[Form 4] Kinetik Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jamie Welch, a director and officer of Kinetik Holdings Inc. (KNTK), reported purchases and equity awards on 10/02/2025. The filing shows a direct purchase of 5,000 shares of Class A common stock at a weighted average price of $39.13 (trades ranged from $35.15 to $39.12). The report also records 3,378 dividend-equivalent units on performance share units (PSUs) that were accrued after the last Form 4 filing and reflect 103,152 underlying Class A shares attributable to PSUs. The filing notes an additional 1,839 shares acquired under the issuer's Dividend and Distribution Reinvestment Plan since the prior Form 4. After the reported transactions, the reporting person beneficially owned 3,676,399 shares. The Form 4 was signed by an attorney-in-fact on 10/03/2025.

Insights

Insider Transactions Analyst

Insider bought stock and recorded PSU dividend equivalents on 10/02/2025.

The filing documents a direct purchase of 5,000 Class A shares at a weighted average $39.13, with underlying trades between $35.15 and $39.12. Combined with 1,839 DRIP shares and 103,152 PSU-related shares, the reporting person holds 3,676,399 shares in total.

This is a straightforward disclosure of acquisition and award-related shares; the weighted-average price and range are provided explicitly, allowing precise audit of the transaction values.

Compensation & Equity Plan Specialist

PSU dividend equivalents converted to share rights are reported as equity.

The Form 4 reports 3,378 dividend-equivalent units credited on PSUs that will be paid in Class A stock when the underlying units vest. The filing clarifies dividend equivalents are payable one-for-one in shares and are included in the 103,152 PSU-linked shares shown.

This confirms the company uses stock-settled dividend equivalents on PSUs; vesting and settlement terms govern actual issuance.

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

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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^*

Welch Jamie

(Last) (First) (Middle)

2700 POST OAK BLVD., SUITE 300

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kinetik Holdings Inc. [ KNTK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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, par value $0.001	10/02/2025		P		5,000	A	$39.13(1)	3,676,399(2)	D

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
Performance Share Units	(3)	10/02/2025		A		3,378		(3)	(3)	Class A Common Stock, par value $0.001	103,152	$0	103,152	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were bought at multiple transactions at prices ranging from $39.12 to $35.15, inclusive. The reporting person undertakes to provide to Kinetik Holdings Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares bought at each separate price within the range set forth in this footnote.

2. Includes 1,839 shares of Class A Common Stock not previously reported pursuant to Rule 16a-11 under the Securities Exchange Act of 1934 that were acquired under the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 4 filing.

3. Reflects 3,378 dividend equivalent shares accrued on PSUs granted to the Reporting Person under the Issuer's Plan and the Issuer's Dividend and Distribution Reinvestment Plan after the Reporting Person's immediately prior Form 4 filing. Each dividend equivalent unit reflects the right to receive Class A Common stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding PSU. During the 2-year vesting period, the award will be credited with dividend equivalents that will be paid out in Class A Common Stock at the time the underlying units vest and shares are issued. The award and credited dividend will be payable on a one-to-one basis of Class A Common Stock for each vested PSU, including PSUs, resulting from dividend equivalents.

Remarks:

	By: /s/ Lindsay Ellis, Attorney-in-Fact	10/03/2025
	** 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).
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