Kinetik (NYSE:KNTK) Major Shareholder Sells $3,219,238.62 in Stock - American Market News

Kinetik Holdings Inc. ( NYSE:KNTK – Get Free Report ) major shareholder Isq Global Fund Ii Gp Llc sold 58,383 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $55.14, for a total value of $3,219,238.62. Following the sale, the insider directly owned 738,753 shares of the company’s stock, valued at $40,734,840.42. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link . Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.