Kinetik insider entity sells 160K shares

Kinetik Holdings Inc. large shareholder Buzzard Midstream LLC, an entity controlled through ISQ Global Fund II GP, I Squared Capital and ISQ Holdings, reported open-market sales of Class A Common Stock.

Rhea-AI Filing Summary

Kinetik Holdings Inc. large shareholder Buzzard Midstream LLC, an entity controlled through ISQ Global Fund II GP, I Squared Capital and ISQ Holdings, reported open-market sales of Class A Common Stock. Buzzard Midstream sold 21,429 shares at a weighted average price of $48.0244 on April 22 and 138,771 shares at a weighted average price of $48.1722 on April 23.

Following these transactions, Buzzard Midstream indirectly holds 1,339,801 Class A shares. Footnotes state the prices reflect multiple trades within ranges of $48.00–$48.55 and that Sadek Wahba and Gautam Bhandari, members of ISQ Holdings, disclaim beneficial ownership except to the extent of their pecuniary interest.

Insider Trade Summary

Net Seller: 160,200 shares

Net Sell 2 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 160,200 shs ($7.71M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	138,771	$48.1722	$6.68M
Sale	Class A Common Stock	21,429	$48.0244	$1.03M

Holdings After Transaction: Class A Common Stock — 1,339,801 shares (Indirect, See Explanation of Responses)

Footnotes (3)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $48.115, 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 $48.00 to $48.55, 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

Shares sold 2026-04-22: 21,429 shares Price 2026-04-22: $48.0244 per share Shares sold 2026-04-23: 138,771 shares +3 more

6 metrics

Shares sold 2026-04-22 21,429 shares Open-market sale of Class A Common Stock at weighted average price

Price 2026-04-22 $48.0244 per share Weighted average sale price; trades from $48.00 to $48.55

Shares sold 2026-04-23 138,771 shares Open-market sale of Class A Common Stock at weighted average price

Price 2026-04-23 $48.1722 per share Weighted average sale price; trades from $48.00 to $48.115

Total shares sold 160,200 shares Aggregate Class A shares sold across two open-market transactions

Shares held after transactions 1,339,801 shares Indirect Class A holdings by Buzzard Midstream LLC after April 23 sale

Key Terms

weighted average price, open-market sale, indirect owners, voting and investment power, +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.

indirect owners financial

"general partner of the members of the indirect owners of Buzzard Midstream LLC"

voting and investment power financial

"exercises voting and investment power over the securities directly held"

pecuniary interest financial

"disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the insider entity report in this Kinetik (KNTK) Form 4?

The filing shows Buzzard Midstream LLC, an indirect owner of Kinetik Holdings Inc. shares, completed two open-market sales of Class A Common Stock totaling 160,200 shares, executed on April 22 and April 23 at weighted average prices around $48 per share.

How many Kinetik (KNTK) shares were sold and at what prices?

Buzzard Midstream LLC sold 21,429 Kinetik Class A shares at a weighted average price of $48.0244 and 138,771 shares at a weighted average price of $48.1722, with individual trade prices ranging from $48.00 to $48.55 according to the Form 4 footnotes.

How many Kinetik (KNTK) shares does the insider entity hold after these sales?

After the reported open-market transactions, Buzzard Midstream LLC indirectly holds 1,339,801 shares of Kinetik Holdings Inc. Class A Common Stock, as disclosed in the Form 4’s post-transaction ownership column for the most recent sale dated April 23.

Who controls the Kinetik (KNTK) shares sold by Buzzard Midstream LLC?

The securities are directly held by Buzzard Midstream LLC, while ISQ Global Fund II GP, I Squared Capital and ISQ Holdings exercise voting and investment power. Individuals Sadek Wahba and Gautam Bhandari are ISQ Holdings members and disclaim beneficial ownership except for their pecuniary interest.

Were the Kinetik (KNTK) insider sales single trades or multiple transactions?

The reported prices are weighted averages, meaning each day’s sale comprised multiple trades. Footnotes state April 22 trades ranged from $48.00 to $48.55 per share, while April 23 trades ranged from $48.00 to $48.115, with full trade details available on request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 07:46 PM EDT Learn about SEC filing dates

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
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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/22/2026		S		21,429	D	$48.0244(1)	1,478,572	I	See Explanation of Responses(2)
Class A Common Stock	04/23/2026		S		138,771	D	$48.1722(3)	1,339,801	I	See 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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

	Director	X	10% 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

	Director	X	10% 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

	Director	X	10% 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

	Director	X	10% 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

	Director	X	10% 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 $48.00 to $48.115, 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 $48.00 to $48.55, 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, Director	04/24/2026
	I Squared Capital, LLC, By: ISQ Holdings, LLC, its managing member, By: /s/ Gautam Bhandari, Manager	04/24/2026
	ISQ Holdings, LLC, By: /s/ Gautam Bhandari, Manager	04/24/2026
	/s/ Sadek Wahba	04/24/2026
	/s/ Gautam Bhandari	04/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)