Global Partners LP (GLP) general partner reports multi-day insider unit purchases

Rhea-AI Filing Summary

Global Partners LP insider Global GP LLC, its general partner, reported open-market purchases of common units representing limited partner interests. On 12/02/2025, it bought 3,809 units at a weighted average price of $43.35, on 12/03/2025 it bought 4,947 units at a weighted average price of $44.64, and on 12/04/2025 it bought 5,000 units at a weighted average price of $45.21. Following these transactions, Global GP LLC beneficially owned 212,071 common units, reported as directly held. The filing notes that the 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 these 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

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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^*

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)
12/02/2025

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	12/02/2025		P(1)		3,809	A	$43.35(2)	202,124(1)	D
Common units representing limited partner interests	12/03/2025		P(1)		4,947	A	$44.64(3)	207,071(1)	D
Common units representing limited partner interests	12/04/2025		P(1)		5,000	A	$45.21(4)	212,071(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 $42.92 to $43.76, 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 $43.70 to $44.82, 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 $44.67 to $45.66, 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	12/04/2025
	** 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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FAQ

What insider transactions did GLP disclose in this Form 4 filing?

The filing reports that Global GP LLC, the general partner of Global Partners LP, purchased common units representing limited partner interests in three open-market transactions on 12/02/2025, 12/03/2025, and 12/04/2025.

How many GLP units were purchased and at what prices?

Global GP LLC bought 3,809 units at $43.35 on 12/02/2025, 4,947 units at $44.64 on 12/03/2025, and 5,000 units at $45.21 on 12/04/2025, with each price reported as a weighted average.

What is Global GP LLC’s reported GLP ownership after these trades?

After the reported purchases, Global GP LLC beneficially owned 212,071 common units of Global Partners LP, held in direct ownership form.

Why did Global GP LLC purchase GLP common units according to the filing?

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

Does the reporting person claim economic ownership of the GLP units?

No. The filing explains 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.

Were the GLP unit purchases executed as single or multiple trades each day?

Each day’s reported price is a weighted average. The filing notes that the common units were purchased in multiple transactions within stated price ranges and offers to provide full trade details upon request.