Paslay family reports up to 8.1% of Marine Petroleum

Paslay-related entities and individuals report beneficial ownership stakes of about 7–8% each in Marine Petroleum Trust’s 2,000,000 outstanding units.

Rhea-AI Filing Summary

Marine Petroleum Trust (MARPS) is the subject of a Schedule 13G in which Paslay Family, LLC, Michael R. Paslay, the Robert H. Paslay Family Trust, and Ottie K. Paslay report beneficial ownership of Units of Beneficial Interest. Reported holdings include 143,234 Units by Paslay Family, LLC (7.2% of the class), 152,753 Units by Michael R. Paslay (7.6%), 132,308 Units by the Robert H. Paslay Family Trust (6.6%), and 161,283 Units by Ottie K. Paslay (8.1%). The percentages are based on 2,000,000 Units outstanding as of May 14, 2026, as disclosed by the issuer. The reporting persons state that they may be deemed to beneficially own certain Units through their roles in Paslay Family, LLC and the family trust and specifically disclaim beneficial ownership of securities they do not directly own.

Key Figures

Units outstanding: 2,000,000 Units Paslay Family, LLC holdings: 143,234 Units (7.2%) Michael R. Paslay holdings: 152,753 Units (7.6%) +2 more

5 metrics

Units outstanding 2,000,000 Units Units of Beneficial Interest outstanding as of May 14, 2026, per issuer disclosure

Paslay Family, LLC holdings 143,234 Units (7.2%) Beneficial ownership of Units of Beneficial Interest

Michael R. Paslay holdings 152,753 Units (7.6%) Beneficial ownership of Units of Beneficial Interest

Robert H. Paslay Family Trust holdings 132,308 Units (6.6%) Beneficial ownership of Units of Beneficial Interest

Ottie K. Paslay holdings 161,283 Units (8.1%) Beneficial ownership of Units of Beneficial Interest

Key Terms

Units of Beneficial Interest, beneficially own, beneficial ownership, shared voting power, +1 more

5 terms

Units of Beneficial Interest financial

"Title of class of securities: Units of Beneficial Interest"

Units of beneficial interest are pieces of ownership in a trust, fund, or pooled investment that give the holder a right to a share of the assets and income without holding the underlying property directly. Think of them as slices of a pie that entitle you to future slices of profit or distributions; investors care because these units determine how returns, risks, voting rights, and tax treatment are allocated and how easily you can buy or sell your stake.

beneficially own financial

"Mr. Paslay may be deemed to beneficially own the Units of Beneficial Interest"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

beneficial ownership financial

"specifically disclaims beneficial ownership of the securities reported herein"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared voting power financial

"Shared Voting Power 143,234.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Shared Dispositive Power 143,234.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership in MARPS does Paslay Family, LLC report?

Paslay Family, LLC reports beneficial ownership of 143,234 Units of Beneficial Interest in Marine Petroleum Trust, representing 7.2% of the class, based on 2,000,000 Units outstanding as of May 14, 2026.

How many MARPS units does Michael R. Paslay report owning?

Michael R. Paslay reports beneficial ownership of 152,753 Units of Beneficial Interest in Marine Petroleum Trust, representing 7.6% of the outstanding class, using 2,000,000 Units as the total units outstanding.

What stake in MARPS is reported by the Robert H. Paslay Family Trust?

The Robert H. Paslay Family Trust reports beneficial ownership of 132,308 Units of Marine Petroleum Trust, equal to 6.6% of the class, calculated on 2,000,000 Units outstanding as of May 14, 2026.

What is Ottie K. Paslay’s reported ownership in MARPS?

Ottie K. Paslay reports beneficial ownership of 161,283 Units of Beneficial Interest in Marine Petroleum Trust, representing 8.1% of the outstanding units, again based on 2,000,000 Units outstanding.

What total number of MARPS units is used to calculate the reported percentages?

All reported ownership percentages are calculated using 2,000,000 Units of Beneficial Interest outstanding as of May 14, 2026, which Marine Petroleum Trust disclosed in its Quarterly Report on Form 10-Q filed May 14, 2026.

How do the Paslay reporting persons describe their beneficial ownership of MARPS?

The reporting persons state that Mr. Paslay may be deemed to beneficially own Units held by Paslay Family, LLC and Ms. Paslay may be deemed to beneficially own Units held by the RHP Family Trust, and they disclaim beneficial ownership of securities they do not directly own.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 11:42 AM Accepted by SEC EDGAR 09/17/2026 - 11:42 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MARINE PETROLEUM TRUST

(Name of Issuer)

Units of Beneficial Interest

(Title of Class of Securities)

568423107

(CUSIP Number)

12/18/2025

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 568423107

1

Names of Reporting Persons

Paslay Family, LLC

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

TENNESSEE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 143,234.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 143,234.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

143,234.00

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)

7.2 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 568423107

1

Names of Reporting Persons

Michael R. Paslay

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 152,753.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 152,753.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

152,753.00

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)

7.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 568423107

1

Names of Reporting Persons

Robert H. Paslay Family Trust

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

TENNESSEE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 132,308.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 132,308.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

132,308.00

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)

6.6 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 568423107

1

Names of Reporting Persons

Ottie K. Paslay

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 28,975.00
6	Shared Voting Power 132,308.00
7	Sole Dispositive Power 28,975.00
8	Shared Dispositive Power 132,308.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

161,283.00

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)

8.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MARINE PETROLEUM TRUST
(b)	Address of issuer's principal executive offices: ARGENT TRUST COMPANY, 3838 OAK LAWN AVENUE, SUITE 1720, DALLAS, TEXAS, 75219.
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by Paslay Family, LLC ("Paslay Family, LLC"), Michael R. Paslay, the Robert H. Paslay Family Trust ("RHP Family Trust") and Ottie K. Paslay. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Mr. Paslay serves as the Manager of Paslay Family, LLC. By virtue of this relationship, Mr. Paslay may be deemed to beneficially own the Units of Beneficial Interest (the "Units") owned directly by Paslay Family, LLC. Ms. Paslay serves as the Trustee of the RHP Family Trust. By virtue of this relationship, Ms. Paslay may be deemed to beneficially own the Units owned directly by the RHP Family Trust.
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Reporting Persons is 9201 Heritage Dr Brentwood, Tennessee 37027.
(c)	Citizenship: Paslay Family, LLC is organized under the laws of the State of Tennessee. Mr. Paslay is a citizen of the United States of America. The RHP Family Trust is a Tennessee trust. Ms. Paslay is a citizen of the United States of America.
(d)	Title of class of securities: Units of Beneficial Interest
(e)	CUSIP Number(s): 568423107
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: See responses to Item 9 on each cover page. The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)	Percent of class: See responses to Item 11 on each cover page. The percentages on each cover page are based on 2,000,000 Units outstanding as of May 14, 2026, which is the total number of Units outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 14, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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 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.

Paslay Family, LLC

Signature:	Michael R. Paslay
Name/Title:	Michael R. Paslay, Manager
Date:	09/17/2026

Michael R. Paslay

Signature:	Michael R. Paslay
Name/Title:	Michael R. Paslay
Date:	09/17/2026

Robert H. Paslay Family Trust

Signature:	Ottie K. Paslay
Name/Title:	Ottie K. Paslay, Trustee
Date:	09/17/2026

Ottie K. Paslay

Signature:	Ottie K. Paslay
Name/Title:	Ottie K. Paslay
Date:	09/17/2026