Kennedy Michael N. 4

What Happened
Michael N. Kennedy, Chief Executive Officer and President of Antero Midstream Corp (AM), reported the sale of 100,000 shares on May 4, 2026. The shares were sold for a weighted average price of $21.92, resulting in gross proceeds of approximately $2,192,000. The filing lists the transaction as an open-market or private sale and is coded as a sale (S).

Key Details

• Transaction date: 2026-05-04
• Price: weighted average $21.92; reported trade prices ranged from $21.57 to $22.06.
• Proceeds: ~$2,192,000 (100,000 shares x $21.92 WAP).
• Post-transaction holdings: the filing does not state a total shares-after number; it does note 472,354 shares are subject to previously granted restricted stock units that remain subject to vesting.
• Footnotes: sale effected under a Rule 10b5-1 trading plan adopted November 6, 2025 (F1); price is a weighted average with range and breakdown available on request (F2); RSU inclusion noted (F3).
• Timeliness: filing reports the transaction date and was filed the same day (no late filing indicated).

Context
This was a sale executed under a pre-established 10b5-1 plan, which typically indicates trades were preplanned rather than spontaneous insider-driven buys/sells. Sales are common and do not necessarily signal a change in view about the company; purchases tend to be more informative about insider bullishness. The filing contains no option exercises or gifts — just a planned sale of common stock.