 74,866 | $51.7068 | $3.87M |
Holdings After Transaction:
Class A Common Stock — 993,792 shares (Indirect, See Explanation of Responses)
Footnotes (8)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.5368 to $51.5362, 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.
- 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.5369 to $51.91, 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.0843 to $53.055, 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.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.085 to $54.0803, 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.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.0891 to $54.1024, 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.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.1083 to $53.0576, 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.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.1112 to $53.1383, 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.
Key Figures
Total shares sold: 360,337 shares
Shares sold on 2026-08-13 (F1): 38,209 shares at $51.3848 per share
Additional shares sold on 2026-08-13 (F3): 74,866 shares at $51.7068 per share
+5 more
8 metrics
Total shares sold
360,337 shares
Aggregate indirect sales of Kinetik Class A Common Stock across seven transactions
Shares sold on 2026-08-13 (F1)
38,209 shares at $51.3848 per share
Weighted average price; individual trades ranged from $50.5368 to $51.5362
Additional shares sold on 2026-08-13 (F3)
74,866 shares at $51.7068 per share
Weighted average price; trades ranged from $51.5369 to $51.91
Shares sold on 2026-08-14 (F4)
10,689 shares at $52.5592 per share
Weighted average price; trades ranged from $52.0843 to $53.055
Additional shares sold on 2026-08-14 (F5)
101,098 shares at $53.5723 per share
Weighted average price; trades ranged from $53.085 to $54.0803
Further shares sold on 2026-08-14 (F6)
373 shares at $54.0939 per share
Weighted average price; trades ranged from $54.0891 to $54.1024
Shares sold on 2026-08-17 (F7)
134,815 shares at $52.7825 per share
Weighted average price; trades ranged from $52.1083 to $53.0576
Additional shares sold on 2026-08-17 (F8)
287 shares at $53.1115 per share
Weighted average price; trades ranged from $53.1112 to $53.1383
Key Terms
weighted average price, voting and investment power, pecuniary interest, ten percent owner, +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.
voting and investment power financial
"in such capacity, exercises voting and investment power over the securities"
pecuniary interest financial
"disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest"
ten percent owner regulatory
"reporting persons are indicated as a ten percent owner of the issuer"
indirect ownership financial
"The securities are directly held by Buzzard Midstream LLC, reflecting indirect ownership"
FAQ
Were the reported KNTK insider sales made under a Rule 10b5-1 trading plan?
The Rule 10b5‑1 checkbox for this filing is not marked as affirmatively adopted. The footnotes describe pricing and ownership structure but do not state that these particular KNTK trades were executed under a Rule 10b5‑1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.