HULSE WALTER S III 4

What Happened

• Walter S. Hulse III, Chief Financial Officer, Treasurer and Executive VP (Investor Relations & Corporate Development) of ONEOK (OKE), had 7,739.389 restricted units vest on February 22, 2026. Those units converted into 7,739.389 shares of common stock.
• To satisfy tax withholding on the vesting, 3,454.389 shares were surrendered at $87.33 per share, a value of approximately $301,672. Net shares issued to Hulse after withholding = 4,285.000 shares.
• This is not an open‑market purchase or sale for investment—it's the vesting/settlement of equity compensation with a routine tax withholding.

Key Details

• Transaction date: 2026-02-22.
• Vested/converted: 7,739.389 shares (derivative conversion of restricted units).
• Shares withheld for taxes: 3,454.389 @ $87.33 for ~$301,672 (reported as a disposal for tax withholding).
• Net shares received: 4,285.000.
• Footnote: Award was restricted units under the Equity Incentive Plan that vested on 2/22/2026; dividend equivalents credited during the vesting period were paid in additional shares at vesting.
• Shares owned after the transaction: not specified in the provided excerpt.
• Filing timeliness: no late‑filing indication provided.

Context

• This is a routine RSU vesting and cashless tax withholding (shares surrendered to cover tax liability), not a market buy or sell that signals investment intent.
• The Form 4 shows both the derivative conversion (M code) and the tax withholding (F code).