Form 4: KMI EVP Sanders Gifts Shares to Charity

Kinder Morgan Executive Vice President Dax Sanders reported gifting 1,500 shares of Class P Common Stock to a donor-advised charitable fund.

Summary

• Dax Sanders, Executive Vice President of Kinder Morgan, Inc. (KMI), reported a transaction involving company stock.
• On November 17, 2025, Sanders gifted 1,500 shares of Class P Common Stock.
• The shares were gifted to a donor-advised charitable fund at a price of $0 per share.
• Following this transaction, Sanders beneficially owns 290,500 shares of Class P Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider gift transaction, which is neutral in terms of company performance or strategic direction. It reflects a personal decision by an executive.

Positives

• The transaction represents a charitable contribution by a company executive.

Negatives

• The executive's direct beneficial ownership of Class P Common Stock decreased by 1,500 shares.

Future Outlook

N/A. This filing reports a past insider transaction and does not contain forward-looking statements or guidance.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Dax Sanders, an Executive Vice President, gifted 1,500 shares of Class P Common Stock to a donor-advised charitable fund.

Stakeholder Impact

• Shareholders: Minimal impact on overall share structure or value due to the small number of shares involved relative to total outstanding shares.
• Reporting Person: Reduced direct beneficial ownership by 1,500 shares.

Key Dates

Keywords

Kinder Morgan, KMI, Dax Sanders, Insider Transaction, Form 4, Stock Gift, Executive Ownership, Charitable Giving