Angeliki Frangou (NMM) adds 3,500 Navios Maritime Partners units under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Navios Maritime Partners L.P. director and officer Angeliki Frangou, a more than 10% owner, indirectly bought a total of 3,500 common units in open-market transactions at prices around the low $70s. These purchases were made on April 30, 2026, May 1, 2026 and May 4, 2026 under a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with her, and UBS Financial Services Inc. Following these transactions, she is shown as indirectly owning 4,713,664 common units, alongside 366,766 common units held directly and 622,296 general partnership units held through Olympos Maritime Ltd., which represent approximately 2.1% of Navios Maritime Partners’ outstanding common and general partnership units.

Insights

Frangou executed routine, pre-planned open-market purchases totaling 3,500 units.

The filing shows Angeliki Frangou, a key insider at Navios Maritime Partners L.P., indirectly bought 3,500 common units at weighted average prices around $71–$72. All three trades used code P, indicating open-market purchases of non-derivative common units.

A critical detail is that these transactions were carried out under a Rule 10b5-1 trading plan with UBS Financial Services Inc., adopted on December 9, 2025. Such plans are pre-arranged, which makes the timing of the trades less informative about her short-term view of the stock.

After these trades, she is reported as indirectly holding 4,713,664 common units, plus 366,766 common units directly and 622,296 general partnership units through Olympos Maritime Ltd., which represent about 2.1% of outstanding common and general partnership units. This context suggests the purchases are modest relative to her overall position.

Insider Trade Summary 10b5-1

Net Buyer: 3,500 shares ($250,668)

Net Buy 5 txns

Insider Frangou Angeliki

Role See Remarks

Bought 3,500 shs ($251K)

Type	Security	Shares	Price	Value
Purchase	Common Unit	1,169	$71.7393	$84K
Purchase	Common Unit	1,155	$71.0833	$82K
Purchase	Common Unit	1,176	$72.0267	$85K
holding	Common Unit	--	--	--
holding	General Partnership Unit	--	--	--

Holdings After Transaction: Common Unit — 4,713,664 shares (Indirect, See footnote); Common Unit — 366,766 shares (Direct, null); General Partnership Unit — 622,296 shares (Indirect, See footnote)

Footnotes (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) $71.67 to $72.45 on April 30, 2026; (2) $70.59 to $72.07 on May 1, 2026; and (3) $71.35 to $72.12 on May 4, 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) 39,026 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 April 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) 40,181 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 May 1, 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) 41,350 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 May 4, 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 May 4, 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 units purchased: 3,500 common units April 30 purchase size: 1,176 common units May 1 purchase size: 1,155 common units +4 more

7 metrics

Total units purchased 3,500 common units Aggregate open-market purchases reported in this Form 4

April 30 purchase size 1,176 common units Open-market purchase on April 30, 2026 at $72.0267

May 1 purchase size 1,155 common units Open-market purchase on May 1, 2026 at $71.0833

May 4 purchase size 1,169 common units Open-market purchase on May 4, 2026 at $71.7393

Indirect common units after trades 4,713,664 common units Indirectly owned common units following May 4, 2026 transaction

Direct common units holding 366,766 common units Directly owned common units as of April 30, 2026

General partnership units 622,296 units Units held by Olympos Maritime Ltd., about 2.1% of outstanding units

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

"The transactions reported herein were made pursuant to a Rule 10b5-1 trading plan"

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"

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"

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 →

05/04/2026 - 09:10 PM

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^*

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)
04/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Unit	04/30/2026		P⁽¹⁾		1,176	A	$72.0267⁽²⁾	4,711,340	I	See footnote⁽³⁾
Common Unit	05/01/2026		P⁽¹⁾		1,155	A	$71.0833⁽²⁾	4,712,495	I	See footnote⁽⁴⁾
Common Unit	05/04/2026		P⁽¹⁾		1,169	A	$71.7393⁽²⁾	4,713,664	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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) $71.67 to $72.45 on April 30, 2026; (2) $70.59 to $72.07 on May 1, 2026; and (3) $71.35 to $72.12 on May 4, 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) 39,026 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 April 30, 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) 40,181 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 May 1, 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) 41,350 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 May 4, 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 May 4, 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	05/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Angeliki Frangou report in Navios Maritime Partners (NMM) Form 4?

Angeliki Frangou reported three indirect open-market purchases totaling 3,500 Navios Maritime Partners common units. The trades occurred on April 30, May 1, and May 4, 2026, at weighted average prices around the low $70s per unit, increasing her already large indirect ownership stake.

At what prices did Angeliki Frangou buy Navios Maritime Partners (NMM) common units?

She purchased common units at weighted average prices of about $72.03 on April 30, $71.08 on May 1, and $71.74 on May 4, 2026. Footnotes show each day’s trades actually occurred within price ranges spanning roughly $70.59 to $72.45 per unit.

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

After the reported transactions, she indirectly owns 4,713,664 common units and directly holds 366,766 common units. In addition, an affiliated entity, Olympos Maritime Ltd., holds 622,296 general partnership units, representing about 2.1% of all outstanding common and general partnership units.

Were the Navios Maritime Partners (NMM) insider purchases made under a Rule 10b5-1 plan?

Yes. The filing states the reported transactions were made pursuant to a Rule 10b5-1 trading plan between Raymar Investments S.A., an entity affiliated with Angeliki Frangou, and UBS Financial Services Inc. This pre-arranged plan was adopted on December 9, 2025, before the 2026 trades.

What entities are involved in Angeliki Frangou’s Navios Maritime Partners (NMM) holdings?

Her beneficial holdings include common units owned indirectly through N Shipmanagement Acquisition Corp. and three other affiliated entities, plus units through Raymar Investments S.A. Olympos Maritime Ltd., another affiliated entity, holds 622,296 general partnership units, giving it an approximately 2.1% ownership interest.

How significant are the reported Navios Maritime Partners (NMM) insider purchases relative to Angeliki Frangou’s stake?

The purchases add 3,500 common units to an existing position exceeding 4.7 million indirectly held common units, plus additional direct and general partnership holdings. This makes the new trades relatively small compared with her overall economic exposure to Navios Maritime Partners.