Kinetik Holdings (NYSE: KNTK) officer sells shares to cover taxes
Rhea-AI Filing Summary
Kinetik Holdings Inc. officer Ellis Lindsay reported an open-market sale of Class A common stock. On March 4, 2026, Lindsay sold 1,260 shares at $46.92 per share and held 46,905 shares afterward, all reported as directly owned.
According to the filing, this sale was made to cover tax withholding obligations tied to vested shares received as an annual incentive award for the company’s 2025 fiscal year, meaning it reflects tax-related activity rather than a discretionary portfolio trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,260 shares
Net Sell
1 txn
Insider
Ellis Lindsay
Role
See Remarks
Sold
1,260 shs ($59K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock, par value $0.001 | 1,260 | $46.92 | $59K |
Holdings After Transaction:
Class A Common Stock, par value $0.001 — 46,905 shares (Direct)
Footnotes (1)
- F1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the award of vested shares in lieu of cash settlement of the annual incentive award earned by the Reporting Person for the 2025 fiscal year.
FAQ
What insider transaction did Kinetik Holdings (KNTK) report for Ellis Lindsay?
Kinetik Holdings reported that officer Ellis Lindsay sold 1,260 shares of Class A common stock on March 4, 2026, at $46.92 per share, leaving him with 46,905 shares of directly owned stock after the transaction.
Does the Kinetik (KNTK) Form 4 suggest Ellis Lindsay changed his investment position?
The Form 4 describes the sale as being solely to cover tax withholding on vested incentive shares. This indicates the transaction was driven by tax obligations associated with compensation, rather than a disclosed change in Ellis Lindsay’s broader investment stance toward Kinetik Holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.