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

What Happened
ISQ Global Fund II GP LLC, reported as a 10% owner of Kinetik Holdings Inc. (KNTK), sold a total of 68,005 KNTK shares in open-market transactions on August 18 and August 20, 2026, generating roughly $3,696,639 in proceeds. The filing shows three reported disposals: 64,892 shares at a weighted-average price of $54.32 ($3,525,206), 6 shares at $54.84 ($329), and 3,107 shares at $55.07 ($171,104). These were sales (not purchases).

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-08-18: 64,892 shares at $54.32 (weighted avg; range reported in footnote F1: $53.835–$54.7548) — $3,525,206
  • 2026-08-18: 6 shares at $54.84 (weighted avg; range F3: $54.8378–$54.8399) — $329
  • 2026-08-20: 3,107 shares at $55.07 (weighted avg; range F4: $55.00–$55.3738) — $171,104
• Total disclosed shares sold: 68,005; total proceeds: ~$3.70 million.
• Shares owned after the transactions: Not specified in the provided summary of the filing.
• Ownership/structure note (footnote F2): the securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP is the general partner with voting/investment power; I Squared Capital, ISQ Holdings, and named individuals are part of the ownership chain and disclaim beneficial ownership except for pecuniary interest.
• Footnotes F1–F4 indicate reported prices are weighted averages from multiple trades; the filer offers to provide transaction-by-transaction price details on request.
• Filing timing: Form filed on Aug 20, 2026 reporting trades on Aug 18 and Aug 20; the filing does not indicate a late-report designation in the provided summary.

Context

• This filing reports institutional sales by a 10% owner (an investment firm entity), not insider trades by company executives. Institutional disposals can be routine portfolio management and do not, by themselves, indicate management sentiment.
• The weighted-average/price-range footnotes show the shares were sold across multiple trades and prices rather than a single block trade.