(OKE)

Role: Senior Vice President, Refined Products and Crude Operations
Signature: By: Pat Cipolla, Attorney-in-Fact For: James R. Hoskin
Stock symbol: OKE
Transactions as of: Dec 31, 2024
Transactions value $: -$659,026
Form type: 4
Date filed: 1/3/2025, 04:21 PM
Previous filing: Nov 12, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OKE	Common Stock, par value $0.01	Options Exercise		+3.34K	+72.47%		7.95K	Dec 31, 2024	Direct	F1
transaction	OKE	Common Stock, par value $0.01	Tax liability	-$107K	-1.06K	-13.38%	$100.40	6.89K	Dec 31, 2024	Direct
transaction	OKE	Common Stock, par value $0.01	Options Exercise		+1.67K	+24.25%		8.56K	Dec 31, 2024	Direct	F1
transaction	OKE	Common Stock, par value $0.01	Tax liability	-$48.9K	-487	-5.69%	$100.40	8.07K	Dec 31, 2024	Direct

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	OKE	Restricted Stock Unit	Options Exercise	-$336K	-3.34K	-11.89%	$100.40	24.8K	Dec 31, 2024	Common Stock, par value $0.01	3.34K		Direct	F1, F2
transaction	OKE	Restricted Stock Unit	Options Exercise	-$168K	-1.67K	-6.75%	$100.40	23.1K	Dec 31, 2024	Common Stock, par value $0.01	1.67K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to the Merger Agreement between ONEOK, Inc. and Magellan, the reporting person's award of phantom units of Magellan that was outstanding at 9/25/23 was assumed by ONEOK and converted into a restricted stock unit award. The vest date for this award was 12/31/24 and the phantom units were converted to shares of ONEOK common stock on that date. Shares were withheld to cover taxes due upon the conversion of the award.
F2	5,013 shares vested on December 31, 2024, and 23,096 shares vest on December 31, 2025.

Content

Pursuant to the Merger Agreement between ONEOK, Inc. and Magellan, the reporting person's award of phantom units of Magellan that was outstanding at 9/25/23 was assumed by ONEOK and converted into a restricted stock unit award. The vest date for this award was 12/31/24 and the phantom units were converted to shares of ONEOK common stock on that date. Shares were withheld to cover taxes due upon the conversion of the award.

5,013 shares vested on December 31, 2024, and 23,096 shares vest on December 31, 2025.

Remarks:

Senior Vice President, Refined Products and Crude Operations