James D. Johnston - Nov 6, 2023 Form 4 Insider Report for Summit Midstream Partners, LP (SMLP)

Role
Officer
Signature
/s/ James D. Johnston
Stock symbol
SMLP
Transactions as of
Nov 6, 2023
Transactions value $
-$53,664
Form type
4
Date filed
11/8/2023, 06:15 PM
Previous filing
Nov 3, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMLP Common Units Sale -$16.5K -817 -2.55% $20.23 31.2K Nov 6, 2023 Direct F1, F2
transaction SMLP Common Units Sale -$31.9K -1.59K -5.1% $20.03 29.6K Nov 7, 2023 Direct F1, F3
transaction SMLP Common Units Sale -$5.21K -260 -0.88% $20.03 29.4K Nov 8, 2023 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These units were sold in compliance with a qualified selling plan adopted by the reporting person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
F2 The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These units were sold in multiple transactions at prices ranging from $20.05 to $20.45, inclusive. The reporting person undertakes to provide to Summit Midstream Partners, LP, any security holder of Summit Midstream Partners, LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of units sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
F3 The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These units were sold in multiple transactions at prices ranging from $20.00 to $20.25, inclusive. The reporting person undertakes to provide to Summit Midstream Partners, LP, any security holder of Summit Midstream Partners, LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of units sold at each separate price within the ranges set forth in footnote 3 to this Form 4.
F4 The price reported in Column 4 is a weighted average price and has been rounded to the nearest cent. These units were sold in multiple transactions at prices ranging from $20.00 to $20.04, inclusive. The reporting person undertakes to provide to Summit Midstream Partners, LP, any security holder of Summit Midstream Partners, LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of units sold at each separate price within the ranges set forth in footnote 4 to this Form 4.

Remarks:

The Reporting Person is Executive Vice President, General Counsel, and Chief Compliance Officer of Summit Midstream GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.