David P. Michels - 31 Jul 2025 Form 4 Insider Report for KINDER MORGAN, INC. (KMI)

Role
VP and Chief Financial Officer
Signature
/s/ David P. Michels
Issuer symbol
KMI
Transactions as of
31 Jul 2025
Net transactions value
-$2,073,226
Form type
4
Filing time
04 Aug 2025, 17:08:05 UTC
Previous filing
17 Jul 2025
Next filing
26 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Michels David Patrick VP and Chief Financial Officer 1001 LOUISIANA STREET, SUITE 1000, HOUSTON /s/ David P. Michels 04 Aug 2025 0001573038

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMI Class P Common Stock Options Exercise $0 +86,656 +59% $0.000000 233,124 31 Jul 2025 Direct F1
transaction KMI Class P Common Stock Tax liability $945,510 -33,696 -14% $28.06 199,428 31 Jul 2025 Direct F2, F3
transaction KMI Class P Common Stock Sale $1,127,716 -40,000 -20% $28.19 159,428 04 Aug 2025 Direct F4, F5

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 KMI Restricted Stock Unit Options Exercise $0 -86,656 -100% $0.000000 0 31 Jul 2025 Class P Common Stock 86,656 Direct F6, F7
* 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 This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date.
F2 Represents shares withheld by the issuer to satisfy tax withholding obligations upon the reported vesting of restricted stock units.
F3 Closing price of Class P Common Stock on the date of vesting.
F4 Sales were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on February 19, 2025 in accordance with Rule 10b5-1 under the Securities Exchange Act, as amended.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.11 to $28.45 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.
F6 Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock.
F7 These restricted stock units vested on July 31, 2025.