Form 4: Kinetik Holdings Director Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director William Ordemann reports acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) in Kinetik Holdings Inc.
Summary
- On May 19, 2025, William Ordemann, a director of Kinetik Holdings Inc., reported changes in beneficial ownership.
- He acquired 3,388 Class A Common Stock units at $0, and disposed of 2,090 Class A Common Stock units at $0.
- Following these transactions, Ordemann directly owns 7,434 Class A Common Stock units and 9,653 RSUs.
- The RSUs are subject to deferred settlement until the earlier of termination of service, change-in-control, or January 1, 2027.
- Dividends on the RSUs are reinvested into additional RSUs, which are immediately vested and settled at the same time as the initial RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment about the company's performance.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's financial performance or future prospects.
Industry Context
This filing is a routine disclosure related to insider trading and is a standard practice for publicly traded companies. It provides transparency into the transactions of company insiders, allowing investors to monitor their activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
- It helps stakeholders monitor insider activity and assess alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of transaction for Class A Common Stock and RSUs |
| 05/20/2025 | Date of signature for the Form 4 filing |
| 01/01/2026 | General vesting date for some RSUs, subject to continued service |
| 01/01/2027 | Latest date for settlement of vested RSUs |
Keywords
Kinetik Holdings, Form 4, Beneficial Ownership, Director, William Ordemann, Class A Common Stock, Restricted Stock Units, RSUs, Dividend Reinvestment
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