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Kinetik Holdings Inc.·4

May 4, 5:18 PM ET

ISQ Holdings, LLC 4

Research Summary

AI-generated summary

Updated

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.