John W. Schlosser - 24 Jul 2023 Form 4 Insider Report for KINDER MORGAN, INC. (KMI)

Signature
/s/ John W. Schlosser
Issuer symbol
KMI
Transactions as of
24 Jul 2023
Net transactions value
-$162,142
Form type
4
Filing time
26 Jul 2023, 16:07:27 UTC
Previous filing
26 Jan 2023
Next filing
04 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMI Class P Common Stock Sale $135,000 -7,500 -38% $18.00 12,219 24 Jul 2023 Direct F1
transaction KMI Class P Common Stock Sale $27,142 -1,500 -12% $18.10 10,719 25 Jul 2023 Direct F1, F2
* 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 Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on January 31, 2023 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.082 to $18.105 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.