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

What Happened
ISQ Global Fund II GP LLC, identified as a 10% owner of Kinetik Holdings, sold a total of 64,131 KNTK shares in two open-market transactions. On 2026-09-22 it sold 39,937 shares at a weighted average price of $53.72 for proceeds of $2,145,376; on 2026-09-23 it sold 24,194 shares at a weighted average price of $53.55 for proceeds of $1,295,707. Total proceeds were approximately $3.44 million. These were outright sales (not purchases or option exercises) and are typically routine liquidation by an institutional holder rather than a direct signal of company prospects.

Key Details

• Transaction dates and reported prices:
  • 2026-09-22: 39,937 shares @ $53.72 (weighted avg) — $2,145,376 (Footnote F1: price range $53.50–$54.01)
  • 2026-09-23: 24,194 shares @ $53.55 (weighted avg) — $1,295,707 (Footnote F3: price range $53.50–$53.7821)
• Total shares sold: 64,131; total proceeds: ≈ $3.44M.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported on 2026-09-24 for transactions on 2026-09-22 and 09-23; appears timely (Form 4s are generally due within two business days).
• 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 and investment power; I Squared Capital, ISQ Holdings and named members are in the ownership chain and disclaim beneficial ownership except for pecuniary interest.

Context
This is institutional selling by a 10% owner (not an executive insider). Such sales can reflect portfolio rebalancing or cash needs and are not, by themselves, definitive indicators of management’s view of the company. The footnotes indicate the reported prices are weighted averages across multiple trades; more granular per-trade prices are available from the reporting persons upon request.