Form 4: ISQ Global Fund II GP LLC Sells 3,952,431 Shares of Kinetik Holdings Inc.

ISQ Global Fund II GP LLC, along with related entities and individuals, reported the sale of 3,952,431 shares of Kinetik Holdings Inc. at a price of $55.63 per share.

Summary

• On March 4, 2025, ISQ Global Fund II GP LLC sold 3,952,431 shares of Kinetik Holdings Inc.'s Class A Common Stock.
• The sale price was $55.63 per share.
• Following the transaction, ISQ Global Fund II GP LLC indirectly owns 1,044,520 shares through Buzzard Midstream LLC.
• I Squared Capital, LLC is the sole member of Fund II GP.
• ISQ Holdings, LLC is the managing member of I Squared Capital.
• Sadek Wahba and Gautam Bhandari, members of ISQ Holdings, disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing any positive or negative views about the company's future.

Industry Context

This transaction reflects a significant sale of shares by a major shareholder, which could be related to portfolio adjustments or strategic decisions within ISQ Global Fund II GP LLC and its related entities. It's important to monitor further transactions and disclosures to understand the long-term implications for Kinetik Holdings Inc.

Stakeholder Impact

• The sale of a significant number of shares may impact the stock price of Kinetik Holdings Inc.
• Shareholders may react to the news of this sale, potentially leading to increased trading volume.

Key Dates