Kinetik (KNTK) 10% Owner ISQ Global Fund II GP Sells 68,808 Shares

What Happened

• ISQ Global Fund II GP LLC (a reported 10% owner) sold a total of 68,808 Kinetik Holdings Inc. (KNTK) shares in open‑market transactions between Sept 8 and Sept 10, 2026. The individual trades reported were: 58,383 shares (weighted avg $55.14) for $3,219,437; 4,585 shares (weighted avg $55.19) for $253,064; 4,886 shares (weighted avg $55.21) for $269,751; and 954 shares at $56.30 for $53,706 — total proceeds roughly $3.80 million. These were sales (not purchases), which are typically routine dispositions by institutional holders rather than explicit bullish signals.

Key Details

• Transaction dates and reported prices:
  • 2026-09-08: 58,383 shares; weighted avg $55.14 (sales ranged $55.00–$55.49).
  • 2026-09-09: 4,585 shares; weighted avg $55.19 (sales ranged $55.00–$55.745).
  • 2026-09-10: 4,886 shares; weighted avg $55.21 (sales ranged $55.00–$55.7144).
  • 2026-09-10: 954 shares; priced $56.15–$56.45 (weighted avg $56.30).
• Total sold: 68,808 shares for $3,795,958 ($3.80M).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes: 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 members (Sadek Wahba and Gautam Bhandari) disclaim beneficial ownership except for pecuniary interest. Footnotes also note reported prices are weighted averages and that breakdowns by individual trade price are available on request.
• Filing timeliness: Form 4 was filed on 2026-09-10 reporting trades from Sept 8–10; this appears to be timely (filed within the standard two business days after the earlier transactions).

Context

• This filing reports institutional sales by a 10% owner (indirectly via Buzzard Midstream LLC), not insider executive purchases. Such institutional dispositions can reflect portfolio management or rebalancing and do not necessarily indicate management view on the company’s prospects.
• Because weighted‑average prices are used, the filing discloses price ranges and offers to provide per‑trade price breakdowns to the issuer, SEC staff, or shareholders on request.