HESS CORP - 15 Jan 2025 Form 4 Insider Report for Hess Midstream LP (HESM)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: HESM
Reported as of: 15 Jan 2025
Net transaction value: -$37,608,319
SEC form: 4
Accepted by SEC: 15 Jan 2025, 18:18:50 UTC
Prior SEC filing: 11 Sep 2024
Next SEC filing: 12 May 2025
Source filing: View source filing
Reporting owner signature: Hess Corporation By: /s/ John P. Rielly, Executive Vice President and Chief Financial Officer

Key filing fact

HESS CORP filed Form 4 for Hess Midstream LP (HESM) on 15 Jan 2025.

Key facts

This page summarizes HESS CORP's Form 4 filing for Hess Midstream LP (HESM).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 15 Jan 2025, 18:18.

Change

Previous filing in this sequence was filed on 11 Sep 2024.
Current net transaction value: -$37,608,319.

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

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

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

HESM transaction

Class B Shares

Other

Transaction value: $0
Shares: -1,605,136
Change %: -5%
Price: $0.000000
Shares after: 30,336,403
Date: 15 Jan 2025
Ownership: See footnote
Footnotes: F1, F2, F3

HESM holding

Class B Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 50,681,743
Date: 15 Jan 2025
Ownership: See footnote
Footnotes: F2, F4

HESM holding

Class A Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 449,000
Date: 15 Jan 2025
Ownership: See footnote
Footnotes: F3

Reported derivative securities

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

HESM transaction Derivative

Opco Class B Units

Disposed to Issuer

Transaction value: $37,608,319
Shares: -967,541
Change %: -1.2%
Price: $38.87
Shares after: 81,018,146
Date: 15 Jan 2025
Ownership: See footnote
Underlying class: Class A Shares
Underlying amount: 967,541
Exercise price
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Reflects (i) the cancellation for no consideration of 967,541 Class B Shares in connection with Hess Midstream Operations LP's repurchase of 967,541 Opco Class B Units from Hess Investments North Dakota LLC ("HINDL") and the subsequent cancellation of such Opco Class B Units, and (ii) the transfer of 637,595 Class B Shares from Hess Midstream GP LP to HINDL for no consideration.

Footnote F2

Reflects holdings following a transaction exempt from reporting pursuant to Rule 16a-13.

Footnote F3

Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the sole member of Hess Midstream GP LLC, which is the general partner of Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is a 50/50 joint venture between HINDL and GIP II Blue Holding. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Hess Midstream GP LP. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.

Footnote F4

Represents securities held by HINDL. HINDL is an indirect, wholly owned subsidiary of Hess Corporation, a publicly traded company listed on the New York Stock Exchange. As a result, Hess Corporation may be deemed to beneficially own the securities held of record by HINDL and Hess Midstream GP LP. Hess Corporation disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

Footnote F5

The Opco Class B Units may be converted at any time into Class A Shares on a one-to-one basis and have no expiration date.