Navios Maritime Partners (NMM) insider adds 3,826 units under 10b5-1 plan

Rhea-AI Filing Summary

Navios Maritime Partners L.P. insider Angeliki Frangou reported open-market purchases of a total of 3,826 common units at weighted average prices in the mid‑$60s per unit on March 27, 30 and 31, 2026. These trades were executed by affiliated entity Raymar Investments S.A. under a pre-arranged Rule 10b5-1 trading plan with UBS Financial Services Inc.

After these purchases, indirect common unit holdings reported in this account rose to 4,686,314 common units, in addition to 366,766 common units held directly. An affiliated general partner entity also holds 622,296 general partnership units, representing about 2.1% of Navios Maritime Partners as of March 31, 2026.

Insider Trade Summary 10b5-1

Net Buyer: 3,826 shares ($251,158)

Net Buy 5 txns

Insider Frangou Angeliki

Role See Remarks

Bought 3,826 shs ($251K)

Type	Security	Shares	Price	Value
Purchase	Common Unit	1,295	$66.6046	$86K
Purchase	Common Unit	1,276	$64.5389	$82K
Purchase	Common Unit	1,255	$65.7794	$83K
holding	Common Unit	--	--	--
holding	General Partnership Unit	--	--	--

Holdings After Transaction: Common Unit — 4,686,314 shares (Indirect, See footnote); Common Unit — 366,766 shares (Direct); General Partnership Unit — 622,296 shares (Indirect, See footnote)

Footnotes (1)

1. The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc. adopted on December 9, 2025. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $65.04 to $66.84 on March 27, 2026; (2) $64.05 to $64.92 on March 30, 2026 and (3) $66.20 to $67.15 on March 31, 2026. The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein. The Reporting Person hereby undertakes to provide upon request to the Staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer full information regarding the number of shares and the prices at which these reported transactions were effected each day. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 11,429 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 27, 2026. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 12,705 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 30, 2026. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 14,000 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 31, 2026. Olympos Maritime Ltd., an entity affiliated with Ms. Frangou, is the general partner (the "General Partner") of Navios Maritime Partners L.P. ("NMM"). As of March 31, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units.

Key Figures

Total common units purchased: 3,826 common units Purchase price March 27, 2026: $65.7794 per unit Purchase price March 30, 2026: $64.5389 per unit +5 more

8 metrics

Total common units purchased 3,826 common units Open-market purchases on March 27, 30 and 31, 2026

Purchase price March 27, 2026 $65.7794 per unit Weighted average purchase price for 1,255 common units

Purchase price March 30, 2026 $64.5389 per unit Weighted average purchase price for 1,276 common units

Purchase price March 31, 2026 $66.6046 per unit Weighted average purchase price for 1,295 common units

Indirect common units after trades 4,686,314 common units Total indirect common unit holdings following March 31, 2026 purchase

Direct common unit holdings 366,766 common units Directly held common units as of March 27, 2026 entry

General partnership units 622,296 units General partnership units held by affiliated general partner, about 2.1% interest

General partner ownership percentage 2.1% Ownership interest in NMM based on all outstanding units as of March 31, 2026

Key Terms

Rule 10b5-1 trading plan, beneficially owned, general partnership units, weighted average purchase prices, +1 more

5 terms

Rule 10b5-1 trading plan financial

"pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A. and UBS Financial Services Inc."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

beneficially owned financial

"The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units..."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

general partnership units financial

"the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest"

weighted average purchase prices financial

"The prices reported above reflect the weighted average purchase prices on each such day"

ownership interest financial

"representing an approximately 2.1% ownership interest in NMM based on all outstanding common units"

Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Frangou Angeliki

(Last) (First) (Middle)

C/O NAVIOS SHIPMANAGEMENT INC.

85 AKTI MIAOULI

(Street)

PIRAEUS GREECE 18538

(City) (State) (Zip)

GREECE

(Country)

2. Issuer Name and Ticker or Trading Symbol
Navios Maritime Partners L.P. [ NMM ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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 Unit	03/27/2026		P(1)		1,255	A	$65.7794(2)	4,683,743	I	See footnote(3)
Common Unit	03/30/2026		P(1)		1,276	A	$64.5389(2)	4,685,019	I	See footnote(4)
Common Unit	03/31/2026		P(1)		1,295	A	$66.6046(2)	4,686,314	I	See footnote(5)
Common Unit								366,766	D
General Partnership Unit								622,296	I	See footnote(6)

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. The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Ms. Frangou, and UBS Financial Services Inc. adopted on December 9, 2025.

2. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $65.04 to $66.84 on March 27, 2026; (2) $64.05 to $64.92 on March 30, 2026 and (3) $66.20 to $67.15 on March 31, 2026. The prices reported above reflect the weighted average purchase prices on each such day for the transactions reported herein. The Reporting Person hereby undertakes to provide upon request to the Staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer full information regarding the number of shares and the prices at which these reported transactions were effected each day.

3. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 11,429 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 27, 2026.

4. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 12,705 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 30, 2026.

5. The number of common units beneficially owned by Ms. Frangou includes (i) 3,183,199 common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her; (ii) 1,489,115 common units in the aggregate owned indirectly through three other entities affiliated with her and (iii) 14,000 common units owned through Raymar Investments S.A., an entity affiliated with Ms. Frangou, pursuant to a Rule 10b5-1 trading plan with UBS Financial Services Inc as of March 31, 2026.

6. Olympos Maritime Ltd., an entity affiliated with Ms. Frangou, is the general partner (the "General Partner") of Navios Maritime Partners L.P. ("NMM"). As of March 31, 2026, the General Partner owns 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units.

Remarks:

Chief Executive Officer & Chairwoman of the Board

	/s/ Todd Mason, by POA from Angeliki Frangou, Chairwoman of the Board, Chief Executive Officer and Director	03/31/2026
	** 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)

FAQ

What did Angeliki Frangou report in this Form 4 for Navios Maritime Partners (NMM)?

Angeliki Frangou reported open-market purchases totaling 3,826 Navios Maritime Partners (NMM) common units. The trades occurred on March 27, 30 and 31, 2026 through an affiliated entity under a Rule 10b5-1 trading plan with UBS Financial Services Inc.

At what prices were the Navios Maritime Partners (NMM) units bought in this filing?

The purchases were made at weighted average prices around $65.78, $64.54 and $66.60 per common unit on the reported dates. Footnotes note that each day’s trades occurred within price ranges in the mid-$60s, with detailed breakdowns available upon request.

How many Navios Maritime Partners (NMM) common units does Angeliki Frangou hold after these trades?

After the reported purchases, indirect holdings in this account total 4,686,314 Navios Maritime Partners common units. The filing also shows an additional 366,766 common units held directly, plus general partnership units held through an affiliated general partner entity.

Were the Navios Maritime Partners (NMM) insider purchases pre-planned?

Yes. The filing states the transactions were made under a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Angeliki Frangou, and UBS Financial Services Inc., adopted on December 9, 2025, indicating a pre-arranged trading schedule.

What general partnership interest in Navios Maritime Partners (NMM) is reported here?

An affiliated entity, Olympos Maritime Ltd., as general partner of Navios Maritime Partners, holds 622,296 general partnership units. The filing notes this represents an approximately 2.1% ownership interest in NMM based on all outstanding common units and general partnership units as of March 31, 2026.