SHULTS KRISTEN S. (SVP & Chief Financial Officer) exercised options at WESTERN MIDSTREAM PARTNERS, LP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

SHULTS KRISTEN S.

Filed: 2/14/2025ACC: 0001423902-25-000007

InsiderSHULTS KRISTEN S.CIK 1925496

→

IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

Officer· SVP & Chief Financial Officer

Since May 2022

-16.27K

Net shares

Net seller

$648.6K

Total sold

Open market trades

0B · 0S

Total transactions

41.27K acquired · 57.54K disposed

Non-Derivative Transactions6

Common Units representing limited partner interests

Direct

M · Option Exercise

+15.51K

Price / share

—

Trade value

—

% of position

37.8%

2/12/2025

41K→56.51K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−6.13K

Price / share

$39.87

Trade value

$244.48K

% of position

10.9%

2/12/2025

56.51K→50.38K

Common Units representing limited partner interests

Direct

M · Option Exercise

+10.82K

Price / share

—

Trade value

—

% of position

21.5%

2/12/2025

50.38K→61.20K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−4.26K

Price / share

$39.87

Trade value

$169.77K

% of position

7.0%

2/12/2025

61.20K→56.94K

Common Units representing limited partner interests

Direct

M · Option Exercise

+14.94K

Price / share

—

Trade value

—

% of position

26.2%

2/12/2025

56.94K→71.88K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−5.88K

Price / share

$39.87

Trade value

$234.40K

% of position

8.2%

2/12/2025

71.88K→66K

Total

Net shares

+25K

Net value

-$648.65K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units representing limited partner interests Direct	2/12/2025	M · Option Exercise	+15.51K	—	—	37.8%	41K	56.51K
Common Units representing limited partner interests Direct	2/12/2025	F · Tax Withholding	−6.13K	$39.87	$244.48K	10.9%	56.51K	50.38K
Common Units representing limited partner interests Direct	2/12/2025	M · Option Exercise	+10.82K	—	—	21.5%	50.38K	61.20K
Common Units representing limited partner interests Direct	2/12/2025	F · Tax Withholding	−4.26K	$39.87	$169.77K	7.0%	61.20K	56.94K
Common Units representing limited partner interests Direct	2/12/2025	M · Option Exercise	+14.94K	—	—	26.2%	56.94K	71.88K
Common Units representing limited partner interests Direct	2/12/2025	F · Tax Withholding	−5.88K	$39.87	$234.40K	8.2%	71.88K	66K
Total			+25K		-$648.65K

Derivative Transactions3

2022 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

15.51K shares

−15.51K

Strike price

Held after

0.00

Exercisable

—

2/12/2025

2023 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

10.82K shares

−10.82K

Strike price

Held after

10.82K

Exercisable

—

2/12/2025

2024 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

14.94K shares

−14.94K

Strike price

Held after

29.88K

Exercisable

—

2/12/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
2022 Phantom Units Direct	Common Units representing limited partner interests15.51K shares	2/12/2025	M · Option Exercise	−15.51K	—	0.00
2023 Phantom Units Direct	Common Units representing limited partner interests10.82K shares	2/12/2025	M · Option Exercise	−10.82K	—	10.82K
2024 Phantom Units Direct	Common Units representing limited partner interests14.94K shares	2/12/2025	M · Option Exercise	−14.94K	—	29.88K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)6

2023 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

16.23K

Shares owned

16.23K

Exercise price

Expiration

—

Exercise window

—

2024 Performance Unit - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

22.41K

Shares owned

22.41K

Exercise price

Expiration

—

Exercise window

—

2022 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

10.84K

Shares owned

10.84K

Exercise price

Expiration

—

Exercise window

—

2023 Performance Unit - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

16.23K

Shares owned

16.23K

Exercise price

Expiration

—

Exercise window

—

2022 Performance Unit - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

10.84K

Shares owned

10.84K

Exercise price

Expiration

—

Exercise window

—

2024 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

22.41K

Shares owned

22.41K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

98.95K

Owned

98.95K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
2023 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	16.23K	16.23K
2024 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	22.41K	22.41K
2022 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	10.84K	10.84K
2023 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	16.23K	16.23K
2022 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	10.84K	10.84K
2024 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	22.41K	22.41K
Total				98.95K	98.95K