Chevron Corp - Aug 8, 2025 Form 4 Insider Report for Hess Midstream LP (HESM)

Role
Director, 10%+ Owner
Signature
Chevron Corporation By: /s/ Christine L. Cavallo, Assistant Secretary
Stock symbol
HESM
Transactions as of
Aug 8, 2025
Transactions value $
-$29,999,990
Form type
4
Date filed
8/8/2025, 04:27 PM
Previous filing
Jul 18, 2025
SEC
View on sec.gov

Reporting Owners (3)

Name Relationship Address Signature Signature date CIK
CHEVRON CORP Director, 10%+ Owner 1400 SMITH STREET, HOUSTON Chevron Corporation By: /s/ Christine L. Cavallo, Assistant Secretary 2025-08-08 0000093410
HESS CORP Director, 10%+ Owner 1185 AVENUE OF THE AMERICAS, NEW YORK Hess Corporation By: /s/ Kari H. Endries, Assistant Secretary 2025-08-08 0000004447
Hess Investments North Dakota LLC Director, 10%+ Owner 1185 AVENUE OF THE AMERICAS, NEW YORK Hess Investments North Dakota LLC By: /s/ Kari H. Endries, Assistant Secretary 2025-08-08 0001702361

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class B Shares Other $0 -696K -0.88% $0.00 78.3M Aug 8, 2025 See footnote F1, F2, F3
holding HESM Class A Shares 449K Aug 8, 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 -$30M -696K -0.88% $43.11 78.3M Aug 8, 2025 Class A Shares 696K See footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the cancellation for no consideration of 695,894 Class B Shares in connection with Hess Midstream Operations LP's repurchase of 695,894 Opco Class B Units from Hess Investments North Dakota LLC ("HINDL") and the subsequent cancellation of such Opco Class B Units.
F2 Reflects holdings following a transaction exempt from reporting pursuant to Rule 16a-13.
F3 Represents securities held by HINDL. HINDL is an indirect, wholly owned subsidiary of Hess Corporation ("Hess"), which is a direct, wholly owned subsidiary of Chevron Corporation ("Chevron"). As a result, Chevron and Hess may be deemed to beneficially own the securities held of record by HINDL. Chevron and Hess disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F4 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.