CrossAmerica Partners (NYSE: CAPL) CFO reports unit vesting and tax withholding

Rhea-AI Filing Summary

CrossAmerica Partners LP reported an insider equity transaction by its Chief Financial Officer and director, Maura Topper, on December 31, 2025. Phantom units converted into 2,345 common units, increasing her directly held units. To cover tax withholding triggered by this vesting, 676 common units were withheld at a price of $20.51 per unit. After these transactions, she directly owned 22,225 common units and held 16,287 phantom units, each representing a contingent right to receive one common unit of CrossAmerica Partners.

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^*

Topper Maura

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

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		2,345	A	(1)	22,901	D
Common Units	12/31/2025		F		676(2)	D	$20.51(3)	22,225	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			2,345	(5)	(5)	Common Units	2,345	$0	16,287	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 Issuer's common units.

5. December 31, 2025.

Remarks:

	/s/ Christina Casey-Best as Attorney in Fact for Maura Topper	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).
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.

FAQ

What insider transaction did CrossAmerica Partners LP (CAPL) disclose?

CrossAmerica Partners LP disclosed that Maura Topper, its Chief Financial Officer and a director, had phantom units vest into 2,345 common units on December 31, 2025, with a portion of units withheld to cover taxes.

How many CrossAmerica Partners (CAPL) common units did the CFO acquire and retain?

The CFO acquired 2,345 common units upon vesting of phantom units. After 676 units were withheld for taxes, she directly held 22,225 common units following the reported transactions.

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

Each phantom unit represents a contingent right to receive one of CrossAmerica Partners LP's common units. After the reported vesting, 16,287 phantom units remained beneficially owned.

At what price were CrossAmerica Partners (CAPL) units withheld for taxes?

The 676 common units withheld to satisfy tax obligations were valued at $20.51 per unit, which was the price at the close of business on the day preceding the vesting event.

What is the role of the reporting person in CrossAmerica Partners LP (CAPL)?

The reporting person, Maura Topper, serves as a director and the Chief Financial Officer of CrossAmerica Partners LP.

Is the Form 4 for CrossAmerica Partners (CAPL) filed for one or multiple insiders?

The Form 4 was filed by one reporting person, covering transactions for Maura Topper only.