Jamie Welch - May 3, 2023 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
Chief Executive Officer, President, Chief Financial Officer, Director
Signature
By: /s/ Todd Carpenter, Attorney-in-Fact
Stock symbol
KNTK
Transactions as of
May 3, 2023
Transactions value $
$0
Form type
4
Date filed
5/5/2023, 06:05 AM
Previous filing
Apr 4, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNTK Class A Common Stock Options Exercise $0 +77 +0% $0.00 3.14M May 3, 2023 Direct F1, F2
holding KNTK Class A Common Stock 825 May 3, 2023 By 401(k) plan
holding KNTK Class A Common Stock 1.31K May 3, 2023 By spouse F3

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 KNTK Consideration Allocation Rights Options Exercise -77 -0.31% 24.4K May 3, 2023 Class A Common Stock 77 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 May 3, 2023, the Reporting Person received shares of Class A Common Stock in settlement of Consideration Allocation Rights pursuant to the Allocation Agreement.
F3 Reflects shares of Class A Common Stock held in the Reporting Person's spouse's individual retirement account.

Remarks:

Chief Executive Officer, President, Chief Financial Officer