STOCK TITAN

Kinetik (NYSE: KNTK) investors unload 360K shares at $51–54

(Very High)
(Very Negative)
Form Type
4

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.

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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)
  1. 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.
  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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
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
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

What insider activity did KNTK’s large shareholders report on this Form 4?

Large shareholders associated with ISQ Global Fund II GP LLC reported indirect open‑market sales of 360,337 KNTK Class A shares between August 13 and 17, 2026, through Buzzard Midstream LLC at various weighted‑average prices.

Over what dates were the KNTK shares sold by the reporting persons’ affiliate?

The reported KNTK share sales occurred on August 13, 14, and 17, 2026. Each day included one or more open‑market transactions in Class A Common Stock by Buzzard Midstream LLC, with prices disclosed as weighted averages and detailed ranges in footnotes.

How many KNTK shares were sold in total in this Form 4 filing?

The reporting persons disclosed aggregate sales of 360,337 shares of Kinetik Holdings Inc. Class A Common Stock. This total reflects seven indirect, non‑derivative sale transactions executed by Buzzard Midstream LLC over the three trading days covered.

What prices did the reporting persons receive for the sold KNTK shares?

Each transaction reports a weighted average price, with individual trades in ranges from about $50.5368 to $54.1024 per share. Detailed per‑trade prices within these ranges are available upon request, according to the footnotes.

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.

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SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/13/2026S38,209D$51.3848(1)1,315,920ISee Explanation of Responses(2)
Class A Common Stock08/13/2026S74,866D$51.7068(3)1,241,054ISee Explanation of Responses(2)
Class A Common Stock08/14/2026S10,689D$52.5592(4)1,230,365ISee Explanation of Responses(2)
Class A Common Stock08/14/2026S101,098D$53.5723(5)1,129,267ISee Explanation of Responses(2)
Class A Common Stock08/14/2026S373D$54.0939(6)1,128,894ISee Explanation of Responses(2)
Class A Common Stock08/17/2026S134,815D$52.7825(7)994,079ISee Explanation of Responses(2)
Class A Common Stock08/17/2026S287D$53.1115(8)993,792ISee 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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 $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.
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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
ISQ Global Fund II GP, LLC, By: /s/ Gautam Bhandari, Director08/17/2026
I Squared Capital, LLC, By: ISQ Holdings, LLC, its managing member, By: /s/ Gautam Bhandari, Manager08/17/2026
ISQ Holdings, LLC, By: /s/ Gautam Bhandari, Manager08/17/2026
/s/ Sadek Wahba08/17/2026
/s/ Gautam Bhandari08/17/2026
** Signature of Reporting PersonDate
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)