ISQ Global Fund II GP LLC - 26 Feb 2026 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
10%+ Owner
Signature
ISQ Global Fund II GP, LLC, By: /s/ Gautam Bhandari, Director
Issuer symbol
KNTK
Transactions as of
26 Feb 2026
Net transactions value
-$179,400,000
Form type
4
Filing time
02 Mar 2026, 17:27:27 UTC
Previous filing
06 Jun 2025

Reporting Owners (5)

Name Relationship Address Signature Signature date CIK
ISQ Global Fund II GP LLC 10%+ Owner 600 BRICKELL AVENUE, PENTHOUSE, MIAMI ISQ Global Fund II GP, LLC, By: /s/ Gautam Bhandari, Director 02 Mar 2026 0001904934
I Squared Capital, LLC 10%+ Owner 600 BRICKELL AVENUE, PENTHOUSE, MIAMI I Squared Capital, LLC, By: ISQ Holdings, LLC, its managing member, By: /s/ Gautam Bhandari, Manager 02 Mar 2026 0001904404
ISQ Holdings, LLC 10%+ Owner 600 BRICKELL AVENUE, PENTHOUSE, MIAMI ISQ Holdings, LLC, By: /s/ Gautam Bhandari, Manager 02 Mar 2026 0001904413
Wahba Sadek 10%+ Owner 600 BRICKELL AVENUE, PENTHOUSE, MIAMI /s/ Sadek Wahba 02 Mar 2026 0002020905
Bhandari Gautam 10%+ Owner 600 BRICKELL AVENUE, PENTHOUSE, MIAMI /s/ Gautam Bhandari 02 Mar 2026 0002020876

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNTK Class A Common Stock Conversion of derivative security +4,000,000 +400000000% 4,000,001 26 Feb 2026 See Explanation of Responses F1, F2, F3
transaction KNTK Class A Common Stock Sale $179,400,000 -4,000,000 -100% $44.85 1 26 Feb 2026 See Explanation of Responses 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 Kinetik Holdings Units Conversion of derivative security $0 -4,000,000 -18% $0.000000 18,569,492 26 Feb 2026 Class A Common Stock 4,000,000 See Explanation of Responses F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Securities issued pursuant to and in connection with a contribution agreement (the "Contribution Agreement"), dated October 21, 2021, by and among Kinetik Holdings Inc., a Delaware corporation (f/k/a Altus Midstream Company, the "Issuer"), Kinetik Holdings LP, a Delaware limited partnership (f/k/a Altus Midstream LP, the "Partnership"), BCP Raptor Holdco, LP, a Delaware limited partnership, and New BCP Raptor Holdco, LLC, a Delaware limited liability company.
F2 The term "Kinetik Holdings Units" is used herein to represent common units representing limited partnership interests in the Partnership ("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.
F3 The securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP, LLC ("Fund II GP") is the general partner of the members of the indirect owners of Buzzard Midstream LLC and, in such capacity, exercises voting and investment power over the securities directly held by Buzzard Midstream LLC. I Squared Capital, LLC ("I Squared Capital") is the sole member of Fund II GP. ISQ Holdings, LLC ("ISQ Holdings") is the managing member of I Squared Capital. Each of Sadek Wahba and Gautam Bhandari is a member of ISQ Holdings and disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein.