HESS CORP - 09 May 2025 Form 4 Insider Report for Hess Midstream LP (HESM)

Role: Director, 10%+ Owner
Signature: Hess Corporation By: /s/ John P. Rielly, Executive Vice President and Chief Financial Officer
Issuer symbol: HESM
Transactions as of: 09 May 2025
Net transactions value: -$75,196,697
Form type: 4
Filing time: 12 May 2025, 17:21:55 UTC
Previous filing: 15 Jan 2025
SEC: View on sec.gov

Reporting Owners (2)

Name	Relationship	Address	Signature	Signature date	CIK
HESS CORP	Director, 10%+ Owner	1185 AVENUE OF THE AMERICAS, NEW YORK	Hess Corporation By: /s/ John P. Rielly, Executive Vice President and Chief Financial Officer	12 May 2025	0000004447
Hess Investments North Dakota LLC	Director, 10%+ Owner	1185 AVENUE OF THE AMERICAS, NEW YORK	Hess Investments North Dakota LLC By: /s/ Jonathan C. Stein, Vice President	12 May 2025	0001702361

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HESM	Class B Shares	Other	$0	-3,112,886	-18%	$0.000000	14,573,517	09 May 2025	See footnote	F1, F2, F3
holding	HESM	Class B Shares						64,405,673	09 May 2025	See footnote	F2, F4
holding	HESM	Class A Shares						449,000	09 May 2025	See footnote	F3

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
transaction	HESM	Opco Class B Units	Disposed to Issuer	$75,196,697	-2,038,956	-2.5%	$36.88	78,979,190	09 May 2025	Class A Shares	2,038,956		See footnote	F4, F5

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

Explanation of Responses:

Id	Content
F1	Reflects (i) the cancellation for no consideration of 2,038,956 Class B Shares in connection with Hess Midstream Operations LP's repurchase of 2,038,956 Opco Class B Units from Hess Investments North Dakota LLC ("HINDL") and the subsequent cancellation of such Opco Class B Units, and (ii) the transfer of 1,073,930 Class B Shares from Hess Midstream GP LP to HINDL for no consideration.
F2	Reflects holdings following a transaction exempt from reporting purusuant to Rule 16a-13.
F3	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 HINDL and 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 such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F4	Represents securities held by HINDL. HINDL is an indirect, wholly owned subsidiary of Hess Corporation, a publicly traded company listed on the New York Stock Exchange. As a result, Hess Corporation may be deemed to beneficially own the securities held of record by HINDL and Hess Midstream GP LP. Hess Corporation disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
F5	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.