ISQ Holdings, LLC 4
4 · Kinetik Holdings Inc. · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Kinetik (KNTK) 10% Owner ISQ Global Fund II GP Sells 160,200 Shares
What Happened ISQ Global Fund II GP LLC, reported as a 10% owner of Kinetik Holdings (KNTK), sold a total of 160,200 shares in two open‑market transactions. On 2026‑04‑22 it sold 21,429 shares at a weighted average price of $48.02 for proceeds of $1,029,115; on 2026‑04‑23 it sold 138,771 shares at a weighted average price of $48.17 for proceeds of $6,684,904. Total proceeds were approximately $7,714,019. These were outright sales (transaction code S), which are often routine portfolio transactions rather than indicators of company performance.
Key Details
- Transaction dates and reported weighted averages:
- 2026‑04‑22: 21,429 shares @ $48.02 (proceeds $1,029,115). Price range for these trades: $48.00–$48.115 (footnote F1).
- 2026‑04‑23: 138,771 shares @ $48.17 (proceeds $6,684,904). Price range for these trades: $48.00–$48.55 (footnote F3).
- Total shares sold: 160,200; total proceeds: ≈ $7.71M.
- Shares owned after the transactions: not specified in the supplied filing details.
- Filing date: 2026‑04‑24 (filed timely relative to the reported trade dates).
- Ownership/structure note (footnote F2): the securities are directly held by Buzzard Midstream LLC; ISQ Global Fund II GP is the general partner with voting/investment power, and I Squared Capital is the sole member of the GP. Named individuals disclaim beneficial ownership except for any pecuniary interest.
- No 10b5‑1 plan, tax‑withholding, or option exercise noted in the provided details.
Context This disclosure relates to an institutional 10% owner selling shares, not an individual company executive. Such sales are commonly portfolio management or liquidity events for funds. The filing includes weighted average prices and ranges because the shares were sold in multiple executions; the reporting party says it will provide a breakdown of trades/prices upon request.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-04-22$48.02/sh−21,429$1,029,115→ 1,478,572 total(indirect: See Explanation of Responses) - Sale
Class A Common Stock
[F3][F2]2026-04-23$48.17/sh−138,771$6,684,904→ 1,339,801 total(indirect: See Explanation of Responses)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $48.115, 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 $48.00 to $48.55, 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.