I Squared Capital, LLC and 4 Others Sells $89.6M of Kinetik Holdings Inc (KNTK) — SEC Form 4, Mar 19, 2025
Open-Market Net Sale · SEC Form 4
−$89,632,638
Equity position changed by -100.0%
Reporting Owners
10%+
+ 2 more
TXN 2025-03-18
·
FILED 2025-03-19
Equity Position
1 sh
1,044,520 → 1
Equity Change
-100.0%
shares held after vs before
Filing Lag
1 business day
within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Reporting Owners
| Name | Relationship |
|---|---|
| I Squared Capital, LLC CIK 0001904404 |
10% Owner
|
| Sadek Wahba CIK 0002020905 |
10% Owner
|
| Isq Global Fund II Gp LLC CIK 0001904934 |
10% Owner
|
| Gautam Bhandari CIK 0002020876 |
10% Owner
|
| Isq Holdings, LLC CIK 0001904413 |
10% Owner
|
I Squared Capital, LLC at Kinetik Holdings Inc
Full insider history
Bought (12 mo)
—
Sold (12 mo)
$446,572,091
More from this insider at Kinetik Holdings Inc
| 2026-11-03 | Sell | -$2,175,308 | View |
| 2026-10-15 | Sell | -$109,540,000 | View |
| 2026-10-13 | Sell | -$11,719,523 | View |
| 2026-10-07 | Sell | -$9,059,535 | View |
| 2026-09-24 | Sell | -$3,441,083 | View |
Non-Derivative Securities Transactions
| Title | Date | Type | Shares | Price | Net Total | Post-Txn | Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common StockF1F2F3 | 2025-03-17 | C - Conversion | 657,582 A | — | 1,702,102 | Indirect See Explanation of Responses | |
| Class A Common StockF3 | 2025-03-17 | S - Sale | 1,044,519 D | $52.66 | -$55,004,371 | 657,583 | Indirect See Explanation of Responses |
| Class A Common StockF3 | 2025-03-18 | S - Sale | 657,582 D | $52.66 | -$34,628,268 | 1 | Indirect See Explanation of Responses |
Derivative Securities Transactions
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 "Kinetik Holdings Units" is used herein to represent common units representing limited partnership interests in the Partnership ("Partnership Common Units") and an equal number of paired shares of Class C Common Stock of the Issuer. The terms of the Third Amended and Restated Agreement of Limited Partnership of the Partnership provide that each holder of Partnership Common Units (other than the Issuer) generally has the right to cause the Partnership to redeem all or a portion of its Partnership Common Units (the "Redemption Right") in exchange for shares of Class A Common Stock of the Issuer or, at the Partnership's election, an equivalent amount of cash. In connection with any redemption of Partnership Common Units pursuant to the Redemption Right, the corresponding number of shares of the Class C Common Stock will be cancelled. The Partnership Common Units and the right to exercise the Redemption Right have no expiration date. Show more
- F3
- 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
- F4
- This amount has been adjusted to reflect the two-for-one stock split effected by the Issuer on June 8, 2022. Show more
Related filings at Kinetik Holdings Inc
Institutional Holders
13F holders · Jun 30, 2026
326
institutional managers reporting a position
Largest by reported value
- Blackstone Inc $576M
- Black Rock, Inc. $416M
- The Goldman Sachs Group, Inc. $206M
5%+ Holders · 13D/G
2 filers
-
Black Rock, Inc. 10.4%
Other insiders at Kinetik Holdings Inc
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