CrossAmerica director converts 3,154 phantom units

CrossAmerica Partners LP director Kenneth G. Valosky exercised vested phantom units on July 23, 2026, converting 3,154 phantom units, each economically equivalent to one common unit, into 3,154 common units.

Rhea-AI Filing Summary

CrossAmerica Partners LP director Kenneth G. Valosky exercised vested phantom units on July 23, 2026, converting 3,154 phantom units, each economically equivalent to one common unit, into 3,154 common units. Following this conversion, he directly holds 26,958 common units representing limited partner interests.

Insider Trade Summary

0 shares exercised/converted

Exercise 2 txns

Insider Valosky Kenneth G

Role Director

Type	Security	Shares	Price	Value
Exercise	Phantom Units F2, F1	0	--	--
Exercise	Common Units F1	3,154	--	--

Holdings After Transaction: Phantom Units — 0 contracts (Direct); Common Units — 26,958 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. Phantom units vested on July 23, 2026 and were converted into Common Units at the discretion of the Issuer.

Key Figures

Common units acquired via conversion: 3,154 units Total common units held after transaction: 26,958 units Phantom units converted: 3,154 units

3 metrics

Common units acquired via conversion 3,154 units Vesting and conversion of phantom units on July 23, 2026

Total common units held after transaction 26,958 units Direct holdings for Kenneth G. Valosky after July 23, 2026 conversion

Phantom units converted 3,154 units Phantom units economically equivalent to common units converted into common units

Key Terms

Phantom Units, Common Units, limited partner interest

3 terms

Phantom Units financial

"Each phantom unit was the economic equivalent of one common unit"

Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.

Common Units financial

"economic equivalent of one common unit ("Common Unit") representing a limited partner interest"

Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.

limited partner interest financial

"one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CrossAmerica Partners LP (CAPL) disclose for Kenneth G. Valosky?

Kenneth G. Valosky exercised vested phantom units on July 23, 2026, converting 3,154 phantom units into 3,154 common units. The phantom units were compensation instruments economically equivalent to common units.

How many CrossAmerica Partners LP (CAPL) common units does Kenneth G. Valosky own after this Form 4 transaction?

After the reported transaction, Kenneth G. Valosky directly owns 26,958 common units of CrossAmerica Partners LP. These units were partly obtained through the vesting and conversion of 3,154 phantom units on July 23, 2026.

What are phantom units in the CrossAmerica Partners LP (CAPL) filing?

The filing states each phantom unit was the economic equivalent of one common unit. Upon vesting on July 23, 2026, these phantom units were converted into common units representing limited partner interests in CrossAmerica Partners LP.

Did Kenneth G. Valosky sell any CrossAmerica Partners LP (CAPL) common units in this Form 4?

No sales of common units are reported. The Form 4 shows a derivative exercise: 3,154 phantom units vested and were converted into 3,154 common units, increasing his directly held common units to 26,958.

When did the phantom units vest and convert in the CrossAmerica Partners LP (CAPL) Form 4?

The phantom units vested on July 23, 2026 and were converted into common units at the discretion of the issuer. On that date, 3,154 phantom units were exchanged for an equal number of common units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/24/2026 - 03:59 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Valosky Kenneth G

(Last) (First) (Middle)

645 HAMILTON ST., SUITE 400

(Street)

ALLENTOWN PENNSYLVANIA 18101

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026

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

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

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

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	07/23/2026		M		3,154	A	(1)	26,958	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
Phantom Units	(2)	07/23/2026		M			0	(2)	(2)	Common Units	3,154	(1)	0	D

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.

2. Phantom units vested on July 23, 2026 and were converted into Common Units at the discretion of the Issuer.

Remarks:

	/s/ Christina Casey Best as Attorney in Fact for Kenneth G. Valosky	07/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 4: SEC 1474 (03-26)