Kinetik Holdings insiders report stock sales
Entities associated with Kinetik Holdings Inc. reported sales of Class A Common Stock over three days.
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Rhea-AI Filing Summary
Entities associated with Kinetik Holdings Inc. reported sales of Class A Common Stock over three days. An affiliated entity, Buzzard Midstream LLC, sold an aggregate of 310,691 shares in multiple open-market transactions at weighted-average prices between approximately $50.59 and $52.36 per share. The reporting persons, including ISQ Global Fund II GP LLC, I Squared Capital, LLC, ISQ Holdings, LLC, Sadek Wahba and Gautam Bhandari, report these positions indirectly and certain individuals disclaim beneficial ownership except to the extent of their pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F6, F2 | 84,701 | $51.5179 | $4.36M |
| Sale | Class A Common Stock F4, F2 | 57,140 | $51.5103 | $2.94M |
| Sale | Class A Common Stock F5, F2 | 90,376 | $52.3589 | $4.73M |
| Sale | Class A Common Stock F1, F2 | 40,527 | $50.5874 | $2.05M |
| Sale | Class A Common Stock F3, F2 | 37,947 | $51.1692 | $1.94M |
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.9997, 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.
- 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.00 to $51.3192, 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.99 to $51.9728, 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.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.995 to $52.69, 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.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.14 to $51.76, 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
Key Terms
weighted average price financial
indirect owners financial
voting and investment power financial
disclaims beneficial ownership financial
pecuniary interest financial
FAQ
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What insider transactions did Kinetik Holdings Inc. (KNTK) report in this Form 4?
Who are the reporting persons in this Kinetik Holdings Inc. (KNTK) Form 4?
Were the KNTK insider sales made under a Rule 10b5-1 trading plan?
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