ORDEMANN WILLIAM 4

What Happened

• William Ordemann, a Director of Kinetik Holdings, was granted/acquired 3,102 restricted stock units (RSUs) on 2026-05-19. The reported acquisition price is $0 (typical for RSU awards). The reported amount includes approximately 295 additional RSUs received through dividend reinvestment since the Reporting Person's last Form 5.
• These RSUs are fully vested but, per the director’s election under Kinetik’s Amended and Restated 2019 Omnibus Compensation Plan, settlement is deferred until the earlier of (a) termination of service, (b) a change-in-control, or (c) January 1, 2027.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-20 (filed promptly the next day).
• Transaction type/code: Award/Acquisition (A).
• Shares/units: 3,102 RSUs reported; reported acquisition price: $0.
• Includes ~295 additional RSUs from dividend reinvestment since last Form 5 (footnote).
• While outstanding, dividend equivalents are reinvested into additional RSUs that vest immediately and will be settled with the original award.
• Shares owned after the transaction are not specified in the provided summary.

Context

• RSUs are a deferred-equity award (not the same as an open-market purchase). They convert one-for-one into common stock only upon settlement; this award therefore does not represent an immediate buy or sale of common shares.
• Because the award is deferred and not a market purchase, it should be viewed as compensation/retention-related rather than a direct insider signal of buying or selling intent.