Kinetik (KNTK) 10% Owner ISQ Global Fund II GP Sells Shares

What Happened

• ISQ Global Fund II GP LLC (a reported 10% owner) sold a total of 264,074 shares of Kinetik Holdings Inc. (KNTK) in multiple open-market/private transactions between Aug 3 and Aug 7, 2026. The aggregate proceeds reported are approximately $13.33 million. These were outright sales (not purchases or option exercises), which are typically routine portfolio or fund-level transactions rather than executive "inside" buys.

Key Details

• Transactions (reported):
  • 2026-08-03: 2,175 shares at a weighted avg $50.04 — proceeds $108,840. (Price range reported: $50.00–$50.1477) [F1]
  • 2026-08-06: 210,552 shares at a weighted avg $50.46 — proceeds $10,624,854. (Price range reported: $50.00–$50.995) [F3]
  • 2026-08-06: 24,797 shares at a weighted avg $51.02 — proceeds $1,265,190. (Price range reported: $51.00–$51.16) [F4]
  • 2026-08-07: 26,550 shares at a weighted avg $50.24 — proceeds $1,333,936. (Price range reported: $50.00–$50.43) [F5]
• Total sold: 264,074 shares for ~$13.33 million.
• Ownership structure note: The securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP is the general partner that exercises voting and investment power; I Squared Capital is the sole member of the GP; certain named individuals disclaim beneficial ownership except to the extent of pecuniary interest. [F2]
• Filing/timing: Report filed Aug 7, 2026 reporting trades dated Aug 3–7. The filing does not explicitly state a late-filing flag in the provided data.

Context

• This filing is from a 10% institutional owner, not an individual officer or director. Institutional sales often reflect fund rebalancing, portfolio management, or liquidity needs rather than a personal view of the company's prospects. The filing includes weighted-average prices and per-transaction price ranges; the reporting persons offer to provide detailed per-transaction price breakdowns on request.