ISQ Holdings, LLC 4
4 · Kinetik Holdings Inc. · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Kinetik (KNTK) 10% Owner ISQ Global Fund II GP Sells Shares
What Happened
- ISQ Global Fund II GP LLC, identified as a 10% owner, sold a total of 375,343 shares of Kinetik Holdings Inc. (KNTK) in open‑market transactions on April 27–29, 2026. The trades were reported as: 868 shares at a weighted average price of $48.01 (proceeds $41,673) on Apr 27; 192,041 shares at $48.56 (proceeds $9,324,858) on Apr 28; and 183,434 shares at $49.53 (proceeds $9,084,752) on Apr 29. Total reported proceeds ≈ $18.45 million. These were sales (not purchases or option exercises).
Key Details
- Transaction dates and reported weighted‑average prices:
- Apr 27, 2026 — 868 shares @ $48.01 (weighted avg; per footnote sold across $48.00–$48.025)
- Apr 28, 2026 — 192,041 shares @ $48.56 (weighted avg; sold across $48.00–$48.92)
- Apr 29, 2026 — 183,434 shares @ $49.53 (weighted avg; sold across $48.955–$49.715)
- Total shares sold: 375,343; total proceeds: ~$18,451,283.
- Shares owned after the transactions are not specified in the data provided in this summary (refer to the full Form 4 for post‑trade holdings).
- Ownership/beneficial‑ownership note (footnote): the securities are directly held by Buzzard Midstream LLC; Fund II GP is the general partner exercising voting and investment power. I Squared Capital, ISQ Holdings, and named members are part of the ownership chain and disclaim direct beneficial ownership except to the extent of pecuniary interest.
- Filing: Form 4 filed Apr 29, 2026, reporting trades dated Apr 27–29, 2026. (Check the full filing for any timeliness codes or additional disclosures.)
Context
- This filing reflects institutional selling by a 10% holder (an entity in the I Squared Capital group), not an individual executive. Institutional sales can be for portfolio rebalancing or liquidity; the filing itself does not state motive.
- Prices shown are weighted averages because each day's sales occurred in multiple trades across the price ranges noted in the footnotes.
Insider Transaction Report
Form 4
ISQ Global Fund II GP LLC
10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-04-27$48.01/sh−868$41,673→ 1,338,933 total(indirect: See Explanation of Responses) - Sale
Class A Common Stock
[F3][F2]2026-04-28$48.56/sh−192,041$9,324,858→ 1,146,892 total(indirect: See Explanation of Responses) - Sale
Class A Common Stock
[F4][F2]2026-04-29$49.53/sh−183,434$9,084,752→ 963,458 total(indirect: See Explanation of Responses)
Footnotes (4)
- [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 $48.025, 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 $48.92, 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 $48.955 to $49.715, 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.