Kinetik (KNTK) 10% Owner ISQ Global Fund II GP Sells 14,483 Shares

What Happened
ISQ Global Fund II GP LLC, reported as a 10% owner of Kinetik Holdings Inc. (KNTK), sold a total of 14,483 shares in open‑market transactions across three days. The sales were: 1,025 shares on 2026-09-14 at a weighted average price of $55.15 (proceeds $56,529); 4,686 shares on 2026-09-15 at a weighted average price of $55.11 (proceeds $258,241); and 8,772 shares on 2026-09-16 at a weighted average price of $55.06 (proceeds $483,001). Total proceeds were about $797,771 (weighted average ≈ $55.11 per share). These are outright sales (not purchases).

Key Details

• Transaction dates and values:
  • 2026-09-14: 1,025 sh @ $55.15 (weighted avg), proceeds $56,529 (prices ranged $55.00–$55.3761).
  • 2026-09-15: 4,686 sh @ $55.11 (weighted avg), proceeds $258,241 (prices ranged $55.00–$55.2453).
  • 2026-09-16: 8,772 sh @ $55.06 (weighted avg), proceeds $483,001 (prices ranged $55.00–$55.20).
• Total: 14,483 shares sold for about $797,771.
• Shares owned after the transactions: not disclosed in the provided filing details.
• Notable footnotes: reported prices are weighted averages for multiple trades (ranges noted above). Ownership chain disclosed—securities are directly held by Buzzard Midstream LLC; ISQ Global Fund II GP is the general partner and I Squared Capital, LLC is the sole member; certain individuals disclaim beneficial ownership except for pecuniary interest.
• Filing: Form 4 filed 2026-09-16 (covers transactions through 2026-09-16); appears timely based on standard Form 4 reporting rules.

Context

• This filing reflects institutional selling by a 10% owner (through its general partner), not individual executive trading. Institutional disposition like this can be routine rebalancing or portfolio activity and should not be taken alone as a signal of company fundamentals.
• Sales are less informative than purchases for gauging insider confidence; no options exercise, awards, or gifts are involved in these transactions.