GLP general partner reports multiple unit purchases on Form 4

Rhea-AI Filing Summary

Global Partners LP (GLP) reported insider activity by its general partner, Global GP LLC, which filed a Form 4 for recent unit purchases. On 11/21/2025 it bought 4,005 common units representing limited partner interests at a weighted average price of $42.96. On 11/24/2025 it acquired another 3,965 units at a weighted average price of $42.05, and on 11/25/2025 it purchased 2,228 units at a weighted average price of $42.88. After these transactions, Global GP LLC beneficially owned 194,820 common units, held directly. The filing notes that these units are being purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan and that the reporting person disclaims any pecuniary interest in the securities.

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^*

Global GP LLC

(Last) (First) (Middle)

C/O GLOBAL PARTNERS LP

800 SOUTH STREET, SUITE 500

(Street)

WALTHAM MA 02453

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GLOBAL PARTNERS LP [ GLP ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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 representing limited partner interests	11/21/2025		P(1)		4,005	A	$42.96(2)	188,627(1)	D
Common units representing limited partner interests	11/24/2025		P(1)		3,965	A	$42.05(3)	192,592(1)	D
Common units representing limited partner interests	11/25/2025		P(1)		2,228	A	$42.88(4)	194,820(1)	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. Global GP LLC is purchasing common units for the purpose of satisfying obligations pursuant to awards previously granted to directors and officers under the Global Partners LP Long-Term Incentive Plan ("LTIP"). The reporting person disclaims any pecuniary interest in these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16.

2. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $42.41 to $43.30, inclusive. The reporting person undertakes to provide to Global Partners LP, any security holder of Global Partners LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (2) to this Form 4.

3. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $41.75 to $42.54, inclusive. The reporting person undertakes to provide to Global Partners LP, any security holder of Global Partners LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (3) to this Form 4.

4. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $42.30 to $43.19, inclusive. The reporting person undertakes to provide to Global Partners LP, any security holder of Global Partners LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (4) to this Form 4.

	Erin Powers Brennan, Attorney-in-Fact for Global GP LLC	11/25/2025
	** 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 Global Partners LP (GLP) report on this Form 4?

The Form 4 reports that Global GP LLC, the general partner of Global Partners LP, bought common units representing limited partner interests in three separate transactions on 11/21/2025, 11/24/2025, and 11/25/2025.

How many GLP common units did Global GP LLC purchase in the reported trades?

Global GP LLC purchased 4,005 units on 11/21/2025, 3,965 units on 11/24/2025, and 2,228 units on 11/25/2025, all classified as acquisitions.

What prices were paid for the Global Partners LP (GLP) units in these Form 4 transactions?

The reported weighted average purchase prices were $42.96 on 11/21/2025, $42.05 on 11/24/2025, and $42.88 on 11/25/2025, each representing multiple trades within disclosed price ranges.

How many GLP units does Global GP LLC beneficially own after these transactions?

Following the reported purchases, Global GP LLC beneficially owned 194,820 common units representing limited partner interests in Global Partners LP, held in direct ownership form.

Why is Global GP LLC purchasing Global Partners LP (GLP) units according to the filing?

The filing explains that Global GP LLC is purchasing the common units to satisfy obligations related to awards previously granted to directors and officers under the Global Partners LP Long-Term Incentive Plan (LTIP).

Does Global GP LLC claim an economic interest in the reported GLP securities?

No. The Form 4 states that the reporting person disclaims any pecuniary interest in these securities and that the report should not be deemed an admission of beneficial ownership for Section 16 purposes.

Is this Form 4 filed by one or multiple reporting persons for GLP?

The document indicates that the Form 4 is filed by one reporting person, Global GP LLC, in its capacity as general partner and a 10% owner of Global Partners LP.