CrossAmerica Partners (NYSE: CAPL) SVP Reports Phantom Unit Vesting and Tax Withholding

Rhea-AI Filing Summary

CrossAmerica Partners LP insider equity award activity: Senior Vice President Retail Stephen J. Lattig reported equity transactions in CrossAmerica Partners LP common units. On December 31, 2025, 1,926 common units were acquired upon the vesting of previously granted phantom units, increasing his direct holdings at that step to 21,284 common units.

On the same date, 581 common units were withheld to cover tax obligations related to the vesting at a reference price of $20.51 per unit, leaving Lattig with 20,703 common units beneficially owned directly after the transactions. The phantom units represented a contingent right to receive one common unit per phantom unit, and following this event, no derivative (phantom) units remain beneficially owned.

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

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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).

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^*

Lattig Stephen J

(Last) (First) (Middle)

6109 COTTONWOOD LANE

(Street)

BLACKSHEAR GA 31516

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President Retail

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of 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

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	12/31/2025		M		1,926	A	(1)	21,284	D
Common Units	12/31/2025		F		581(2)	D	$20.51(3)	20,703	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	(4)	12/31/2025		M			1,926	(5)	(5)	Common Units	1,926	$0	0	D

Explanation of Responses:

1. Common units acquired upon vesting of phantom units.

2. Common units withheld in payment of the reporting person's tax withholding triggered by vesting.

3. The price at the close of business on the day preceding the vest event.

4. Each phantom unit represents a contingent right to receive one of the Issuers common units.

5. December 31, 2025.

Remarks:

	Christina Casey-Best as Attorney-in-Fact for Stephen J. Lattig	01/02/2026
	** 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).
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FAQ

What insider transaction did CAPL report for Stephen J. Lattig?

CrossAmerica Partners LP reported that Senior Vice President Retail Stephen J. Lattig acquired 1,926 common units on December 31, 2025 upon vesting of phantom units.

How many CrossAmerica Partners LP (CAPL) units were withheld for taxes?

A total of 581 common units of CrossAmerica Partners LP were withheld to cover tax obligations triggered by the vesting of the phantom units, at a price of $20.51 per unit.

What is Stephen J. Lattig's CAPL ownership after the reported Form 4 transaction?

After the reported transactions on December 31, 2025, Stephen J. Lattig beneficially owns 20,703 CrossAmerica Partners LP common units directly.

What are the phantom units referenced in the CAPL Form 4 filing?

The phantom units are described as derivative securities where each phantom unit represents a contingent right to receive one common unit of CrossAmerica Partners LP upon vesting.

What happened to the phantom units in this CAPL insider transaction?

On December 31, 2025, 1,926 phantom units were converted into the same number of common units, and following this conversion, the number of phantom units beneficially owned was reduced to 0.

Who signed the CAPL Form 4 related to Stephen J. Lattig?

The Form 4 was signed by Christina Casey-Best acting as Attorney-in-Fact for Stephen J. Lattig on January 2, 2026.