Navios Maritime Partners (NMM) CEO adds 3,169 units under 10b5-1 trading plan
Rhea-AI Filing Summary
Navios Maritime Partners L.P. reporting person Angeliki Frangou, Chief Executive Officer and Chairwoman, reported three open-market purchases of 3,169 common units of NMM on August 10–12, 2026, at weighted average prices between about $78 and $80. These purchases were made indirectly through Raymar Investments S.A. under a Rule 10b5-1 trading plan with UBS Financial Services Inc. adopted on December 9, 2025. As of August 10–12, 2026, her beneficial ownership includes multi-entity indirect holdings of common units and 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM through Olympos Maritime Ltd.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Net Buyer: 3,169 shares
Net Buy
5 txns
Insider
Frangou Angeliki
Role
See Remarks
Bought
3,169 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Unit F1, F2, F5 | 1,062 | $79.1604 | $84K |
| Purchase | Common Unit F1, F2, F4 | 1,057 | $78.3963 | $83K |
| Purchase | Common Unit F1, F2, F3 | 1,050 | $79.0902 | $83K |
| holding | Common Unit | -- | -- | -- |
| holding | General Partnership Unit F6 | -- | -- | -- |
Holdings After Transaction:
Common Unit — 4,790,901 shares (Indirect, See footnote);
Common Unit — 366,776 shares (Direct);
General Partnership Unit — 622,296 shares (Indirect, See footnote)
Footnotes (6)
- F1. 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.
- F2. The transactions reported herein were effected in multiple transactions each day at prices ranging from (1) $78.75 to $79.33 on August 10, 2026; (2) $78.02 to $78.71 on August 11, 2026; and (3) $78.55 to $80.00 on August 12, 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.
- F3. 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) 116,468 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 August 10, 2026.
- F4. 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) 117,525 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 August 11, 2026.
- F5. 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) 118,587 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 August 12, 2026.
- F6. 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 August 12, 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: 3,169 common units
Purchase price August 10, 2026: $79.0902 per common unit
Purchase price August 11, 2026: $78.3963 per common unit
+5 more
8 metrics
Total common units purchased
3,169 common units
Aggregate of three open-market purchases on August 10–12, 2026
Purchase price August 10, 2026
$79.0902 per common unit
Weighted average price for 1,050 common units bought indirectly
Purchase price August 11, 2026
$78.3963 per common unit
Weighted average price for 1,057 common units bought indirectly
Purchase price August 12, 2026
$79.1604 per common unit
Weighted average price for 1,062 common units bought indirectly
Rule 10b5-1 plan adoption date
December 9, 2025
Plan between Raymar Investments S.A. and UBS Financial Services Inc.
General partnership units held
622,296 general partnership units
Owned by Olympos Maritime Ltd., affiliated with Angeliki Frangou, as of August 12, 2026
Ownership interest via general partner
2.1%
Ownership interest in NMM based on all outstanding common and general partnership units
Direct common unit holdings
366,776 common units
Directly held common units as of August 10, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average purchase prices, beneficially owned, general partnership units, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A."
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.
weighted average purchase prices financial
"The prices reported above reflect the weighted average purchase prices on each such day"
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"
indirectly through financial
"common units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her"
FAQ
What insider transactions did NMM’s Angeliki Frangou report in this Form 4?
Angeliki Frangou reported three open-market purchases totaling 3,169 common units of Navios Maritime Partners L.P. on August 10–12, 2026, at weighted average prices in the high $70s per unit, executed indirectly through an affiliated entity.
At what prices did Angeliki Frangou buy NMM common units?
She reported weighted average purchase prices of $79.0902 on August 10, $78.3963 on August 11, and $79.1604 on August 12, 2026. Footnotes state these averages reflect multiple trades within daily price ranges around $78–$80.
Were Angeliki Frangou’s NMM trades made under a Rule 10b5-1 plan?
Yes. Footnotes state the transactions were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with her, and UBS Financial Services Inc., which was adopted on December 9, 2025.
How are the NMM units in this Form 4 held by Angeliki Frangou?
The purchased common units are reported as held indirectly through Raymar Investments S.A. Footnotes also state her beneficial ownership includes common units held through N Shipmanagement Acquisition Corp. and other affiliated entities, plus directly held common units.
AI-generated analysis. How Rhea-AI works. Not financial advice.