Kinetik (NYSE: KNTK) affiliate sells 534K Class A shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kinetik Holdings Inc. reported that an affiliated entity completed open-market sales of Class A common stock. On April 30, 2026, entities associated with I Squared Capital sold a total of 534,564 shares at weighted average prices between about $48.80 and $51.07.
The shares are directly held by Buzzard Midstream LLC, over which ISQ Global Fund II GP LLC and related I Squared Capital entities exercise voting and investment power. Sadek Wahba and Gautam Bhandari are members of ISQ Holdings, LLC and disclaim beneficial ownership except to the extent of their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 534,564 shares ($27,005,477)
Net Sell
3 txns
Insider
ISQ Global Fund II GP LLC, I Squared Capital, LLC, ISQ Holdings, LLC, Wahba Sadek, Bhandari Gautam
Role
null | null | null | null | null
Sold
534,564 shs ($27.01M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 36,136 | $49.2023 | $1.78M |
| Sale | Class A Common Stock | 404,268 | $50.5568 | $20.44M |
| Sale | Class A Common Stock | 94,160 | $50.8603 | $4.79M |
Holdings After Transaction:
Class A Common Stock — 927,322 shares (Indirect, See Explanation of Responses)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.80 to $49.795, 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. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.81 to $50.8075, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.81 to $51.07, 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: 534,564 shares
Sale price 1: $49.2023 per share
Sale price 2: $50.5568 per share
+4 more
7 metrics
Total shares sold
534,564 shares
Open-market sales of Class A common stock on April 30, 2026
Sale price 1
$49.2023 per share
Weighted average price for 36,136 shares sold
Sale price 2
$50.5568 per share
Weighted average price for 404,268 shares sold
Sale price 3
$50.8603 per share
Weighted average price for 94,160 shares sold
Post-sale holding 1
428,894 shares
Indirect holdings following one reported transaction
Post-sale holding 2
523,054 shares
Indirect holdings following another reported transaction
Post-sale holding 3
927,322 shares
Indirect holdings following third reported transaction
Key Terms
weighted average price, open-market sale, beneficial ownership, pecuniary interest, +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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
beneficial ownership financial
"disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein."
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider activity did Kinetik Holdings (KNTK) report in this Form 4?
The filing shows affiliated entities sold 534,564 shares of Kinetik Class A common stock in open-market transactions on April 30, 2026. These are routine sales reported under insider ownership rules, not a company-level capital raise or buyback.
What does weighted average price mean in Kinetik’s (KNTK) Form 4?
Weighted average price means each reported sale price reflects many trades at slightly different prices. For Kinetik, the filing notes sales occurred in ranges such as $48.80–$49.795, and the insiders will provide exact breakdowns on request to investors or regulators.
Are these Kinetik (KNTK) insider sales part of a derivative or option exercise?
No. The Form 4 describes non-derivative transactions in Kinetik Class A common stock with code “S”, indicating open-market sales. The derivativeSummary section is empty, so no options or other derivatives are reported in connection with these trades.