STOCK TITAN

Kinetik (KNTK) director Mark D. Leland receives 3,102-share equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kinetik Holdings Inc. director Mark D. Leland received an equity award of 3,102 shares of Class A common stock as a grant/acquisition, with no cash paid per share. This increased his direct beneficial ownership to 30,478 shares.

The award is structured as fully vested restricted stock units that can only be settled in common stock on a one-for-one basis. Settlement has been deferred until his service with the company ends or a change in control occurs. While the RSUs remain outstanding, dividend equivalents are automatically reinvested into additional vested RSUs, and the reported holdings include about 638 such RSUs accumulated since his last Form 5.

Positive

  • None.

Negative

  • None.
Insider LELAND D MARK
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock, par value $0.001 3,102 $0.00 --
Holdings After Transaction: Class A Common Stock, par value $0.001 — 30,478 shares (Direct, null)
Footnotes (1)
  1. Includes a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the Reporting Person's election under the Kinetik Holdings Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earlier to occur of the following: (a) the termination of the Reporting Person's service relationship with the Company or (b) a change in control (as defined in the Plan). While the RSUs remain outstanding, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be reinvested into additional RSUs based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"). The additional RSUs will be immediately vested in full and, pursuant to the Reporting Person's election under the Plan, will be settled at the same time as the initial RSUs subject to the award, as described in Note 1 above. Amount reported includes approximately 638 additional RSUs acquired by the Reporting Person since the date of the Reporting Person's last Form 5 in connection with the reinvestment of dividends described herein.
Equity grant size 3,102 shares Class A Common Stock grant on 2026-05-19
Grant price per share $0.00 per share Compensation-related award, not open-market purchase
Shares owned after transaction 30,478 shares Direct holdings following the Form 4 transaction
Dividend reinvestment RSUs Approximately 638 RSUs Additional RSUs from dividend reinvestment since last Form 5
restricted stock units financial
"Includes a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated 2019 Omnibus Compensation Plan financial
"Pursuant to the Reporting Person's election under the Kinetik Holdings Inc. ... Amended and Restated 2019 Omnibus Compensation Plan"
change in control financial
"settlement of such vested RSUs has been deferred until ... termination ... or (b) a change in control (as defined in the Plan)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Dividend Reinvestment Plan financial
"dividends ... will be reinvested into additional RSUs based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Form 5 regulatory
"includes approximately 638 additional RSUs acquired ... since the date of the Reporting Person's last Form 5"
A Form 5 is an annual report filed with the U.S. securities regulator by company insiders—such as officers, directors and large shareholders—to disclose any equity transactions or holdings that were missed or deferred during the year. Think of it as an end-of-year ledger adjustment that shows final insider ownership and late-reported trades; investors use it to verify insider confidence, detect possible conflicts of interest, and spot unusual patterns in insiders’ buying or selling.
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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*
LELAND D MARK

(Last)(First)(Middle)
2700 POST OAK BLVD., SUITE 300

(Street)
HOUSTON TEXAS 77056

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
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)
CodeVAmount(A) or (D)Price
Class A Common Stock, par value $0.00105/19/2026A3,102(1)(2)A$030,478(3)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the Reporting Person's election under the Kinetik Holdings Inc. (the "Company") Amended and Restated 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earlier to occur of the following: (a) the termination of the Reporting Person's service relationship with the Company or (b) a change in control (as defined in the Plan).
2. While the RSUs remain outstanding, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be reinvested into additional RSUs based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"). The additional RSUs will be immediately vested in full and, pursuant to the Reporting Person's election under the Plan, will be settled at the same time as the initial RSUs subject to the award, as described in Note 1 above.
3. Amount reported includes approximately 638 additional RSUs acquired by the Reporting Person since the date of the Reporting Person's last Form 5 in connection with the reinvestment of dividends described herein.
Remarks:
By: /s/ Lindsay Ellis, Attorney-in-Fact05/20/2026
** 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)

FAQ

What insider transaction did Kinetik Holdings (KNTK) report for Mark D. Leland?

Kinetik Holdings reported that director Mark D. Leland received an equity grant of 3,102 Class A shares. The award was recorded at a price of $0.00 per share, reflecting a compensation-related grant rather than an open-market purchase or sale.

How many Kinetik Holdings (KNTK) shares does Mark D. Leland hold after this Form 4?

After the reported grant, Mark D. Leland directly holds 30,478 Kinetik Holdings Class A shares. This total includes prior holdings plus the newly granted 3,102 shares and RSUs accumulated through dividend reinvestment since his last Form 5.

What type of award did Mark D. Leland receive from Kinetik Holdings (KNTK)?

The filing shows a grant classified as a fully vested restricted stock unit award. These RSUs are settled only in Kinetik Holdings common stock on a one-for-one basis, with settlement deferred until his service ends or a qualifying change in control event occurs.

How are dividends on Mark D. Leland’s Kinetik (KNTK) RSUs treated?

While the RSUs are outstanding, dividend equivalents are automatically reinvested into additional RSUs. The reinvestment follows the company’s Dividend Reinvestment Plan terms and results in immediately vested RSUs, settled at the same time as the initial award units.

What portion of Mark D. Leland’s Kinetik (KNTK) holdings comes from dividend reinvestment RSUs?

The Form 4 states that his reported amount includes approximately 638 additional RSUs from dividend reinvestment. These units were acquired since his last Form 5 as dividends on existing RSUs were reinvested into new, fully vested RSUs.

Is Mark D. Leland’s Kinetik (KNTK) Form 4 transaction a market buy or sell?

No, the transaction is reported as a grant, award, or other acquisition, not a market trade. The 3,102 shares were received as compensation with a recorded price of $0.00 per share, rather than being bought or sold on the open market.