ISQ Global Fund II GP LLC and affiliated reporting persons filed a Form 4 with the SEC on September 10, 2026, disclosing the sale of Class A Common Stock of Kinetik Holdings Inc. (NYSE:KNTK) across three trading days beginning September 8, 2026.

Key Highlights

  • Total shares disposed: 68,808 shares of Class A Common Stock were sold across four transactions between September 8 and September 10, 2026.
  • Remaining beneficial ownership: Following all reported transactions, the reporting persons beneficially own 728,328 shares indirectly.
  • Weighted average prices: Sales were executed at weighted average prices of $55.1434, $55.1939, $55.209, and $56.2952 per share.
  • Indirect ownership structure: The securities are directly held by Buzzard Midstream LLC, with ISQ Global Fund II GP LLC exercising voting and investment power over those shares.
  • Multiple reporting persons: The filing was made jointly by ISQ Global Fund II GP LLC, I Squared Capital LLC, ISQ Holdings LLC, Sadek Wahba, and Gautam Bhandari, each identified as a 10% owner.

ISQ-Affiliated Entities Reduce Kinetik Holdings Position Over Three Days

According to the filing, four separate sale transactions in Kinetik Holdings Inc. Class A Common Stock were reported, all coded "S" for open-market sales. On September 8, 2026, 58,383 shares were disposed of at a weighted average price of $55.1434, with individual transaction prices ranging from $55.00 to $55.49, inclusive. The following day, September 9, 2026, an additional 4,585 shares were sold at a weighted average of $55.1939, with prices ranging from $55.00 to $55.745, inclusive.

On September 10, 2026, two additional transactions were reported. The first involved 4,886 shares sold at a weighted average of $55.209, with prices ranging from $55.00 to $55.7144, inclusive. The second involved 954 shares sold at a weighted average of $56.2952, with prices ranging from $56.15 to $56.45, inclusive. The filing notes that the reporting persons will provide full information on the number of shares sold at each separate price within the stated ranges upon request to the issuer, any security holder, or SEC staff.

The filing identifies the securities as indirectly held. According to the explanation of responses, the shares are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP LLC serves as the general partner of the indirect owners of Buzzard Midstream LLC and, in that capacity, exercises voting and investment power over those securities. I Squared Capital LLC is the sole member of ISQ Global Fund II GP LLC, and ISQ Holdings LLC is the managing member of I Squared Capital LLC. The filing further states that each of Sadek Wahba and Gautam Bhandari "disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein."

What Was Disclosed

The Form 4 reported four open-market sales of Kinetik Holdings Class A Common Stock totaling 68,808 shares between September 8 and September 10, 2026, leaving the reporting group with indirect beneficial ownership of 728,328 shares through Buzzard Midstream LLC.