Connect Midstream, LLC - 02 Dec 2024 Form 3 Insider Report for Summit Midstream Corp (SMC)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
03 Dec 2024, 17:05:05 UTC
Next SEC filing
28 Aug 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Connect Midstream, LLC, By: /s/ Jason H. Downie, Director

Key filing fact

Connect Midstream, LLC filed Form 3 for Summit Midstream Corp (SMC) on 03 Dec 2024.

Key facts

  • This page summarizes Connect Midstream, LLC's Form 3 filing for Summit Midstream Corp (SMC).
  • 0 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 03 Dec 2024, 17:05.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SMC holding

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
6,524,467
Date
02 Dec 2024
Ownership
See Footnotes
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SMC holding Derivative

Common Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
02 Dec 2024
Ownership
See Footnote
Underlying class
Common Stock
Underlying amount
6,524,467
Exercise price
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

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