GLP Form 4: Global GP LLC adds common units for LTIP needs

Rhea-AI Filing Summary

Global Partners LP (GLP) reported that its general partner, Global GP LLC, acquired additional common units representing limited partner interests over three days in November 2025. On November 18, 2025, it purchased 2,241 units at a weighted average price of $42.24. On November 19, 2025, it purchased 2,500 units at a weighted average price of $42.56, and on November 20, 2025, it purchased 3,066 units at a weighted average price of $42.96. After these transactions, Global GP LLC beneficially owned 184,622 common units directly. The filing explains that these units are being purchased to satisfy obligations under the Global Partners LP Long-Term Incentive Plan for directors and officers, 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)
11/18/2025

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	11/18/2025		P(1)		2,241	A	$42.24(2)	179,056(1)	D
Common units representing limited partner interests	11/19/2025		P(1)		2,500	A	$42.56(3)	181,556(1)	D
Common units representing limited partner interests	11/20/2025		P(1)		3,066	A	$42.96(4)	184,622(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 $42.02 to $42.41, 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 $42.40 to $42.74, 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 $42.52 to $43.32, 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	11/20/2025
	** 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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** 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 did Global GP LLC report in this Form 4 for GLP?

Global GP LLC reported purchases of common units of Global Partners LP over three days in November 2025 and updated its beneficial ownership to 184,622 units held directly.

How many GLP units did Global GP LLC buy and on which dates?

Global GP LLC bought 2,241 units on 11/18/2025, 2,500 units on 11/19/2025, and 3,066 units on 11/20/2025, all reported as open-market purchases.

What prices did Global GP LLC pay for the GLP units?

The reported weighted average prices were $42.24 on November 18, $42.56 on November 19, and $42.96 on November 20, 2025, each based on multiple trades within disclosed price ranges.

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

Following the reported purchases, Global GP LLC beneficially owned 184,622 common units representing limited partner interests, held in direct ownership form.

Why is Global GP LLC purchasing these GLP units?

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 directors and officers.

Does Global GP LLC claim economic ownership of these GLP units?

The report notes that the reporting person disclaims any pecuniary interest in the securities and that the filing should not be taken as an admission of beneficial ownership for Section 16 purposes.

Were any derivative securities reported in this GLP Form 4 filing?

The section for derivative securities shows no entries, indicating no reportable derivative transactions in this filing excerpt.