Form 4: Kinetik Holdings Inc. Executive Matthew Wall Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Matthew Wall, EVP and COO of Kinetik Holdings Inc., sold 5,750 shares of Class A Common Stock on March 28, 2024, to cover tax obligations.
Summary
- On March 28, 2024, Matthew Wall, EVP and Chief Operating Officer of Kinetik Holdings Inc., sold 5,750 shares of Class A Common Stock.
- The shares were sold at a weighted average price of $39.82.
- The sale was executed to cover tax obligations.
- Following the transaction, Wall still beneficially owns 530,066 shares of Class A Common Stock.
- The sale was permitted under the terms of a Lock-Up Agreement dated March 13, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a sale of shares by an executive to cover tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but the amount is relatively small compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of the Lock-Up Agreement between Matthew Wall and the underwriters. |
| 03/28/2024 | Date of the transaction where Matthew Wall sold 5,750 shares of Class A Common Stock. |
| 03/29/2024 | Date of signature of the SEC Form 4 filing. |
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