William Ordemann - Dec 31, 2024 Form 5 Insider Report for Kinetik Holdings Inc. (KNTK)

Role: Director
Signature: /s/ Todd Carpenter, Attorney-In-Fact
Stock symbol: KNTK
Transactions as of: Dec 31, 2024
Transactions value $: $0
Form type: 5
Date filed: 1/21/2025, 05:30 PM
Previous filing: May 21, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KNTK	Class A Common Stock						4.05K	Dec 31, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the reporting person's election under the Kinetik Holdings Inc. 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earlier to occur of the following: (a) the termination of the reporting person's service relationship with the Kinetik Holdings Inc. (the "Company"); (b) a Change of Control; or (c) by January 1, 2027.
F2	While the RSUs remain outstanding, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be reinvested into additional RSUs based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"). The additional RSUs will be immediately vested in full and pursuant to the reporting person's election under the Plan, will be settled at the same time as the initial RSUs subject to the award, as described in Note I above. Amount reported includes 137 additional RSUs acquired by Mr. Ordemann since the date of Mr. Ordemann's last Form 4 in connection with the reinvestment of dividends described herein.

Content

Represents a fully vested award of restricted stock units ("RSUs") that may be settled only for shares of common stock on a one-for-one basis. Pursuant to the reporting person's election under the Kinetik Holdings Inc. 2019 Omnibus Compensation Plan, as amended from time to time (the "Plan"), settlement of such vested RSUs has been deferred until the earlier to occur of the following: (a) the termination of the reporting person's service relationship with the Kinetik Holdings Inc. (the "Company"); (b) a Change of Control; or (c) by January 1, 2027.

While the RSUs remain outstanding, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be reinvested into additional RSUs based on the same amount at which dividends are reinvested pursuant to the Company's Dividend Reinvestment Plan, as amended from time to time (the "DRIP"). The additional RSUs will be immediately vested in full and pursuant to the reporting person's election under the Plan, will be settled at the same time as the initial RSUs subject to the award, as described in Note I above. Amount reported includes 137 additional RSUs acquired by Mr. Ordemann since the date of Mr. Ordemann's last Form 4 in connection with the reinvestment of dividends described herein.