Global Infrastructure Investors II, LLC - Jun 26, 2024 Form 4 Insider Report for Hess Midstream LP (HESM)

Signature
Global Infrastructure Investors II, LLC, By: /s/ Mark Levitt, Secretary
Stock symbol
HESM
Transactions as of
Jun 26, 2024
Transactions value $
-$62,391,619
Form type
4
Date filed
6/26/2024, 07:44 PM
Previous filing
Jun 3, 2024
Next filing
Sep 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class B Shares Other $0 -1.7M -3.54% $0.00 46.4M Jun 26, 2024 See footnote F1, F2
transaction HESM Class B Shares Other $0 -1.7M -100% $0.00* 0 Jun 26, 2024 See footnote F3, F4, F5
holding HESM Class A Shares 449K Jun 26, 2024 See footnote F2

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 HESM Opco Class B Units Disposed to Issuer -$62.4M -1.7M -3.54% $36.71 46.4M Jun 26, 2024 Class A Shares 1.7M See footnote F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the transfer of 1,699,581 Class B Shares from Hess Midstream GP LP to GIP II Blue Holding, L.P. ("Blue Holding") for no consideration.
F2 Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the sole member of Hess Midstream GP LLC, which is the general partner of Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is a 50/50 joint venture between HINDL and Blue Holding. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Hess Midstream GP LP. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F3 Reflects the cancellation for no consideration of Class B Shares in connection with Hess Midstream Operations LP's repurchase of 1,699,581 Opco Class B Units from Blue Holding and a subsequent cancellation of such Opco Class B Units.
F4 Reflects holdings following a transaction exempt from reporting purusuant to Rule 16a-13.
F5 Represents securities held by Blue Holding. Global Infrastructure Investors II, LLC is the sole general partner of Global Infrastructure GP II, L.P., which is the sole member of GIP Blue Holding GP, LLC, which is the general partner of Blue Holding. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Blue Holding. Each such entity disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
F6 The Opco Class B Units may be converted at any time into Class A Shares on a one-to-one basis and have no expiration date.