Form 4 for KNTK Kinetik Holdings Inc.

Accepted 2022-02-24 00:00:00 ET · period of report 2022-02-22 · accession 0000899243-22-007722 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-02-24	2022-02-22	KNTK	Welch Jamie	See Remarks, Dir	A - Grant	$0.00	+1.36M	1.36M	New	$0
D	2022-02-24	2022-02-22	KNTK	Welch Jamie	See Remarks, Dir	A - Grant	$0.00	+370.7K	370.7K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2022-02-22	A	A	1,357,531	$0.00	1,357,531	D	—	—
2	Derivative	Kinetik Holdings Units	2022-02-22	A	A	370,692	$0.00	370,692	D	— · — to —	370,692 Class A Common Stock	(F1) The term "Kinetik Holdings Units" is used herein to represent common units representing limited partnership interests in Kinetik Holdings LP (the "Partnership" and such common units "Partnership Common Units") and an equal number of paired shares of Class C Common Stock of the Issuer. The terms of the Third Amended and Restated Agreement of Limited Partnership of the Partnership provide that each holder of Partnership Common Units (other than the Issuer) generally has the right to cause the Partnership to redeem all or a portion of its Partnership Common Units (the "Redemption Right") in exchange for shares of Class A Common Stock of the Issuer or, at the Partnership's election, an equivalent amount of cash. In connection with any redemption of Partnership Common Units pursuant to the Redemption Right, the corresponding number of shares of the Class C Common Stock will be cancelled. The Partnership Common Units and the right to exercise the Redemption Right have no expiration date.