ISQ Global Fund II GP LLC, a 10% owner and director of Kinetik Holdings Inc., sold 38,887 shares of the company’s Class A common stock for a total of $2,175,308. The transactions took place from October 30 through November 3, 2026, at prices ranging from $55 to $57.22 per share.
The sales comprised 20,731 shares on October 30 at a weighted average price of $56.6935, 3,267 shares on November 2 at an average of $55.1333, and 14,889 shares on November 3 at an average of $55.0658.
On October 30, the entity also acquired 1 million Class A shares through the conversion of Kinetik Holdings units. The units represent common units in Kinetik Holdings LP and paired Class C shares in Kinetik Holdings Inc.; holders generally may redeem them for Class A shares or an equivalent cash amount.
The securities are indirectly held by Buzzard Midstream LLC. ISQ Global Fund II GP LLC is the general partner for members of the indirect owners of Buzzard Midstream and has voting and investment power over the securities. The filing also identifies I Squared Capital LLC as the sole member of ISQ Global Fund II GP LLC and ISQ Holdings LLC as I Squared Capital’s managing member. Sadek Wahba and Gautam Bhandari disclaim beneficial ownership except to the extent of their pecuniary interests.
Sources: Investing.com News.