STOCK TITAN

Kinetik (NYSE: KNTK) insider sale leaves 918,824 shares

(Moderate)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Kinetik Holdings Inc. (KNTK) had a Form 4 filed by entities affiliated with I Squared Capital reporting an indirect sale of Class A Common Stock. On 2026-08-21, Buzzard Midstream LLC sold 6,963 shares at a weighted average price of $55.1654 per share, with individual trades ranging from $55.01 to $55.50. After this transaction, Buzzard Midstream LLC continued to hold 918,824 shares indirectly reported by the filing group. The securities are directly held by Buzzard Midstream LLC; ISQ Global Fund II GP LLC, I Squared Capital, LLC, ISQ Holdings, LLC, and individuals Sadek Wahba and Gautam Bhandari are upstream owners, and each of Wahba and Bhandari disclaims beneficial ownership except to the extent of his pecuniary interest.

Positive

  • None.

Negative

  • None.
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 6,963 shs ($384K)
Type Security Shares Price Value
Sale Class A Common Stock F1, F2 6,963 $55.1654 $384K
Holdings After Transaction: Class A Common Stock — 918,824 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 $55.01 to $55.50, 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.
Shares sold 6,963 shares of Class A Common Stock Sale on 2026-08-21 by Buzzard Midstream LLC
Weighted average sale price $55.1654 per share Weighted average for trades between $55.01 and $55.50
Shares held after transaction 918,824 shares Indirect holdings reported after the 2026-08-21 sale
Net shares sold in filing 6,963 shares Net-sell direction across all reported transactions
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
"members of the indirect owners of Buzzard Midstream LLC"
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest"

FAQ

What insider transaction did KNTK report in this Form 4?

The Form 4 reports that Buzzard Midstream LLC, associated with I Squared Capital affiliates, sold 6,963 shares of Kinetik Holdings Inc. Class A Common Stock on 2026-08-21 in open-market or private transactions.

At what price were the KNTK shares sold in this insider transaction?

The reported price is a weighted average of $55.1654 per share. The filing notes that individual trades occurred at prices ranging from $55.01 to $55.50 per share.

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

Following the reported sale, the entity Buzzard Midstream LLC is shown as holding 918,824 shares of Kinetik Holdings Inc. Class A Common Stock, reported as indirect ownership by the filing group.

Who are the reporting persons in the KNTK Form 4 filing?

The reporting persons are ISQ Global Fund II GP LLC, I Squared Capital, LLC, ISQ Holdings, LLC, Wahba Sadek, and Bhandari Gautam, each identified as a ten percent owner with respect to Kinetik Holdings Inc.

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

No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.

Who directly holds the KNTK shares involved and what ownership disclaimers are made?

The shares are directly held by Buzzard Midstream LLC. The filing states that Sadek Wahba and Gautam Bhandari, as members of ISQ Holdings, disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.

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Learn about SEC filing dates
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)
08/21/2026
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 Stock08/21/2026S6,963D$55.1654(1)918,824ISee 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 $55.01 to $55.50, 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, Director08/25/2026
I Squared Capital, LLC, By: ISQ Holdings, LLC, its managing member, By: /s/ Gautam Bhandari, Manager08/25/2026
ISQ Holdings, LLC, By: /s/ Gautam Bhandari, Manager08/25/2026
/s/ Sadek Wahba08/25/2026
/s/ Gautam Bhandari08/25/2026
** 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)