| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | KNTK | Class A Common Stock | Options Exercise | $0 | +25 | +0% | $0.00 | 2.99M | Jan 31, 2023 | Direct | F1, F2, F3 |
| holding | KNTK | Class A Common Stock | 804 | Jan 31, 2023 | By 401(k) plan | F4 | |||||
| holding | KNTK | Class A Common Stock | 1.28K | Jan 31, 2023 | By spouse | 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 | -25 | -0.1% | 24.5K | Jan 31, 2023 | Class A Common Stock | 25 | Direct | F1, F2 | |||
| holding | KNTK | Kinetik Holdings Units | 798K | Jan 31, 2023 | Class A Common Stock | Direct | F6, F7 |
| 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 January 31, 2023, the Reporting Person received shares of Class A Common Stock in settlement of Consideration Allocation Rights pursuant to the Allocation Agreement. |
| F3 | Includes an additional 82,577 shares acquired by Mr. Welch since the date of Mr. Welch's last Form 4 pursuant to the Company's Dividend and Distribution Reinvestment Plan ("DRIP"), which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Securities Exchange Act of 1934, as amended. Includes 10,680 shares that were previously reported on May 5, 2022 and inadvertently omitted from the Reporting Person's subsequent Forms 4. |
| F4 | Includes an additional 17 shares acquired by Mr. Welch since the date of Mr. Welch's last Form 4 pursuant to the DRIP, 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. Includes an additional 76 shares acquired by Mr. Welch's spouse since the date of Mr. Welch's last Form 4 pursuant to the DRIP, which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Securities Exchange Act of 1934, as amended. |
| F6 | The term "Kinetik Holdings Units" is used herein to represent common units representing limited partnership interests in Kinetik Holdings LP (the "Partnership" and such common units "Partnership Common Units") and an equal number of paired shares of Class C Common Stock of the Issuer. The terms of the Third Amended and Restated Agreement of Limited Partnership of the Partnership provide that each holder of Partnership Common Units (other than the Issuer) generally has the right to cause the Partnership to redeem all or a portion of its Partnership Common Units (the "Redemption Right") in exchange for shares of Class A Common Stock of the Issuer or, at the Partnership's election, an equivalent amount of cash. In connection with any redemption of Partnership Common Units pursuant to the Redemption Right, the corresponding number of shares of the Class C Common Stock will be cancelled. The Partnership Common Units and the right to exercise the Redemption Right have no expiration date. |
| F7 | Total number of Kinetik Holdings Units has been adjusted to (i) include 28,468 (without giving effect to the unit split described below) Kinetik Holdings Units which were inadvertently omitted from the Reporting Person's Form 4 filed February 24, 2022 and (ii) reflect the two-for-one unit split the Partnership effected on June 8, 2022 in connection with the Company's 2-for-1 stock split with respect to its Class A Common Stock and Class C Common Stock. |
Chief Executive Officer, President, Chief Financial Officer