Kinetik insider sells 68,808 shares near $55

For Kinetik Holdings Inc. (KNTK), entities affiliated with I Squared Capital reported open-market sales of 68,808 shares of Class A Common Stock on September 8–10, 2026, at weighted average prices between roughly $55.00 and $56.45.

Rhea-AI Filing Summary

For Kinetik Holdings Inc. (KNTK), entities affiliated with I Squared Capital reported open-market sales of 68,808 shares of Class A Common Stock on September 8–10, 2026, at weighted average prices between roughly $55.00 and $56.45. The shares are directly held by Buzzard Midstream LLC and reported as indirectly owned by ISQ Global Fund II GP LLC, I Squared Capital, ISQ Holdings, and individuals including Sadek Wahba and Gautam Bhandari, who each disclaim beneficial ownership beyond their pecuniary interest.

Insider Trade Summary

Net Seller: 68,808 shares

Net Sell 4 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 68,808 shs ($3.80M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F4, F2	4,886	$55.209	$270K
Sale	Class A Common Stock F5, F2	954	$56.2952	$54K
Sale	Class A Common Stock F3, F2	4,585	$55.1939	$253K
Sale	Class A Common Stock F1, F2	58,383	$55.1434	$3.22M

Holdings After Transaction: Class A Common Stock — 728,328 shares (Indirect, See Explanation of Responses)

Footnotes (5)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.49, 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 $55.00 to $55.745, 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.
4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.7144, 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.
5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.15 to $56.45, 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: 68,808 shares Shares sold on September 8, 2026: 58,383 shares Weighted average price September 8, 2026: $55.1434 per share +3 more

6 metrics

Total shares sold 68,808 shares Aggregate Class A Common Stock sold indirectly on September 8–10, 2026

Shares sold on September 8, 2026 58,383 shares Open-market sales at a weighted average price of $55.1434

Weighted average price September 8, 2026 $55.1434 per share Multiple transactions between $55.00 and $55.49

Shares sold on September 9, 2026 4,585 shares Weighted average price $55.1939, trades from $55.00 to $55.745

Shares sold on September 10, 2026 (block 1) 4,886 shares Weighted average price $55.2090, trades from $55.00 to $55.7144

Shares sold on September 10, 2026 (block 2) 954 shares Weighted average price $56.2952, trades from $56.15 to $56.45

Key Terms

weighted average price, indirect owners, voting and investment power, disclaims beneficial ownership, +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.

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"

disclaims beneficial ownership financial

"disclaims beneficial ownership over the securities reported herein"

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

What did the reporting persons sell in this Form 4 for KNTK?

Affiliated entities reported sales of 68,808 shares of Kinetik Holdings Inc. Class A Common Stock in open-market transactions from September 8–10, 2026, at weighted average prices in the mid‑$50s per share.

Who actually holds the KNTK shares that were sold?

The sold shares are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP LLC, I Squared Capital, ISQ Holdings, and members Sadek Wahba and Gautam Bhandari report indirect ownership interests through their roles in the ownership structure.

What prices were the KNTK shares sold at in these transactions?

Filed prices are weighted average prices. For example, 58,383 shares on September 8, 2026 were sold at an average of $55.1434, in a range from $55.00 to $55.49. Other sale dates list similar mid‑$50s weighted average prices and ranges.

Were these KNTK sales made under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes describe price ranges and ownership structure but do not state that the transactions occurred under a Rule 10b5-1 trading plan.

Do Sadek Wahba and Gautam Bhandari fully own the KNTK shares reported?

No. The filing states that each of Sadek Wahba and Gautam Bhandari disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest in them.

Are the reported KNTK prices single trade prices or averages?

Each reported price is a weighted average price. The footnotes explain that the shares were sold in multiple transactions within specified price ranges and that full trade‑by‑trade details are available upon request.

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

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Available on EDGAR 09/10/2026 - 07:01 PM Accepted by SEC EDGAR 09/10/2026 - 07:00 PM 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)
09/08/2026

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	09/08/2026		S		58,383	D	$55.1434(1)	738,753	I	See Explanation of Responses(2)
Class A Common Stock	09/09/2026		S		4,585	D	$55.1939(3)	734,168	I	See Explanation of Responses(2)
Class A Common Stock	09/10/2026		S		4,886	D	$55.209(4)	729,282	I	See Explanation of Responses(2)
Class A Common Stock	09/10/2026		S		954	D	$56.2952(5)	728,328	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 $55.00 to $55.49, 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 $55.00 to $55.745, 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.7144, 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.15 to $56.45, 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	09/10/2026
	I Squared Capital, LLC, By: ISQ Holdings, LLC, its managing member, By: /s/ Gautam Bhandari, Manager	09/10/2026
	ISQ Holdings, LLC, By: /s/ Gautam Bhandari, Manager	09/10/2026
	/s/ Sadek Wahba	09/10/2026
	/s/ Gautam Bhandari	09/10/2026
	** 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)