Kinetik (KNTK) Director Deborah Byers Sells 2,739 Shares
$KNTK · Kinetik Holdings Inc.Research Summary
AI-generated summary of this SEC filing
Kinetik (KNTK) Director Deborah Byers Sells 2,739 Shares
What Happened
Deborah L. Byers, a director of Kinetik Holdings Inc. (KNTK), sold 2,739 shares of Class A common stock on August 12, 2026. The shares were disposed at $51.51 per share for a total transaction value of approximately $141,086. This was a sale (not a purchase), which is commonly routine insider selling and does not by itself signal management’s view of the company.
Key Details
- Transaction date: 2026-08-12; filing date: 2026-08-13 (filed the next day).
- Transaction type: Reported as an open‑market or private sale (Code S).
- Price: Weighted average price reported $51.51; filing notes the shares were sold in a single transaction at $51.51.
- Shares sold: 2,739; proceeds ≈ $141,086.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1 clarifies these were shares of Class A common stock sold by the reporting person.
- F2 notes the price shown is a weighted average and that the shares were sold at $51.51; the reporting person will provide a breakdown of shares by price on request.
- Timeliness: Filing appears timely—reported the day after the transaction.
Context
Sales by directors can be for many reasons (diversification, personal liquidity, tax planning) and are not, on their own, definitive signals about company performance. For retail investors, purchases tend to attract more attention as potential bullish signals; this single open‑market sale should be viewed as routine insider activity unless accompanied by other material disclosures.