10% Owner Sells $179.4M in Kinetik Holdings Shares Following Conversion
Summary
A group of 10% owners, including ISQ Global Fund II GP LLC, sold 4 million shares of Kinetik Holdings Inc. Class A Common Stock for $179.4 million after converting derivative units.
Key Events
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Significant Share Sale
ISQ Global Fund II GP LLC and affiliated 10% owners sold 4,000,000 shares of Class A Common Stock for $179.4 million at a price of $44.85 per share on February 26, 2026.
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Conversion Preceded Sale
The sale followed the conversion of 4,000,000 Kinetik Holdings Units into Class A Common Stock on the same day, February 26, 2026.
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Follows Form 144 Filing
This Form 4 reports the execution of the intent to sell 4,000,000 shares previously disclosed in a Form 144 filing by ISQ Global Fund II GP LLC on February 27, 2026.
Analysis
A group of 10% owners, led by ISQ Global Fund II GP LLC, executed a substantial sale of Kinetik Holdings Inc. Class A Common Stock. This transaction involved the conversion of 4,000,000 Kinetik Holdings Units into Class A Common Stock, immediately followed by the open market sale of these shares for $179.4 million. While the reporting owners are 10% owners and not operational insiders, the significant dollar value of the sale is notable. This Form 4 filing confirms the actual sale, following the intent to sell disclosed in a Form 144 filed on February 27, 2026.
At the time of this filing, KNTK was trading at $46.71 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.6B. The 52-week trading range was $31.33 to $59.74. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.