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 · 2 exercises

SHULTS KRISTEN S.

Filed: 2/21/2025ACC: 0001423902-25-000017

InsiderSHULTS KRISTEN S.CIK 1925496

→

IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

Officer· SVP & Chief Financial Officer

Since May 2022

+45.69K

Net shares

Net buyer

$597.8K

Total sold

Open market trades

0B · 0S

Total transactions

96.54K acquired · 50.85K disposed

Non-Derivative Transactions4

Common Units representing limited partner interests

Direct

M · Option Exercise

+16.26K

Price / share

—

Trade value

—

% of position

24.6%

2/20/2025

66K→82.25K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−6.40K

Price / share

$41.63

Trade value

$266.35K

% of position

7.8%

2/20/2025

82.25K→75.86K

Common Units representing limited partner interests

Direct

M · Option Exercise

+20.23K

Price / share

—

Trade value

—

% of position

26.7%

2/20/2025

75.86K→96.09K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−7.96K

Price / share

$41.63

Trade value

$331.50K

% of position

8.3%

2/20/2025

96.09K→88.13K

Total

Net shares

+22.13K

Net value

-$597.85K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units representing limited partner interests Direct	2/20/2025	M · Option Exercise	+16.26K	—	—	24.6%	66K	82.25K
Common Units representing limited partner interests Direct	2/20/2025	F · Tax Withholding	−6.40K	$41.63	$266.35K	7.8%	82.25K	75.86K
Common Units representing limited partner interests Direct	2/20/2025	M · Option Exercise	+20.23K	—	—	26.7%	75.86K	96.09K
Common Units representing limited partner interests Direct	2/20/2025	F · Tax Withholding	−7.96K	$41.63	$331.50K	8.3%	96.09K	88.13K
Total			+22.13K		-$597.85K

Derivative Transactions5

2022 Performance Unit - TUR

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

16.26K shares

−16.26K

Strike price

Held after

0.00

Exercisable

—

2/20/2025

2022 Performance Unit - ROA

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

20.23K shares

−20.23K

Strike price

Held after

0.00

Exercisable

—

2/20/2025

2025 Phantom Units

Direct

A · Award

Converts to

Common Units representing limited partner interests

30.03K shares

+30.03K

Strike price

Held after

30.03K

Exercisable

—

2/20/2025

2025 Performance Unit-TUR

Direct

A · Award

Converts to

Common Units representing limited partner interests

15.01K shares

+15.01K

Strike price

Held after

15.01K

Exercisable

—

2/20/2025

2025 Performance Unit-ROA

Direct

A · Award

Converts to

Common Units representing limited partner interests

15.01K shares

+15.01K

Strike price

Held after

15.01K

Exercisable

—

2/20/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
2022 Performance Unit - TUR Direct	Common Units representing limited partner interests16.26K shares	2/20/2025	M · Option Exercise	−16.26K	—	0.00
2022 Performance Unit - ROA Direct	Common Units representing limited partner interests20.23K shares	2/20/2025	M · Option Exercise	−20.23K	—	0.00
2025 Phantom Units Direct	Common Units representing limited partner interests30.03K shares	2/20/2025	A · Award	+30.03K	—	30.03K
2025 Performance Unit-TUR Direct	Common Units representing limited partner interests15.01K shares	2/20/2025	A · Award	+15.01K	—	15.01K
2025 Performance Unit-ROA Direct	Common Units representing limited partner interests15.01K shares	2/20/2025	A · Award	+15.01K	—	15.01K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)6

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

—

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

—

2024 Phantom Units

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

29.88K

Shares owned

29.88K

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

—

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

—

2023 Phantom Units

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

10.82K

Shares owned

10.82K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

117.97K

Owned

117.97K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
2023 Performance Unit - ROA 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
2024 Phantom Units Direct	Common Units representing limited partner interests	—	—	29.88K	29.88K
2024 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	22.41K	22.41K
2023 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	16.23K	16.23K
2023 Phantom Units Direct	Common Units representing limited partner interests	—	—	10.82K	10.82K
Total				117.97K	117.97K