ISQ Holdings, LLC 4

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.