| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | KNTK | Class A Common Stock | Options Exercise | $0 | +39 | +0% | $0.00 | 2.79M | Aug 3, 2022 | Direct | F1, F2, F3, F4 |
| holding | KNTK | Class A Common Stock | 1.2K | Aug 3, 2022 | By spouse | F3, F5 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | KNTK | Consideration Allocation Rights | Options Exercise | -39 | -0.16% | 24.5K | Aug 3, 2022 | Class A Common Stock | 39 | Direct | F1, F2, F6 |
| Id | Content |
|---|---|
| F1 | Consideration Allocation Rights refer to the right of a holder thereof to receive on February 25, 2025 and February 25, 2026, or an earlier settlement date as described in the Consideration Allocation Agreement (the "Allocation Agreement"), dated as of February 22, 2022, by and among the Issuer and certain stockholders, on a one-for-one basis, additional shares of Class A Common Stock originally issued as consideration in connection with the transactions under the Contribution Agreement (the "Contribution Agreement"), dated October 21, 2021, by and among the Issuer, Kinetik Holdings LP, BCP Raptor Holdco, LP and New BCP Raptor Holdco, LLC, to the extent such shares of Class A Common Stock originally issued as consideration are forfeited by the original holders. Class A Common Stock or any other class or series of capital stock of the Issuer will be issued pursuant to Consideration Allocation Rights solely to the extent a corresponding forfeiture of specified shares has occurred. |
| F2 | On August 3, 2022, the Reporting Person received shares of Class A Common Stock in settlement of Consideration Allocation Rights pursuant to the Allocation Agreement. |
| F3 | Total number of shares of Class A Common Stock has been adjusted to reflect the two-for-one stock split the Company effected on June 8, 2022 with respect to its Class A Common Stock and Class C Common Stock. The stock split was accomplished by distributing one additional share of Class A Common Stock for each share of Class A Common Stock outstanding and one additional share of Class C Common Stock for each share of Class C Common Stock outstanding. |
| F4 | Includes an additional 75,239 shares (as adjusted to reflect the two-for-one stock split) acquired by Mr. Welch since the date of Mr. Welch's last Form 4 pursuant to the Company's Dividend and Distribution Reinvestment Plan, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Securities Exchange Act of 1934, as amended. |
| F5 | Reflects shares of Class A Common Stock held in the Reporting Person's spouse's individual retirement account. |
| F6 | Total number of Consideration Allocation Rights has been adjusted to reflect the two-for-one stock split the Company effected on June 8, 2022 with respect to its Class A Common Stock and Class C Common Stock. The stock split was accomplished by distributing one additional share of Class A Common Stock for each share of Class A Common Stock outstanding and one additional share of Class C Common Stock for each share of Class C Common Stock outstanding. |
Chief Executive Officer, President, Chief Financial Officer