MRMC Beneficially Owns 7,662,005.23 MMLP Units After 08/07/2025 Purchase

Rhea-AI Filing Summary

Martin Product Sales LLC reported a purchase of 1,544 common units of Martin Midstream Partners L.P. on 08/07/2025 at a price of $3.0404 per unit. The filing states that Martin Resource Management Corporation (MRMC), as parent of Martin Product, will directly or indirectly own 7,662,005.23 common units following the transaction and controls the partnerships general partner by owning 100% of the equity of the sole member of the general partner. The form is signed by Sharon L. Taylor, EVP and CFO, dated 08/11/2025.

Positive

• Acquisition recorded: Purchase of 1,544 common units on 08/07/2025 at $3.0404 per unit is disclosed.
• Consolidated ownership disclosed: MRMC will beneficially own 7,662,005.23 common units and controls the partnerships general partner.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small insider purchase: 1,544 units at $3.0404 increases MRMCs beneficial stake to 7,662,005.23 units; likely immaterial to market value.

The filing documents a direct acquisition of 1,544 common units on 08/07/2025 at $3.0404 each. The report clarifies ownership aggregation: MRMC, as parent of Martin Product Sales LLC, will beneficially own 7,662,005.23 common units after the transaction. The size of the purchase is explicitly stated; no earnings or financing details are provided. From a financial perspective, the transaction adds to aggregated insider holdings but the filing does not disclose any change in control or debt metrics.

Corporate Governance Expert

TL;DR: Transaction confirms consolidated beneficial ownership and continued control of the general partner by MRMC.

The Form 4 explains that Martin Product Sales LLC is a wholly owned subsidiary of Martin Resource Management Corporation and that MRMC may be deemed to beneficially own the reported units. It further states MRMC has control of the general partner by virtue of owning 100% of the equity interests of the sole member of the general partner. The filing provides a clear disclosure of aggregation and control without indicating any change in governance structure beyond the ownership aggregation noted.

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

(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)
08/07/2025

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	08/07/2025		P		1,544	A	$3.0404	2,568,738.2337	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 7,662,005.23 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	08/11/2025
	** 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 transaction is reported on the MMLP Form 4?

The Form 4 reports a purchase of 1,544 common units of MMLP on 08/07/2025 at $3.0404 per unit.

How many MMLP units will MRMC beneficially own after the transaction?

The filing states MRMC will directly or indirectly own 7,662,005.23 common units following the reported transaction.

Who filed the Form 4 for this transaction?

The reporting person is Martin Product Sales LLC, and the form is signed by Sharon L. Taylor, EVP and CFO dated 08/11/2025.

Does the filing indicate control of the partnerships general partner?

Yes. The filing states MRMC controls the general partner by owning 100% of the equity interests of the sole member of the general partner.

When was the transaction executed?

The transaction date reported on the Form 4 is 08/07/2025.