Global Infrastructure Investors II, LLC - Aug 10, 2021 Form 4 Insider Report for Hess Midstream LP (HESM)

Role: Director, 10%+ Owner
Signature: Global Infrastructure Investors II, LLC, By: /s/ Mark Levitt, Secretary
Stock symbol: HESM
Transactions as of: Aug 10, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/11/2021, 04:05 PM
Next filing: Oct 12, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HESM	Class B Shares	Other	$0	-15.6M	-12.04%	$0.00	114M	Aug 10, 2021	See footnote	F1, F2
holding	HESM	Class A Shares						449K	Aug 10, 2021	See footnote	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HESM	Opco Class B Units	Disposed to Issuer	$0	-15.6M	-12.04%	$0.00	114M	Aug 10, 2021	Class A Shares	15.6M		See footnotes	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the cancellation for no consideration of Class B Shares in connection with the repurchase of Opco Class B Units.
F2	Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the general partner of Hess Midstream GP LLC, which is the general partner of Hess Midsteam LP. Hess Infrastructure Partners GP LLC is a 50/50 joint venture between Hess Investments North Dakota LLC and GIP II Blue Holding Partnership, L.P. ("Blue Holding Partnership"). As such, each of the foregoing entities may be deemed to beneficially owned the securities held of record by Hess Midstream GP LP. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F3	The Opco Class B Units may be converted at any time in to Class A Shares on a one-to-one basis and have no expiration date.
F4	Represents securities held by Blue Holding Partnership.
F5	Global Infrastructure Investors II, LLC ("Global Investors") is the sole general partner of Global Infrastructure GP II, L.P. ("Global GP"), which is the sole member of GIP Blue Holding GP, LLC, ("Blue Holding GP"), which is the general partner of Blue Holding Partnership. As such, each of Global Investors, Global GP and Blue Holding GP may be deemed to beneficially own the securities held of record by Blue Holding Partnership. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.