KNTK: ISQ Global Fund II GP LLC sold $109.5M of stock

By AlphaYouPublished Oct 15, 2026Form 4

Stocks in this disclosure

Reported activity

ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam

Reporting filer

ISQ Global Fund II GP LLC reported selling 2,000,000 shares of Kinetik Holdings Inc. for about $109.5M ($54.77 a share on average). Form 4 filed Oct 15, 2026 lists 3 entries.

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Disclosed: Oct 15, 2026

Reported details

3 entries

All validated entries in this disclosure
Security	Owner	Date	Code	Action	Quantity	Price	Following holdings	Reporting delay	Filed terms and references
Class A Common Stock	ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam	2026-10-13	C	Conversion	2000000	Not stated (see footnotes)	2,000,001	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-10-13 transaction Form Type: 4 transaction Code: C equity Swap Involved: false transaction Shares: 2000000 id: F1 id: F2 transaction Acquired Disposed Code: A shares Owned Following Transaction: 2000001 direct Or Indirect Ownership: I nature Of Ownership: See Explanation of Responses id: F3
Class A Common Stock	ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam	2026-10-13	S	Sale	2000000	54.77	1	2 days	Filed terms security Title: Class A Common Stock transaction Date: 2026-10-13 transaction Form Type: 4 transaction Code: S equity Swap Involved: false transaction Shares: 2000000 transaction Price Per Share: 54.77 transaction Acquired Disposed Code: D shares Owned Following Transaction: 1 direct Or Indirect Ownership: I nature Of Ownership: See Explanation of Responses id: F3
Kinetik Holdings Units (derivative)	ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam	2026-10-13	C	Conversion	2000000	0	13,569,492	2 days	Filed terms security Title: Kinetik Holdings Units id: F1 id: F2 transaction Date: 2026-10-13 transaction Form Type: 4 transaction Code: C equity Swap Involved: false transaction Shares: 2000000 transaction Price Per Share: 0 transaction Acquired Disposed Code: D id: F1 id: F2 id: F1 id: F2 underlying Security Title: Class A Common Stock underlying Security Shares: 2000000 shares Owned Following Transaction: 13569492 direct Or Indirect Ownership: I nature Of Ownership: See Explanation of Responses id: F3

Class A Common Stock

Owner: ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam
Date: 2026-10-13
Code: C
Action: Conversion
Quantity: 2000000
Price: Not stated (see footnotes)
Following holdings: 2,000,001
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-10-13
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 2000000
id: F1
id: F2
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 2000001
direct Or Indirect Ownership: I
nature Of Ownership: See Explanation of Responses
id: F3

Class A Common Stock

Owner: ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam
Date: 2026-10-13
Code: S
Action: Sale
Quantity: 2000000
Price: 54.77
Following holdings: 1
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Class A Common Stock
transaction Date: 2026-10-13
transaction Form Type: 4
transaction Code: S
equity Swap Involved: false
transaction Shares: 2000000
transaction Price Per Share: 54.77
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 1
direct Or Indirect Ownership: I
nature Of Ownership: See Explanation of Responses
id: F3

Kinetik Holdings Units (derivative)

Owner: ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam
Date: 2026-10-13
Code: C
Action: Conversion
Quantity: 2000000
Price: 0
Following holdings: 13,569,492
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Kinetik Holdings Units
id: F1
id: F2
transaction Date: 2026-10-13
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 2000000
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F1
id: F2
id: F1
id: F2
underlying Security Title: Class A Common Stock
underlying Security Shares: 2000000
shares Owned Following Transaction: 13569492
direct Or Indirect Ownership: I
nature Of Ownership: See Explanation of Responses
id: F3

Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.
ISQ Global Fund II GP LLC: 10% owner.
I Squared Capital, LLC: 10% owner.
ISQ Holdings, LLC: 10% owner.
Wahba Sadek: 10% owner.
Bhandari Gautam: 10% owner.
F1: Securities issued pursuant to and in connection with a contribution agreement (the "Contribution Agreement"), dated October 21, 2021, by and among Kinetik Holdings Inc., a Delaware corporation (f/k/a Altus Midstream Company, the "Issuer"), Kinetik Holdings LP, a Delaware limited partnership (f/k/a Altus Midstream LP, the "Partnership"), BCP Raptor Holdco, LP, a Delaware limited partnership, and New BCP Raptor Holdco, LLC, a Delaware limited liability company.
F2: The term "Kinetik Holdings Units" is used herein to represent common units representing limited partnership interests in the Partnership ("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.
F3: The securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP, LLC ("Fund II GP") is the general partner of the members of the indirect owners of Buzzard Midstream LLC and, in such capacity, exercises voting and investment power over the securities directly held by Buzzard Midstream LLC. I Squared Capital, LLC ("I Squared Capital") is the sole member of Fund II GP. ISQ Holdings, LLC ("ISQ Holdings") is the managing member of I Squared Capital. Each of Sadek Wahba and Gautam Bhandari is a member of ISQ Holdings and disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein.

Original sources

SEC ownership filing

Prepared automatically from public filing data. Report a correction.

Security

Owner

Date

Code

Action

Quantity

Price

Following holdings

Reporting delay

Filed terms and references

Class A Common Stock

ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam

2026-10-13

Conversion

2000000

Not stated (see footnotes)

2,000,001

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-10-13
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 2000000
id: F1
id: F2
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 2000001
direct Or Indirect Ownership: I
nature Of Ownership: See Explanation of Responses
id: F3

Class A Common Stock

ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam

2026-10-13

Sale

2000000

54.77

2 days

Filed terms

security Title: Class A Common Stock
transaction Date: 2026-10-13
transaction Form Type: 4
transaction Code: S
equity Swap Involved: false
transaction Shares: 2000000
transaction Price Per Share: 54.77
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 1
direct Or Indirect Ownership: I
nature Of Ownership: See Explanation of Responses
id: F3

Kinetik Holdings Units (derivative)

ISQ Global Fund II GP LLC; I Squared Capital, LLC; ISQ Holdings, LLC; Wahba Sadek; Bhandari Gautam

2026-10-13

Conversion

2000000

13,569,492

2 days

Filed terms

security Title: Kinetik Holdings Units
id: F1
id: F2
transaction Date: 2026-10-13
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 2000000
transaction Price Per Share: 0
transaction Acquired Disposed Code: D
id: F1
id: F2
id: F1
id: F2
underlying Security Title: Class A Common Stock
underlying Security Shares: 2000000
shares Owned Following Transaction: 13569492
direct Or Indirect Ownership: I
nature Of Ownership: See Explanation of Responses
id: F3

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.

ISQ Global Fund II GP LLC: 10% owner.

I Squared Capital, LLC: 10% owner.

ISQ Holdings, LLC: 10% owner.

Wahba Sadek: 10% owner.

Bhandari Gautam: 10% owner.

F1: Securities issued pursuant to and in connection with a contribution agreement (the "Contribution Agreement"), dated October 21, 2021, by and among Kinetik Holdings Inc., a Delaware corporation (f/k/a Altus Midstream Company, the "Issuer"), Kinetik Holdings LP, a Delaware limited partnership (f/k/a Altus Midstream LP, the "Partnership"), BCP Raptor Holdco, LP, a Delaware limited partnership, and New BCP Raptor Holdco, LLC, a Delaware limited liability company.

F2: The term "Kinetik Holdings Units" is used herein to represent common units representing limited partnership interests in the Partnership ("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.

F3: The securities are directly held by Buzzard Midstream LLC. ISQ Global Fund II GP, LLC ("Fund II GP") is the general partner of the members of the indirect owners of Buzzard Midstream LLC and, in such capacity, exercises voting and investment power over the securities directly held by Buzzard Midstream LLC. I Squared Capital, LLC ("I Squared Capital") is the sole member of Fund II GP. ISQ Holdings, LLC ("ISQ Holdings") is the managing member of I Squared Capital. Each of Sadek Wahba and Gautam Bhandari is a member of ISQ Holdings and disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein.