[SCHEDULE 13G/A] Global Partners LP SEC Filing

Rhea-AI Filing Summary

Travel + Leisure Co. (TNL) filed a Form 144 that discloses the proposed sale of up to 6,863 common shares through Merrill Lynch, Iselin, NJ, with an expected sale date of 07/08/2025. The shares carry an aggregate market value of $390,847.85 and represent roughly 0.01 % of the company’s 66,415,595 shares outstanding, indicating a modest transaction size relative to the float. The securities being sold were acquired via restricted stock unit (RSU) vestings on 27 Feb 2018, 28 Feb 2017 and 27 Feb 2017. No other insider sales have been reported in the past three months. By signing the notice, the filer affirms they possess no undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR Minimal-sized Form 144 sale (<0.01 % of shares) is routine and unlikely to move TNL stock.

The filing signals a forthcoming insider sale worth about $391 k, acquired via ordinary RSU vestings. Because the stake represents only a tiny fraction of the 66.4 million shares outstanding, the transaction should have immaterial market impact. No cluster selling or recent share disposals are noted, suggesting the move is a normal liquidity event rather than a negative signal. Investors typically monitor Form 144s for large or repeated sales; this notice does not meet those thresholds. Overall, I view the disclosure as neutral for valuation and sentiment.

Corporate Governance Expert

TL;DR Single RSU-related insider sale is governance-routine with no red flags.

The shares were earned via RSU vesting, implying standard compensation cash-out rather than opportunistic selling. The filer attests to possessing no undisclosed adverse information, aligning with compliance best practices. Absence of other recent sales or aggregated transactions supports that this is a one-off liquidity action. From a governance standpoint, there are no material concerns, and disclosure is timely. I also classify the impact as neutral.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Global Partners LP

(Name of Issuer)

Common Units Representing Limited Partner Interests

(Title of Class of Securities)

37946R109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 37946R109

1

Names of Reporting Persons

ALPS Advisors, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,446,063.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,446,063.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,446,063.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

16.02 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 37946R109

1

Names of Reporting Persons

Alerian MLP ETF

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,446,063.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,446,063.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,446,063.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

16.02 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Global Partners LP
(b)	Address of issuer's principal executive offices: PO Box 9161, 800 South Street, Suite 500, Waltham, MA, 02454
Item 2.
(a)	Name of person filing: (1) ALPS Advisors, Inc. (2) Alerian MLP ETF
(b)	Address or principal business office or, if none, residence: (1) ALPS Advisors, Inc.: 1290 Broadway, Suite 1000, Denver, CO, 80203 (2) Alerian MLP ETF: 1290 Broadway, Suite 1000, Denver, CO, 80203
(c)	Citizenship: (1) ALPS Advisors, Inc.: Colorado (2) Alerian MLP ETF: Delaware
(d)	Title of class of securities: Common Units Representing Limited Partner Interests
(e)	CUSIP No.: 37946R109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: (1) ALPS Advisors, Inc.: 5446063 (2) Alerian MLP ETF: 5446063
(b)	Percent of class: (1) ALPS Advisors, Inc.: 16.02% (2) Alerian MLP ETF: 16.02%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: (1) ALPS Advisors, Inc.: 5446063 (2) Alerian MLP ETF: 5446063
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: (1) ALPS Advisors, Inc.: 5446063 (2) Alerian MLP ETF: 5446063
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. ALPS Advisors, Inc. ("AAI"), an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to investment companies registered under the Investment Company Act of 1940 (collectively referred to as the "Funds"). In its role as investment advisor, AAI has voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of the shares of the Issuer held by the Funds. However, all securities reported in this schedule are owned by the Funds. AAI disclaims beneficial ownership of such securities. In addition, the filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934. Alerian MLP ETF is an investment company registered under the Investment Company Act of 1940 and is one of the Funds to which AAI provides investment advice.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

ALPS Advisors, Inc.

Signature:	/s/ Matthew Sutula
Name/Title:	Matthew Sutula, Chief Compliance Officer
Date:	07/01/2025

Alerian MLP ETF

Signature:	/s/ Matthew Sutula
Name/Title:	Matthew Sutula, Chief Compliance Officer
Date:	07/01/2025

Comments accompanying signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FAQ

What did Travel + Leisure Co. (TNL) file on Form 144?

TNL filed notice of a proposed sale of 6,863 common shares valued at $390,847.85.

When is the planned sale date for the TNL shares?

The approximate sale date disclosed is 07/08/2025.

How significant is the 6,863-share sale relative to TNL’s float?

It represents roughly 0.01 % of the 66,415,595 shares outstanding—an immaterial amount.

How were the shares being sold originally acquired?

They were obtained via RSU vestings on 27-Feb-2018, 28-Feb-2017 and 27-Feb-2017.

Were any other insider sales reported in the past three months?

No. The Form 144 lists "Nothing to Report" for prior three-month sales.