Jamie Welch - Jul 31, 2023 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
Chief Executive Officer, President, Chief Financial Officer, Director
Signature
By: /s/ Steven Stellato, Attorney-in-Fact
Stock symbol
KNTK
Transactions as of
Jul 31, 2023
Transactions value $
$0
Form type
4
Date filed
8/2/2023, 04:38 PM
Previous filing
May 5, 2023
Next filing
Aug 22, 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 +20 +0% $0.00 3.24M Jul 31, 2023 Direct F1, F2, F3
holding KNTK Class A Common Stock 850 Jul 31, 2023 By 401(k) plan F4
holding KNTK Class A Common Stock 1.34K Jul 31, 2023 By spouse F5

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 -20 -0.08% 24.4K Jul 31, 2023 Class A Common Stock 20 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 July 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 100,360 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.
F4 Includes an additional 25 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 34 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.

Remarks:

Chief Executive Officer, President, Chief Financial Officer