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 265,572 Kinetik Holdings Inc. (KNTK) shares in multiple open-market transactions between 2026-09-17 and 2026-09-21, generating approximately $14.35 million in proceeds.
• Breakdown: 108,977 shares on 2026-09-17 at a weighted avg $53.84 ($5.867M); 96,262 shares on 2026-09-18 at $54.06 ($5.204M); 38,822 shares on 2026-09-18 at $54.72 ($2.124M); 21,511 shares on 2026-09-21 at $53.59 ($1.153M). All transactions coded as sales (S).

Key Details

• Transaction dates: 2026-09-17, 2026-09-18, 2026-09-21. Filing date: 2026-09-21.
• Total shares sold: 265,572; total proceeds: ~$14.35 million.
• Prices are reported as weighted averages and were executed in multiple trades:
  • 108,977-tranche: prices ranged $53.5962–$54.4072 (footnote F1).
  • 96,262-tranche: prices ranged $53.50–$54.4995 (F3).
  • 38,822-tranche: prices ranged $54.50–$55.11 (F4).
  • 21,511-tranche: prices ranged $53.50–$53.69 (F5).
• Ownership structure (footnote F2): the securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP is the general partner that exercises voting/investment power; I Squared Capital is the sole member of the GP; ISQ Holdings is the managing member; individual principals disclaim direct beneficial ownership except to the extent of pecuniary interest.
• Shares owned after the transactions are not specified in the items provided in this summary.
• Filing appears to have been submitted on 2026-09-21; Form 4 is generally due within two business days of the transaction, so this filing appears timely.

Context

• These are institutional sales by a 10% owner (through its GP and related entities), not an individual executive's buy/sell signal. Sales by large holders can be routine portfolio management or liquidity events and do not alone indicate company performance.
• The filing notes weighted-average price ranges and offers to provide per-trade price breakdowns on request to the issuer, shareholders, or SEC staff.