Key facts
- This page summarizes BlackRock Portfolio Management LLC's Form 4 filing for Hess Midstream LP (HESM).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 19 Feb 2025, 16:20.
BlackRock Portfolio Management LLC - 19 Feb 2025 Form 4 Insider Report for Hess Midstream LP (HESM)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- HESM
- Reported as of
- 19 Feb 2025
- Net transaction value
- -$64,531,500
- SEC form
- 4
- Accepted by SEC
- 19 Feb 2025, 16:20:06 UTC
- Prior SEC filing
- 19 Feb 2025
- Next SEC filing
- 02 Apr 2025
- Source filing
- View source filing
- Reporting owner signature
- BlackRock Portfolio Management LLC, By: /s/ Julie Ashworth, Authorized Signatory
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
BlackRock Portfolio Management LLC filed Form 4 for Hess Midstream LP (HESM) on 19 Feb 2025.
Change
- Previous filing in this sequence was filed on 19 Feb 2025.
- Current net transaction value: -$64,531,500.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- -1,650,000
- Change %
- -8.5%
- Price
- $0.000000
- Shares after
- 17,686,403
- Date
- 19 Feb 2025
- Ownership
- See footnote
- Footnotes
- F1, F2
HESM
transaction
Class A Shares
Conversion of derivative security
- Transaction value
- $0
- Shares
- +1,650,000
- Change %
- Price
- $0.000000
- Shares after
- 1,650,000
- Date
- 19 Feb 2025
- Ownership
- See footnote
- Footnotes
- F3
HESM
transaction
Class A Shares
Sale
- Transaction value
- $64,531,500
- Shares
- -1,650,000
- Change %
- -100%
- Price
- $39.11
- Shares after
- 0
- Date
- 19 Feb 2025
- Ownership
- See footnote
- Footnotes
- F3
HESM
holding
Class A Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 449,000
- Date
- 19 Feb 2025
- Ownership
- See footnote
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
HESM
transaction
Derivative
Opco Class B Units
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,650,000
- Change %
- -8.5%
- Price
- $0.000000
- Shares after
- 17,686,403
- Date
- 19 Feb 2025
- Ownership
- See footnote
- Underlying class
- Class A Shares
- Underlying amount
- 1,650,000
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Reflects the cancellation for no consideration of Class B Shares in connection with the conversion of the Opco Class B Units into Class A Shares.
Footnote F2
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 Hess Investments North Dakota LLC ("HINDL") and GIP II Blue Holding, L.P. ("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 and BlackRock Portfolio Management LLC disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.
Footnote F3
Represents securities held by Blue Holding. Global Infrastructure Investors II, LLC is the sole general partner of Global Infrastructure GP II, L.P., which is the sole member of GIP Blue Holding GP, LLC, which is the general partner of Blue Holding. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Blue Holding. Each such entity and BlackRock Portfolio Management LLC disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
Footnote F4
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.
SEC remarks
In accordance with SEC Release No. 34-39538 (January 12, 1998), BlackRock Portfolio Management LLC is reporting Issuer securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. This filing does not include Issuer securities, if any, beneficially owned by other business units whose beneficial ownership of securities is disaggregated from that of the Reporting Business Units in accordance with such release.