NGL Energy CFO receives 600,000 restricted units

Cooper Bradley P reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Cooper Bradley P reported acquisition or exercise transactions in this Form 4 filing.

NGL Energy Partners LP granted its CFO & EVP, Bradley P. Cooper, 600,000 restricted Common Units under the NGL Long Term Incentive Plan on 2026-07-15. These restricted units vest in installments under an award agreement and are explicitly described as not an open market purchase, bringing his direct holdings to 800,000 Common Units.

Insider Trade Summary

Grant/Award: 600,000 shares

Grant/Award 1 txn

Insider Cooper Bradley P

Role CFO & EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Units F1	600,000	$0.00	$0.00

Holdings After Transaction: Common Units — 800,000 shares (Direct)

Footnotes (1)

1. F1. Represents restricted units granted under the NGL Long Term Incentive Plan. The restricted units vest in installments according to the restricted unit award agreement. This is not an open market purchase of securities.

Key Figures

Restricted units granted: 600,000 units Grant price per unit: $0.0000 Holdings after grant: 800,000 units +1 more

4 metrics

Restricted units granted 600,000 units Common Units granted to CFO & EVP Bradley P. Cooper on 2026-07-15

Grant price per unit $0.0000 Reported transaction price per Common Unit for the restricted unit award

Holdings after grant 800,000 units Total Common Units directly owned by Bradley P. Cooper following the grant

Transaction date 2026-07-15 Date of the restricted Common Unit grant to Bradley P. Cooper

Key Terms

restricted units, NGL Long Term Incentive Plan, Common Units, open market purchase

4 terms

restricted units financial

"Represents restricted units granted under the NGL Long Term Incentive Plan."

NGL Long Term Incentive Plan financial

"Restricted units granted under the NGL Long Term Incentive Plan."

Common Units financial

"Security title for the reported transaction is Common Units."

Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.

open market purchase financial

"This is not an open market purchase of securities."

An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.

FAQ

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

What equity award did NGL (NGL) grant to CFO Bradley P. Cooper?

NGL Energy Partners granted CFO Bradley P. Cooper 600,000 restricted Common Units. The grant was made at a reported price of $0.0000 per unit as part of an equity award under its long term incentive plan, subject to vesting.

How do the newly granted NGL (NGL) units to the CFO vest?

The 600,000 restricted units granted to Bradley P. Cooper vest in installments according to the restricted unit award agreement. They were issued under NGL’s Long Term Incentive Plan, tying the award to ongoing service and performance conditions over time.

Did Bradley P. Cooper buy NGL (NGL) units on the open market?

No. The 600,000 units are described as a restricted unit grant, and the footnote states, “This is not an open market purchase of securities.” The units were issued as compensation under the NGL Long Term Incentive Plan.

How many NGL (NGL) units does the CFO own after this award?

After the restricted unit grant, Bradley P. Cooper is shown as directly owning 800,000 Common Units of NGL Energy Partners. This figure reflects his total direct holdings immediately following the reported equity award transaction.

What type of ownership is reported for Bradley P. Cooper’s NGL (NGL) units?

All reported NGL Energy Partners units for Bradley P. Cooper are classified as direct ownership (code “D”). The 600,000-unit restricted award and the resulting total of 800,000 Common Units are both held directly in his name.

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

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Accepted by SEC EDGAR 07/17/2026 - 08:35 AM EDT Learn about SEC filing dates

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^*

Cooper Bradley P

(Last) (First) (Middle)

6120 SOUTH YALE AVE., SUITE 1300

(Street)

TULSA OKLAHOMA 74136

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NGL Energy Partners LP [ NGL ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/15/2026		A		600,000(1)	A	$0	800,000	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. Represents restricted units granted under the NGL Long Term Incentive Plan. The restricted units vest in installments according to the restricted unit award agreement. This is not an open market purchase of securities.

Remarks:

	/s/ Bradley P. Cooper	07/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)