Form 4: Kinetik Holdings Inc. Officer Anne Psencik Sells 12,000 Shares to Cover Tax Obligations

Anne Psencik, Chief Strategy Officer of Kinetik Holdings Inc., sold 12,000 shares of Class A Common Stock on March 18, 2024, to cover tax obligations.

Summary

• On March 18, 2024, Anne Psencik, Chief Strategy Officer of Kinetik Holdings Inc. (KNTK), sold 12,000 shares of Class A Common Stock.
• The sale was executed at a price of $37 per share.
• The transaction was conducted to cover tax obligations.
• Following the transaction, Psencik directly owns 254,447 shares of Kinetik Holdings Inc.
• 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 regulatory filing related to an insider stock sale for tax purposes, which is neither particularly positive nor negative.

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 officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the relatively small number of shares involved.

Key Dates