NGL Energy CEO sells common units at $17

NGL Energy Partners LP (NGL) reported that Chief Executive Officer and director H. Michael Krimbill sold 300,000 Common Units on 2026-08-25 in an open-market or private transaction at $17.00 per unit.

Rhea-AI Filing Summary

NGL Energy Partners LP (NGL) reported that Chief Executive Officer and director H. Michael Krimbill sold 300,000 Common Units on 2026-08-25 in an open-market or private transaction at $17.00 per unit. Following this sale, he directly holds 3,378,615 Common Units. Additional Common Units are held indirectly through entities including Krimbill Enterprises LP, Krim2010, LLC, KrimGP2010, LLC, and Krimbill Enterprises LP II, for which he generally exercises voting and disposition power but disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Net Seller: 300,000 shares

Net Sell 5 txns

Insider KRIMBILL H MICHAEL

Role Chief Executive Officer

Sold 300,000 shs ($5.10M)

Type	Security	Shares	Price	Value
Sale	Common Units	300,000	$17.00	$5.10M
holding	Common Units F1	--	--	--
holding	Common Units F2	--	--	--
holding	Common Units F3	--	--	--
holding	Common Units F4	--	--	--

Holdings After Transaction: Common Units — 3,378,615 shares (Direct); Common Units — 2,046,403 shares (Indirect, SEE FTN)

Footnotes (4)

1. F1. These units are owned directly by Krimbill Enterprises LP and controlled by the Reporting Person via his ownership of its general partner, Krimbill Holding Company. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
2. F2. These units are owned directly by Krim2010, LLC, which is owned by Krimbill Enterprises LP, the Reporting Person and James E. Krimbill. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
3. F3. These units are owned directly by KrimGP2010, LLC, which is solely owned by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
4. F4. These units are owned directly by Krimbill Enterprises LP II and controlled by the Reporting Person via his ownership of its general partner, Krimbill Holding Company. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.

Key Figures

Common Units sold: 300,000 units Sale price per Common Unit: $17.00 per unit Direct Common Units owned after transaction: 3,378,615 units +2 more

5 metrics

Common Units sold 300,000 units Sale of non-derivative Common Units on 2026-08-25

Sale price per Common Unit $17.00 per unit Reported transaction price for the 300,000-unit sale on 2026-08-25

Direct Common Units owned after transaction 3,378,615 units Direct holdings of CEO H. Michael Krimbill following the sale

Net buy/sell shares in report -300,000 units Transaction summary netBuySellShares showing net-sell activity

Sell transactions counted 1 transaction transactionSummary sellCount for this Form 4

Key Terms

Common Units, disclaims beneficial ownership, pecuniary interest, voting and disposition power

4 terms

Common Units financial

"These units are owned directly by Krimbill Enterprises LP"

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.

disclaims beneficial ownership financial

"The Reporting Person disclaims beneficial ownership of these securities"

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

voting and disposition power financial

"The Reporting Person exercises the sole voting and disposition power"

FAQ

What insider transaction did NGL (NGL Energy Partners LP) disclose in this Form 4?

The filing reports that CEO and director H. Michael Krimbill sold 300,000 Common Units of NGL Energy Partners LP on 2026-08-25 in a transaction coded as a sale in the open market or a private transaction.

At what price were the NGL common units sold by the CEO on 2026-08-25?

The 300,000 Common Units of NGL Energy Partners LP sold by CEO H. Michael Krimbill on 2026-08-25 were reported at a price of $17.00 per unit.

How many NGL units does the CEO hold directly after the reported sale?

After the reported sale, CEO H. Michael Krimbill directly holds 3,378,615 Common Units of NGL Energy Partners LP, as stated in the filing’s post-transaction holdings field.

Does the NGL Form 4 indicate use of a Rule 10b5-1 trading plan for this sale?

No. The document-level Rule 10b5-1 checkbox is reported as false, indicating the transaction was not affirmed as made under a Rule 10b5-1 trading plan.

What indirect holdings of NGL units are associated with the CEO in this Form 4?

Indirect holdings relate to Common Units owned by Krimbill Enterprises LP, Krim2010, LLC, KrimGP2010, LLC, and Krimbill Enterprises LP II. The CEO generally exercises voting and disposition power but disclaims beneficial ownership except for his pecuniary interest.

How many NGL units were bought versus sold in this insider report?

The transaction summary shows 0 units purchased and 300,000 units sold, resulting in net reported activity of 300,000 units sold for this Form 4.

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Available on EDGAR 08/26/2026 - 04:41 PM Accepted by SEC EDGAR 08/26/2026 - 04:40 PM 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^*

KRIMBILL H MICHAEL

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026

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	08/25/2026		S		300,000	D	$17	3,378,615	D
Common Units								648,000	I	SEE FTN(1)
Common Units								904,848	I	SEE FTN(2)
Common Units								363,555	I	SEE FTN(3)
Common Units								130,000	I	SEE FTN(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. These units are owned directly by Krimbill Enterprises LP and controlled by the Reporting Person via his ownership of its general partner, Krimbill Holding Company. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.

2. These units are owned directly by Krim2010, LLC, which is owned by Krimbill Enterprises LP, the Reporting Person and James E. Krimbill. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.

3. These units are owned directly by KrimGP2010, LLC, which is solely owned by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.

4. These units are owned directly by Krimbill Enterprises LP II and controlled by the Reporting Person via his ownership of its general partner, Krimbill Holding Company. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.

Remarks:

	s/H. Michael Krimbill	08/25/2026
	** 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)