Hess Midstream LP

03/10/2026 | Press release | Distributed by Public on 03/10/2026 16:01

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Bast Michael Scott
2. Issuer Name and Ticker or Trading Symbol
Hess Midstream LP [HESM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and COO
(Last) (First) (Middle)
1400 SMITH STREET
3. Date of Earliest Transaction (Month/Day/Year)
03/08/2026
(Street)
HOUSTON, TX 77002
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Shares 03/08/2026 M(1) 1,327 A $ 0 2,127 D
Class A Shares 03/08/2026 F(2) 344 D $38.92 1,783 D
Class A Shares 03/08/2026 M(1) 1,189 A $ 0 2,972 D
Class A Shares 03/08/2026 F(2) 308 D $38.92 2,664 D
Class A Shares 03/08/2026 M(1) 929 A $ 0 3,593 D
Class A Shares 03/08/2026 F(2) 241 D $38.92 3,352 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2023 Phantom Shares $ 0 03/08/2026 M 1,327 (3) (3) Class A Shares 1,327 $ 0 0 D
2024 Phantom Shares $ 0 03/08/2026 M 1,189 (4) (4) Class A Shares 1,189 $ 0 1,189 D
2025 Phantom Shares $ 0 03/08/2026 M 929 (5) (5) Class A Shares 929 $ 0 1,860 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bast Michael Scott
1400 SMITH STREET
HOUSTON, TX 77002
President and COO

Signatures

/s/ Jessica Cauley, Attorney-in-Fact for Michael Scott Bast 03/10/2026
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Class A shares acquired upon settlement of phantom shares granted under Hess Midstream's 2017 Long Term Incentive Plan.
(2) Shares withheld to cover required tax obligations upon settlement of phantom shares.
(3) The 2023 phantom shares vested on March 8, 2026.
(4) The remaining 2024 phantom shares will vest on March 8, 2027 and have no expiration date.
(5) The remaining 2025 phantom shares vest ratably on March 8, 2027 and March 8, 2028 and have no expiration date.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Hess Midstream LP published this content on March 10, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 10, 2026 at 22:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]