BlackRock Portfolio Management LLC - Jan 28, 2025 Form 3 Insider Report for Hess Midstream LP (HESM)

Role
10%+ Owner
Signature
BlackRock Portfolio Management LLC By: /s/ Julie Ashworth, Authorized Signatory
Stock symbol
HESM
Transactions as of
Jan 28, 2025
Transactions value $
$0
Form type
3
Date filed
1/30/2025, 07:17 PM
Next filing
Feb 13, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HESM Class A Shares 449K Jan 28, 2025 See footnote F1
holding HESM Class B Shares 30.3M Jan 28, 2025 See footnote F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HESM Opco Class B Units Jan 28, 2025 Class A Shares 30.3M See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the sole member of Hess Midstream GP LLC, which is the general partner of Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is a 50/50 joint venture between Hess Investments North Dakota LLC and GIP II Blue Holding, L.P. ("Blue Holding"). As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Hess Midstream GP LP. Each of such entities and BlackRock Portfolio Management LLC disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
F2 The Opco Class B Units may be converted at any time into Class A Shares on a one-to-one basis and have no expiration date.
F3 Represents securities held by Blue Holding. Global Infrastructure Investors II, LLC is the sole general partner of Global Infrastructure GP II, L.P., which is the sole member of GIP Blue Holding GP, LLC, which is the general partner of Blue Holding. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Blue Holding. Each of such entities and BlackRock Portfolio Management LLC disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

Remarks:

In accordance with SEC Release No. 34-39538 (January 12, 1998), BlackRock Portfolio Management LLC is reporting Issuer securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. This filing does not include Issuer securities, if any, beneficially owned by other business units whose beneficial ownership of securities is disaggregated from that of the Reporting Business Units in accordance with such release.