ISQ's 13D/A Details ~$134M of Kinetik Sales, Stake Down to 15.8%
KNTK sits 71% above its 52-week low of $31.33.
Summary
ISQ Global Fund II's Amendment No. 17 confirms its 2M-share block sale at $54.77 and itemizes ~448K more shares sold since late September, leaving a 15.8% stake that remains a standing source of Class A supply.
Key Events · Ownership and Investor Activity · KNTK
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2M-Share Block Sale Confirmed
Buzzard Midstream LLC redeemed 2,000,000 Common Units into Class A shares on 2026-10-13 and sold them in a block trade at $54.77 for $109.5M, executing the sale noticed in the 2026-10-14 Form 144.
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Additional Sales Itemized
Amendment No. 17 discloses roughly 448,272 further shares sold from 09/22 through 10/12 at weighted-average prices of $53.53-$54.64, about $24.2M not previously broken out.
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Stake Down to 15.8%
Post-transaction beneficial ownership is 15,169,892 shares (15.8% of Class A), consisting of 13,569,492 Common Units paired with Class C shares plus 1,600,399 shares acquirable under the Contribution Allocation Agreement.
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Board Rights Already Gone
The reduction continues the September 21 amendment that took ISQ below the 10% threshold and terminated its board designation rights and key shareholder agreements.
Analysis · KNTK · Energy & Transportation
ISQ Global Fund II's Amendment No. 17 confirms the 2 million-share block sale at $54.77 ($109.5M) that was already noticed in the prior day's Form 144, but it also itemizes roughly 448,272 additional shares sold between September 22 and October 12 for about $24.2M that had not been broken out before. Combined, the reporting persons have now disclosed roughly $134M of selling in under a month, and their remaining position is 15,169,892 shares, or 15.8% of Class A stock — mostly 13,569,492 Common Units paired with Class C shares that can be redeemed one-for-one into Class A. That structure matters: the overhang is not going away, it is a standing source of future Class A supply. The selling follows the September 21 amendment that took ISQ below the 10% threshold and ended its board designation rights, so this is a financial investor exiting a governance role and monetizing the position, not an operating signal about Kinetik's business. With the 90-day insider tape showing only sales and no open-market purchases, the supply pressure is one-directional.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.7% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KNTK was trading at $53.44 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $8.7B. The 52-week trading range was $31.33 to $56.92. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.