Global Infrastructure Investors II, LLC - 15 Jan 2025 Form 4 Insider Report for Hess Midstream LP (HESM)

Role: Director, 10%+ Owner
Signature: Global Infrastructure Investors II, LLC, By: /s/ Gregg Myers, Chief Financial Officer
Issuer symbol: HESM
Transactions as of: 15 Jan 2025
Net transactions value: -$62,391,636
Form type: 4
Filing time: 15 Jan 2025, 17:59:42 UTC
Previous filing: 20 Sep 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HESM	Class B Shares	Other	$0	-1,605,136	-5%	$0.000000	30,336,403	15 Jan 2025	See footnote	F1, F2
transaction	HESM	Class B Shares	Other	$0	-1,605,136	-100%	$0.000000	0	15 Jan 2025	See footnote	F3, F4, F5
holding	HESM	Class A Shares						449,000	15 Jan 2025	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	$62,391,636	-1,605,136	-5%	$38.87	30,336,403	15 Jan 2025	Class A Shares	1,605,136		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 1,605,136 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 1,605,136 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.