Key facts
- This page summarizes HESS CORP's Form 4 filing for Hess Midstream LP (HESM).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 30 Jun 2023, 16:36.
HESS CORP - 29 Jun 2023 Form 4 Insider Report for Hess Midstream LP (HESM)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- HESM
- Reported as of
- 29 Jun 2023
- Net transaction value
- -$50,000,004
- SEC form
- 4
- Accepted by SEC
- 30 Jun 2023, 16:36:23 UTC
- Prior SEC filing
- 22 May 2023
- Next SEC filing
- 22 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- Hess Corporation by: /s/ John P. Rielly, Executive Vice President and Chief Financial Officer
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Filing notes and source
Key filing fact
HESS CORP filed Form 4 for Hess Midstream LP (HESM) on 30 Jun 2023.
Change
- Previous filing in this sequence was filed on 22 May 2023.
- Current net transaction value: -$50,000,004.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
HESM
transaction
Class B Shares
Other
- Transaction value
- $0
- Shares
- -1,675,042
- Change %
- -1.9%
- Price
- $0.000000
- Shares after
- 88,056,634
- Date
- 29 Jun 2023
- Ownership
- See footnote
- Footnotes
- F1, F2
HESM
holding
Class A Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 449,000
- Date
- 29 Jun 2023
- Ownership
- See footnote
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
HESM
transaction
Derivative
Opco Class B Units
Disposed to Issuer
- Transaction value
- $50,000,004
- Shares
- -1,675,042
- Change %
- -1.9%
- Price
- $29.85
- Shares after
- 88,056,634
- Date
- 29 Jun 2023
- Ownership
- See footnote
- Underlying class
- Class A Shares
- Underlying amount
- 1,675,042
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Reflects the cancellation for no consideration of Class B Shares in connection with Hess Midstream Operations LP's repurchase of an aggregate 3,350,084 Opco Class B Units from Hess Investments North Dakota LLC ("HINDL") and GIP II Blue Holding, L.P. ("Blue Holding") and a subsequent cancellation of such Opco Class B Units.
Footnote 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.
Footnote F3
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.
Footnote F4
Represents securities held by HINDL. HINDL is an indirect, wholly owned subsidiary of Hess Corporation, a publicly traded company listed on the New York Stock Exchange. As a result, Hess Corporation may be deemed to beneficially own the securities held of record by HINDL and Hess Midstream GP LP. Hess Corporation disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.