| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | KNTK | Class A Common Stock | Award | $0 | +4K | +7.98% | $0.00 | 54.2K | May 31, 2023 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Represents a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the reporting person's election under the Kinetik Holdings Inc. 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earliest to occur of a Change of Control (as defined in the Plan) or the termination of the reporting person's service relationship with Kinetik Holdings Inc. (the "Company"). |
| F2 | While the RSUs remain outstanding, the reporting person will be entitled to receive an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock except that such amount will (a) be subject to the terms and conditions of the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"), and (b) be immediately vested in full and paid to the reporting person in accordance with the DRIP at the time elected by the reporting person pursuant to the reporting person's election under the Plan, as described in Note 1 above. |
| F3 | Amount reported includes 199 additional RSUs and 2,311 shares of Class A Common stock acquired by the reporting person since the date of the reporting person's last Form 5 in connection with the reinvestment of dividends described herein. |