Kinetik Holdings Inc.: 10% owner ISQ Global Fund II GP LLC sold 216,019 shares

What happened

• ISQ Global Fund II GP LLC, identified as a 10% owner, sold a total of 216,019 shares of Kinetik Holdings Inc. in four transactions. The filing reports weighted-average prices and aggregate proceeds of $11,719,523.
• Reported tranches: 119,203 shares at $54.29 for $6,472,055; 35,300 shares at $53.93 for $1,903,747; 23,139 shares at $54.64 for $1,264,259; 38,377 shares at $54.19 for $2,079,462. Transactions are coded as sales (S), described as open market or private sales.

Key details

• Transaction dates and reported weighted-average prices and proceeds:
  • Oct 8, 2026: 119,203 shares at $54.29, proceeds $6,472,055.
  • Oct 9, 2026: 35,300 shares at $53.93, proceeds $1,903,747.
  • Oct 9, 2026: 23,139 shares at $54.64, proceeds $1,264,259.
  • Oct 12, 2026: 38,377 shares at $54.19, proceeds $2,079,462.
• Shares owned after the transaction: not stated in the filing.
• Footnotes of note:
  • The filing states the reported prices are weighted averages and that shares were sold in multiple transactions at prices within reported ranges; the reporting persons offer to provide a breakdown on request.
  • Ownership structure: the securities are directly held by Buzzard Midstream LLC; Fund II GP is the general partner of the indirect owners of Buzzard Midstream LLC; I Squared Capital, LLC is the sole member of Fund II GP; ISQ Holdings is the managing member of I Squared Capital. Sadek Wahba and Gautam Bhandari are members of ISQ Holdings and disclaim beneficial ownership except for pecuniary interest.
• The filing describes the sales; it does not indicate any 10b5-1 plan, tax withholding, or option exercise.

Why it may matter

• The reporting person is a 10% owner (a large holder) and the transactions reported are sales in the market or private sales, not option exercises or gifts.
• A filing does not show why the insider traded or why the company acted.