Form 4: 138,100 MMLP units bought across 10/17, 10/20, 10/21

Rhea-AI Filing Summary

Martin Midstream Partners (MMLP) reported insider open‑market purchases of common units across three dates. The reporting person bought 106,100 units on 10/17/2025 at $2.6466, 20,500 units on 10/20/2025 at $2.5519, and 11,500 units on 10/21/2025 at $2.5745, increasing directly held units to 2,706,838.2337.

In the remarks, the filer notes that Martin Resource Management Corporation may be deemed to beneficially own 7,800,105.2337 common units following the transactions, including units held by Martin Product Sales LLC, and it has control of the general partner through its ownership structure.

Insider Trade Summary

Net Buyer: 138,100 shares ($362,725)

Net Buy 3 txns

Insider Martin Product Sales LLC

Role 10% Owner

Bought 138,100 shs ($363K)

Type	Security	Shares	Price	Value
Purchase	Common Units	11,500	$2.5745	$30K
Purchase	Common Units	20,500	$2.5519	$52K
Purchase	Common Units	106,100	$2.6466	$281K

Holdings After Transaction: Common Units — 2,706,838.234 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Martin Product Sales LLC

(Last) (First) (Middle)

4200 B STONE ROAD

4200 B STONE ROAD

(Street)

KILGORE TX 75662

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARTIN MIDSTREAM PARTNERS L.P. [ MMLP ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/17/2025

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	10/17/2025		P		106,100	A	$2.6466	2,674,838.2337	D
Common Units	10/20/2025		P		20,500	A	$2.5519	2,695,338.2337	D
Common Units	10/21/2025		P		11,500	A	$2.5745	2,706,838.2337	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:

Remarks:

Martin Product Sales LLC ("Martin Product"), is a wholly owned subsidiary of Martin Resource Management Corporation ("MRMC"), and therefore, MRMC may be deemed to beneficially own the common units (the "Common Units") representing limited partner interests in Martin Midstream Partners L.P. (the "Partnership") held by Martin Product. Following the transaction, MRMC will directly or indirectly own 7,800,105.2337 Common Units, including the Common Units directly held by Martin Product, and has control of the general partner of the Partnership by virtue of its owning 100% of the equity interests of the sole member of the Partnership's general partner.

	/s/ Sharon L. Taylor, Executive Vice President and Chief Financial Officer	10/21/2025
	** 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 did MMLP’s reporting person buy?

Open‑market purchases of common units (transaction code P) on three dates.

How many MMLP units were purchased and when?

A total of 138,100 units: 106,100 on 10/17/2025, 20,500 on 10/20/2025, and 11,500 on 10/21/2025.

At what prices were the MMLP units purchased?

At $2.6466, $2.5519, and $2.5745 per unit on the respective dates.

What is the reporting person’s direct ownership after these trades?

Directly held units increased to 2,706,838.2337 after the reported transactions.

What does the filing say about MRMC’s beneficial ownership?

The remarks state MRMC may be deemed to beneficially own 7,800,105.2337 units following the transactions, including those held by Martin Product Sales LLC.

Who signed the Form 4 and when?

It was signed by /s/ Sharon L. Taylor, Executive Vice President and Chief Financial Officer on 10/21/2025.