Kinetik Holdings Inc (KNTK) Form 4 Filed by Sadek Wahba and 4 Others, Oct 28, 2024

SEC Form 4 · No Market Transaction
Conversion

Conversion of derivative securities.

Reporting Owners

+ 2 more

TXN 2024-10-24 · FILED 2024-10-28
Equity Position 5M sh 4,996,717 → 4,996,951
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2024-10-28
Report Date
2024-10-28
Accession No.
0000905148-24-002849
Accepted At
2024-10-28 20:15 UTC
Reporting Owners
Name Relationship
Sadek Wahba CIK 0002020905
10% Owner
I Squared Capital, LLC CIK 0001904404
10% Owner
Gautam Bhandari CIK 0002020876
10% Owner
Isq Holdings, LLC CIK 0001904413
10% Owner
Isq Global Fund II Gp LLC CIK 0001904934
10% Owner
Sadek Wahba at Kinetik Holdings Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $446,572,091
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2026-10-07 Sell -$9,059,535 View
2026-09-24 Sell -$3,441,083 View
All filings by this insider at Kinetik Holdings Inc
Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Class A Common StockF1F2F3F4 2024-10-24 C - Conversion 234 A — 4,996,951 Indirect See Explanation of Responses
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Consideration Allocation RightsF1F2F3F1F2F3F1F2F3F4 2024-10-24 C - Conversion 234 D $0.00 234 Class A Common Stock Indirect See Explanation of Responses
Footnotes (4)
F1
Securities issued pursuant to and in connection with a contribution agreement (the "Contribution Agreement"), dated October 21, 2021, by and among Kinetik Holdings Inc., a Delaware corporation (f/k/a Altus Midstream Company, the "Issuer"), Kinetik Holdings LP, a Delaware limited partnership (f/k/a Altus Midstream LP, the "Partnership"), BCP Raptor Holdco, LP, a Delaware limited partnership, and New BCP Raptor Holdco, LLC, a Delaware limited liability company. Show more
F2
The term "Consideration Allocation Rights" refers to the right of a holder to receive, on a one-for-one basis, additional shares of Class A Common Stock originally issued as consideration in connection with the transactions under the Contribution Agreement, to the extent such shares of Class A Common Stock originally issued as consideration are forfeited by the original holders thereof (as described in footnote 3 below). Class A Common Stock or any other class or series of capital stock of the Issuer will be issued pursuant to Consideration Allocation Rights solely to the extent a corresponding forfeiture of specified shares has occurred. Show more
F3
Forfeiture may occur as follows: (i) with respect to 395,416 shares of Class A Common Stock, if Buzzard Midstream LLC and its affiliates receive less than $882,887,056.14 in cash proceeds from transfers of Partnership Common Units, Class C Common Stock and/or Class A Common Stock effected by February 25, 2028, and (ii) with respect to the remaining Consideration Allocation Rights, due to termination of service or employment by February 25, 2025 or February 25, 2026. Show more
F4
The securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP, LLC ("Fund II GP") is the general partner of the members of the indirect owners of Buzzard Midstream LLC and, in such capacity, exercises voting and investment power over the securities directly held by Buzzard Midstream LLC. I Squared Capital, LLC ("I Squared Capital") is the sole member of Fund II GP. ISQ Holdings, LLC ("ISQ Holdings") is the managing member of I Squared Capital. Each of Sadek Wahba and Gautam Bhandari is a member of ISQ Holdings and disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein. Show more
5%+ Holders · 13D/G 2 filers
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