filecrux
$KNTK (Kinetik, Permian-to-Gulf Coast gas midstream) 10% holder I Squared sold 2,000,000 Class A shares in a broker block trade on Oct 13 at $54.77, about $109.5M, after converting the same number of units. That is about 2.7% of Kinetik's market value of about $4.02 billion at $53.48 a share at 16:00 ET on October 15, 2026. Kinetik raises nothing: the units were swapped one-for-one and the paired Class C shares cancelled. ISQ now holds 1 Class A share and 13,569,492 units it can redeem, and has sold since Sept 22. Next: Q3 results Nov 4 after close.
