NGL Energy director granted 24,000 restricted units

GUDERIAN BRYAN K reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

GUDERIAN BRYAN K reported acquisition or exercise transactions in this Form 4 filing.

NGL Energy Partners LP director Bryan K. Guderian received a grant of 24,000 restricted common units on July 15, 2026 under the NGL Long Term Incentive Plan. The restricted units vest in installments and are not an open market purchase. After this award, he directly holds 146,500 common units.

Insider Trade Summary

Grant/Award: 24,000 shares

Grant/Award 1 txn

Insider GUDERIAN BRYAN K

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Units F1	24,000	$0.00	$0.00

Holdings After Transaction: Common Units — 146,500 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: 24,000 units Holdings after transaction: 146,500 units Grant price per unit: $0.0000 +1 more

4 metrics

Restricted units granted 24,000 units Restricted common units granted to Bryan K. Guderian on July 15, 2026

Holdings after transaction 146,500 units Total common units directly owned by Bryan K. Guderian following the grant

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

Acquisition transactions reported 1 Number of acquisition transactions reported for this insider in the filing

Key Terms

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

4 terms

restricted units financial

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

NGL Long Term Incentive Plan financial

"Granted under the NGL Long Term Incentive Plan and vest in installments."

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.

Common Units financial

"Security title reported for the 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.

FAQ

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

What insider transaction involving NGL (NGL) director Bryan K. Guderian was reported?

Bryan K. Guderian, a director of NGL Energy Partners LP, received a grant of 24,000 restricted common units. The units were awarded on July 15, 2026 under the NGL Long Term Incentive Plan and increase his direct ownership to 146,500 common units.

How many NGL Energy Partners (NGL) units were granted to Bryan K. Guderian?

Bryan K. Guderian was granted 24,000 restricted common units of NGL Energy Partners LP. These restricted units were issued at a reported price of $0.0000 per unit under the company’s Long Term Incentive Plan and will vest in installments over time.

What are the vesting terms of the restricted units granted by NGL (NGL) to its director?

The 24,000 restricted units granted to director Bryan K. Guderian vest in installments under the applicable restricted unit award agreement. This installment vesting schedule means the units become fully owned gradually rather than immediately on the grant date.

Are Bryan K. Guderian’s newly granted NGL (NGL) units an open market purchase?

No. The filing specifies that the 24,000 restricted units granted to Bryan K. Guderian are not an open market purchase of securities. They represent an equity award issued under the NGL Long Term Incentive Plan rather than a market transaction.

How many NGL (NGL) units does Bryan K. Guderian hold after this restricted unit grant?

Following the restricted unit grant, Bryan K. Guderian directly holds 146,500 common units of NGL Energy Partners LP. This total includes the newly granted 24,000 restricted units that were awarded on July 15, 2026 under the Long Term Incentive Plan.

Was the NGL (NGL) director’s restricted unit grant made under a Rule 10b5-1 trading plan?

No. The transaction was not affirmatively reported as being made under a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is marked false, indicating the award was not disclosed as part of such a pre-arranged trading arrangement.

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

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Accepted by SEC EDGAR 07/17/2026 - 08:38 AM 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^*

GUDERIAN BRYAN K

(Last) (First) (Middle)

6120 S. YALE AVENUE, 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)

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

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		24,000(1)	A	$0	146,500	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/ Bryan K. Guderian	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)