[Form 4/A] CrossAmerica Partners LP Common units representing limited partner interests Amended Insider Trading Activity

Rhea-AI Filing Summary

CrossAmerica Partners LP (CAPL) – Form 4/A (amendment)

Director and 10 % owner Joseph V. Topper Jr. reported the automatic conversion of phantom units into 3,419 common units on 23 Jul 2025 (transaction code M). The filing corrects the originally misstated trade date of 21 Jul 2025. Following the vesting, Topper’s direct ownership stands at 93,404 common units; no indirect holdings were disclosed. No new derivative positions were opened, and no sale occurred.

The transaction value is modest relative to CAPL’s market capitalization, but insider acquisitions—especially by a long-tenured director and large unitholder—can signal confidence and improve alignment with public investors. Because this is purely a date-correction amendment, the economic substance is unchanged from the initial Form 4.

Insights

Securities Analyst

TL;DR: Minor insider buy of 3,419 units; alignment positive, impact immaterial to valuation.

The filing shows Topper exercising phantom units, converting them 1-for-1 into common units. At roughly US$20 per unit, the acquisition is ~US$70 k—negligible versus CAPL’s >US$800 m market cap and Topper’s existing stake. Insider purchases tend to be viewed favorably, but the size and non-open-market nature limit signaling power. The amendment merely fixes the date, so no incremental economic change occurs. Overall impact on share price or fundamentals is neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Topper Joseph V. Jr.

(Last) (First) (Middle)

645 HAMILTON ST., SUITE 400

(Street)

ALLENTOWN PA 18101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CrossAmerica Partners LP [ CAPL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
07/23/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Common Units	07/23/2025		M		3,419	A	(1)	93,404	D

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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. Each phantom unit was the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP (the "Issuer"). The reporting person acquired Common Units upon vesting of the phantom units.

Remarks:

This amendment is being filed to correct the transaction date, which was inadvertently reported on July 21, 2025. The reported transaction occurred on July 23, 2025.

	/s/ Christina Casey-Best, Attorney in Fact for Joseph V. Topper, Jr.	07/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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