Jamie Welch - Oct 24, 2024 Form 4 Insider Report for Kinetik Holdings Inc. (KNTK)

Role
Chief Executive Officer, President, Director
Signature
By: /s/ Todd Carpenter, Attorney-in-Fact
Stock symbol
KNTK
Transactions as of
Oct 24, 2024
Transactions value $
$0
Form type
4
Date filed
10/28/2024, 08:21 PM
Previous filing
Apr 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNTK Class A Common Stock Options Exercise $0 +3 +0% $0.00 3.6M Oct 24, 2024 Direct F1, F2, F4
holding KNTK Class A Common Stock 1.52K Oct 24, 2024 By 401(k) plan F5
holding KNTK Class A Common Stock 1.46K Oct 24, 2024 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 -3 -0.01% 24.4K Oct 24, 2024 Class A Common Stock 3 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 October 24, 2024, 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. Includes an additional 28 shares acquired by the Reporting Person's spouse since the date of the Reporting Person's last Form 4 pursuant to Company's Dividend Reinvestment Plan ("DRIP"), which acquisition was exempt from Section 16 pursuant to Rule 16a-11 under the Exchange Act.
F4 Includes an additional 5,252 shares of Class A Common Stock acquired since the date of the Reporting Person's last Form 4 pursuant to the Company's DRIP, which acquisitions were exempt from Section 16 pursuant to Rule 16a-11 under the Securities Exchange Act of 1934, as amended.
F5 Includes an additional 592 shares of Class A Common Stock acquired by the Reporting Person since the date of the Reporting Person's last Form 4 in acquisitions exempt from Section 16 pursuant to Rule 16a-11 and Rule 16b-3(c) under the Exchange Act.

Remarks:

Chief Executive Officer, President