NGL Energy director awarded 24,000 restricted units

COLLINGSWORTH JAMES M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

COLLINGSWORTH JAMES M reported acquisition or exercise transactions in this Form 4 filing.

NGL Energy Partners LP reported that director James M. Collingsworth received a grant of 24,000 restricted Common Units on July 15, 2026, at a stated price of $0.0000 per unit under the NGL Long Term Incentive Plan. These restricted units vest in installments according to the related award agreement.

Following this equity award, he directly holds 753,500 Common Units, including 2,000 units owned jointly with his spouse. Indirect holdings reported include 9,500 units held jointly by his spouse and sister-in-law and 870 units held by his spouse.

Insider Trade Summary

Grant/Award: 24,000 shares

Grant/Award 3 txns

Insider COLLINGSWORTH JAMES M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Units F1, F2	24,000	$0.00	$0.00
holding	Common Units F3	--	--	--
holding	Common Units F4	--	--	--

Holdings After Transaction: Common Units — 753,500 shares (Direct); Common Units — 10,370 shares (Indirect, SEE FN)

Footnotes (4)

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.
2. F2. 2,000 of these units are owned jointly by the Reporting Person and his spouse, Cindy Collingsworth
3. F3. The units reported on this line are held jointly by the Reporting Person's spouse and sister-in-law.
4. F4. The units reported on this line are held by the Reporting Person's spouse.

Key Figures

Restricted units granted: 24,000 Common Units Grant price per unit: $0.0000 per Common Unit Direct holdings after award: 753,500 Common Units +3 more

6 metrics

Restricted units granted 24,000 Common Units Restricted Common Units granted on 2026-07-15 under the NGL Long Term Incentive Plan

Grant price per unit $0.0000 per Common Unit Stated transaction price per unit for the 24,000-unit restricted award

Direct holdings after award 753,500 Common Units Directly held NGL Common Units following the 24,000-unit grant on 2026-07-15

Joint units with spouse 2,000 Common Units Portion of direct holdings owned jointly by the reporting person and spouse

Indirect units via spouse and sister-in-law 9,500 Common Units Units held jointly by spouse and sister-in-law, reported as indirect ownership

Indirect units via spouse 870 Common Units Units held by the reporting person’s spouse, reported as indirect ownership

Key Terms

restricted units, NGL Long Term Incentive Plan, indirect ownership

3 terms

restricted units financial

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

NGL Long Term Incentive Plan financial

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

indirect ownership financial

"The units reported on this line are held by the Reporting Person's spouse."

FAQ

What equity award did NGL (NGL) director James M. Collingsworth receive?

James M. Collingsworth received a grant of 24,000 restricted Common Units of NGL Energy Partners LP. The units were granted at a stated price of $0.0000 per unit under the NGL Long Term Incentive Plan and will vest in installments over time.

How many NGL (NGL) common units does James M. Collingsworth hold after the award?

After the grant, James M. Collingsworth directly holds 753,500 Common Units of NGL Energy Partners LP. This direct position includes 2,000 units owned jointly with his spouse, in addition to separate indirect family holdings reported in the same ownership update.

Are the 24,000 NGL (NGL) units a market purchase or a compensation grant?

The 24,000 Common Units are a restricted unit compensation grant, not a market purchase. They were issued at a stated price of $0.0000 per unit under the NGL Long Term Incentive Plan and vest in installments per the award agreement.

What indirect NGL (NGL) holdings are associated with James M. Collingsworth?

Indirect interests include 9,500 Common Units held jointly by his spouse and sister-in-law and 870 Common Units held by his spouse. These positions are reported as indirect ownership and are separate from his 753,500 directly held units.

How do the restricted NGL (NGL) units granted to Collingsworth vest?

The 24,000 restricted Common Units granted to Collingsworth vest in installments. Vesting follows the schedule set out in the restricted unit award agreement under the NGL Long Term Incentive Plan, rather than becoming fully transferable immediately at grant.

How many NGL (NGL) units does James M. Collingsworth jointly own with his spouse?

Within his direct position, 2,000 Common Units are owned jointly with his spouse. Separate from that, his spouse also holds 870 Common Units, and an additional 9,500 Common Units are held jointly by his spouse and sister-in-law as indirect interests.

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Available on EDGAR 07/17/2026 - 08:33 AM Accepted by SEC EDGAR 07/17/2026 - 08:32 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^*

COLLINGSWORTH JAMES M

(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	753,500	D(2)
Common Units								9,500	I	SEE FN(3)
Common Units								870	I	SEE FN(4)

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.

2. 2,000 of these units are owned jointly by the Reporting Person and his spouse, Cindy Collingsworth

3. The units reported on this line are held jointly by the Reporting Person's spouse and sister-in-law.

4. The units reported on this line are held by the Reporting Person's spouse.

Remarks:

	/s/ James M. Collingsworth	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)