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 360,337 shares of Kinetik Holdings Inc. (KNTK) in multiple open-market transactions between August 13 and August 17, 2026, generating aggregate proceeds of approximately $18.96 million. Individual transactions included sales at weighted-average prices roughly between $51.38 and $54.09 per share. These were outright sales (not purchases or option exercises) — institutional selling, which is typically routine and not an explicit bullish signal.

Key Details

• Transaction dates: Aug 13, 2026; Aug 14, 2026; Aug 17, 2026. Filing date: Aug 17, 2026 (appears timely).
• Total shares sold: 360,337 shares for total proceeds of $18,963,593 ($19.0M).
  • Aug 13: 38,209 @ $51.38 = $1,963,362; 74,866 @ $51.71 = $3,871,081 (total Aug 13: 113,075 shares / $5,834,443)
  • Aug 14: 10,689 @ $52.56 = $561,805; 101,098 @ $53.57 = $5,416,052; 373 @ $54.09 = $20,177 (total Aug 14: 112,160 shares / $5,998,034)
  • Aug 17: 134,815 @ $52.78 = $7,115,873; 287 @ $53.11 = $15,243 (total Aug 17: 135,102 shares / $7,131,116)
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: multiple footnotes (F1–F8) state that reported prices are weighted averages and provide the ranges of execution prices for the multiple trades; F2 explains that the securities are directly held by Buzzard Midstream LLC and that ISQ Global Fund II GP exercises voting/investment power as general partner (i.e., institutional ownership structure and a beneficial-ownership disclaimer by named principals).
• No option exercises, awards, gifts, or tax-withholding reported in the provided data.

Context

• This filing reports institutional sales by a 10% owner (via a partnership/LLC structure), not insider executive trades. Such institutional sell activity can reflect portfolio rebalancing or liquidity needs and should be interpreted cautiously — it is factual information, not a direct signal of company prospects.
• The filing includes weighted-average price ranges for the multiple executions; the reporting persons offer to provide breakdowns on request to the SEC or issuer.