ISQ Holdings, LLC 4
4 · Kinetik Holdings Inc. · Filed May 4, 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 (reported as a 10% owner) sold a total of 534,564 Kinetik Holdings Inc. (KNTK) shares in open‑market/private sale transactions on April 30, 2026, receiving approximately $27.0 million in aggregate.
- 36,136 shares at a weighted average price of $49.20 — proceeds $1,777,974 (Footnote F1: price is a weighted average; individual trades ranged $48.80–$49.795).
- 404,268 shares at a weighted average price of $50.56 — proceeds $20,438,496 (Footnote F3: price range $49.81–$50.8075).
- 94,160 shares at a weighted average price of $50.86 — proceeds $4,789,006 (Footnote F4: price range $50.81–$51.07).
- These were sales (disposals), not purchases — sales are common for institutional holders and do not by themselves indicate company performance.
Key Details
- Transaction date: 2026-04-30 (filed on Form 4: 2026-05-04).
- Total shares sold: 534,564; total reported proceeds ≈ $27,005,476.
- Price details: reported as weighted averages with per-footnote price ranges (see F1, F3, F4). Footnotes state the filer will provide full price-by-price breakdowns on request.
- Ownership structure (Footnote F2): the securities are directly held by Buzzard Midstream LLC; ISQ Global Fund II GP is the general partner exercising voting/investment power; I Squared Capital, ISQ Holdings and named individuals disclaim direct beneficial ownership except for pecuniary interest. This is institutional/10% owner reporting, not an executive individual trading personal stock.
- Shares owned after the transactions: not provided in the excerpt — check the full Form 4 for "Amount Owned Following Reported Transaction."
- Filing timeliness: Form 4 was filed on 2026-05-04 for transactions on 2026-04-30; this filing appears to be within the usual two business‑day reporting window.
Context
- Because this is a sale by an institutional 10% owner (through affiliated entities), it should be viewed as an institutional disposition rather than an insider executive vote of confidence or concern. Footnotes indicate multiple execution prices; the firm can supply detailed trade-by-trade pricing on request.
Insider Transaction Report
Form 4
ISQ Global Fund II GP LLC
10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-04-30$49.20/sh−36,136$1,777,974→ 927,322 total(indirect: See Explanation of Responses) - Sale
Class A Common Stock
[F3][F2]2026-04-30$50.56/sh−404,268$20,438,496→ 523,054 total(indirect: See Explanation of Responses) - Sale
Class A Common Stock
[F4][F2]2026-04-30$50.86/sh−94,160$4,789,006→ 428,894 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 $48.80 to $49.795, 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 $49.81 to $50.8075, 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 $50.81 to $51.07, 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.