Connect Midstream, LLC - Dec 2, 2024 Form 3 Insider Report for Summit Midstream Corp (SMC)

Role: 10%+ Owner
Signature: Connect Midstream, LLC, By: /s/ Jason H. Downie, Director
Stock symbol: SMC
Transactions as of: Dec 2, 2024
Transactions value $: $0
Form type: 3
Date filed: 12/3/2024, 05:05 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SMC	Class B Common Stock						6.52M	Dec 2, 2024	See Footnotes	F1, 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
holding	SMC	Common Units							Dec 2, 2024	Common Stock	6.52M		See Footnote	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities were received in connection with the contribution of Tall Oak Midstream Operating, LLC, a Delaware limited liability company ("Tall Oak"), to Summit Midstream Partners, LP, a Delaware limited partnership (the "Partnership"), pursuant to the Business Contribution Agreement, dated October 1, 2024, by and among the Issuer, the Partnership and Tall Oak Midstream Holdings, LLC, a Delaware limited liability company ("Tall Oak Parent"). Upon consummation of the foregoing, the reported securities were distributed by Tall Oak Parent to Connect Midstream.
F2	Common Units of the Partnership are exchangeable for an equivalent number of shares of Common Stock of the Issuer. Upon such conversion, an equivalent number of shares of Class B Common Stock are forfeited for no consideration. Shares of Class B Common Stock do not represent an economic interest in the Issuer but provide holders of Common Units with voting rights.
F3	The reported securities are held directly by Connect Midstream, LLC. Tailwater Energy Fund III LP is the sole member of Connect Midstream, LLC. TW GP EF-III LP is the general partner of Tailwater Energy Fund III LP. TW GP EF-III GP, LLC is the general partner of TW GP EF-III LP. Tailwater Capital LLC is the sole member of TW GP EF-III GP, LLC. Jason Downie and Edward Herring are each a Managing Partner of Tailwater Capital LLC. Each of the foregoing disclaim beneficial ownership of the reported securities directly held by Connect Midstream, LLC except to the extent of their respective pecuniary interest therein.