STOCK TITAN

Navios Maritime Partners (NMM) CEO adds 3,169 units under 10b5-1 trading plan

(Moderate)
(Positive)
Form Type
4

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

  • None.
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)
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
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
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.

How many Navios Maritime Partners (NMM) units did Angeliki Frangou purchase?

Across three reported transactions, she purchased 3,169 common units of NMM: 1,050 units on August 10, 1,057 units on August 11, and 1,062 units on August 12, 2026, all reported as indirect holdings through an affiliated entity.

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.

What is Angeliki Frangou’s indirect ownership stake in Navios Maritime Partners (NMM) general partnership units?

Through Olympos Maritime Ltd., the general partner of NMM, she is affiliated with ownership of 622,296 general partnership units, representing an approximately 2.1% ownership interest in NMM based on all outstanding common and general partnership units as of August 12, 2026.

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.

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SEC Form 4
FORM 4UNITED 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)
PIRAEUSGREECE18538

(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)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Unit08/10/2026P(1)1,050A$79.0902(2)4,788,782ISee footnote(3)
Common Unit08/11/2026P(1)1,057A$78.3963(2)4,789,839ISee footnote(4)
Common Unit08/12/2026P(1)1,062A$79.1604(2)4,790,901ISee footnote(5)
Common Unit366,776D
General Partnership Unit622,296ISee 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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) $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.
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) 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.
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) 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.
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) 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.
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 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.
Remarks:
Chief Executive Officer & Chairwoman of the Board
/s/ Todd Mason, by POA from Angeliki Frangou, Chairwoman of the Board, Chief Executive Officer and Director08/12/2026
** Signature of Reporting PersonDate
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)